If you are looking to purchase a home, but do not have the down payment, there are many different down payment assistance programs available to you. We are a mortgage brokerage and recently found at least 8 different lenders offering down payment assistance programs to whom we can broker. The down payment can be either a loan to be paid back by you, a forgivable loan, or a grant. You do not have to be a first time homebuyer to qualify. The programs go down to a 600 credit score. The caveat to these programs is they typically have higher...
Category: Down Payment Assistance
DOWN PAYMENT ASSISTANCE PROGRAMS
Let’s take a look at down payment assistance; there are programs that will actually make the down payment for you: There are different types of programs. Some which you will have to apply for separately and others that are part of the loan process. However, like anything else, these programs are not free. Although you may not have to put anything down, payment assistance programs typically have higher interest rates and higher fees than if you make the down payment yourself. It is typically in your best interest to save for the down payment. We offer a variety product services,...
August 11, 2021August 13, 2021john