Down Payment Assistance

PURCHASE WITH LITTLE or NOTHING DUE AT CLOSING!

Are you wanting to buy a home, but just can’t save up the money for down payment and closing costs? Our DOWN PAYMENT ASSISTANCE program is your solution. With the use of Gift Funds and Seller Contribution your cash due at closing could be very little.

Benefits:

  • Pays the 3.5% FHA Down Payment required for you. These funds are not a loan and never have to be repaid.

  • No price restrictions.

  • No area restrictions.

  • High income limits.

  • Open to ALL job types for First Time Home Buyers.

  • Closing Costs can be covered by all or a combination of Buyer’s funds, Gift Funds from family members, and Seller Contribution.

  • Can purchase pre-existing or newly constructed homes.

  • No Cash Reserve requirement.

Qualifications:

  • Minimum Credit Score 640

  • No open Judgements on credit.

  • 2 years consistent employment/school history documented by W2s and Paystubs and/or school transcripts, or if self-employed or 1099 employee need 2 years tax returns.

  • Do NOT have to document rent payment history.

  • Owner Occupied purchases only.

  • Minimum home purchase price $200,000