Down payment assistance programs provide would-be homebuyers with money to cover some or all their down payment; some programs also offer help with closing costs.
The Down Payment Assistance can come from many different sources – including federal, state, county, city, and nonprofit agencies – and are not always well-publicized. The range of programs available can vary based on where you plan to buy a home.
Generally, down payment assistance takes one of three forms:
· Down payment grants
· Forgivable second mortgage programs
· Matched savings programs
It is easy to miss out on programs you are eligible for if you do not know they exist.
Let our professional and experienced Mortgage Planners help you find the right Down Payment Assistance programs available in your area.