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Down Payment Assistance Program Prequalification
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The Down Payment Assistance Program is designed to work with many loan programs to close more homes for more people! It is fast, easy to use and flexible enough to be compatible with most types of loans offered by lenders. Gifts are NOT restricted to first time home buyers and there's no unessesary underwriting or income restrictions. The Buyers Assistance Program helps provide new potential homebuyers with the cash at closing for these critical expenses--cash that they do not have to repay.
Gift funds are available up to $50,000 and based on the final sale prices of the homes and the needs of the buyers. The program funds are free monies offered to homebuyers, requiring no repayments, no income limitations, no silent second mortgages, no recapture penalties, and no geographical restrictions in the U.S. The funds are offered towards the purchase of a home when a seller is willing to participate in the program.
The purchaser applies for a Down Payment Assistance Program grant of gift funds through a lender for needed up-front funds to purchase a home. If you need a lender go here!
The Down Payment Assistance Program helps more people own more homes. |
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Gift funds up to $50,000 - not just 3% |
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May be used towards closing costs and/or to buy down the rate |
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Compatible with many conventional, nonconforming, and subprime loans |
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Referral Network - Applicants referred to lender, realtor and builder participants |
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Great fast service - only one form to fill out |
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Our goal is to make your experience easy, we don't impose restrictive guidelines. |
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No downpayment requirements - no cash investment required by borrowers |
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No recapture clauses - no second lien recorded |
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No income restrictions |
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No asset requirements |
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No reserve requirements |
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No homebuyer education required |
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No underwriting or credit checks |
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No extra qualifying required when approved by lender |
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No geographic boundaries in the United States |
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No property Inspections, certifications or homeowner's warranties required |
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Don't let lack of cash stop you from owning a home. If you would like us to help you choose a lender, go here, and start looking for your home tomorrow! |
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