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 rates and costs than if you can come up with the down payment. To qualify with a down payment, you can purchase with as little as 3%-3.5% down payment. The down payment can be a gift from a relative.

If you are looking to purchase a home, but have limited funds, contact us and we can go over your options.