What is Down Payment Assistance Programs?
Down payment assistance programs will help families and individual to purchase a home by offering them down payment options. The amount of down-payment assistance will vary depending on the program and purchase price of the property. Income limits do apply and those vary depending on household size. Down-Payment and closing cost assistance is available for eligible homebuyers.
The grant is forgiven, no repayment required
Do not need to be a first time homebuyer
Can be used with FHA or VA
Income Limit $68,885
Up to 5% Grant
Most lenders require a down payment ranging from 5% to 20%, although there are some options that can get you in a home for as little as 0 down. You have to know the options and programs available to you. There are several programs that help home buyers with down payment assistance. Some are open to all potential home buyers while others are targeted to specific groups of buyers such as first-time home owners.
Let Superior Mortgage Lending’s Experienced Team Help You with Down Payment Assistance Programs!
Down payment should not keep you from buying your dream home. Superior Mortgage Lending is an approved lender in Down Payment Assistance Programs. Our Mortgage Loan experts will guide you through the application process and will assist you all the way until your loan is closed.