Down Payment Assistance Program

Helping Sellers

Sellers now have a better chance of selling their participating homes faster, and at full asking price. The availability of the Buyers Assistance Program grant can increase their pool of potential buyers, and their bottom-line net is comparable to a traditional sale.

Sellers Net Proceeds will be approximately the same whether or not you utilize the Buyers Assistance Program, consequently you might as well benefit from the increased marketing abilities and decreased marketing time by offering Newsong Buyers Assistance.

Think about all of the Buyers who purchased homes last year and were within the FHA loan limits for your area. It's probably a somewhat limited number.

Those Buyers:

Have a sound credit history

Qualify for a loan

Have a downpayment and closing costs

Now think about the number of prospects who looked at houses but didn't buy one because they lacked the resources for a down payment. The number is undoubtedly a lot larger. Consider next the number of people who never even started the search for a new home because they didn't have the money. That number is even larger.

Potential Buyers:

Have fair credit

Qualify for a loan

Don't have a downpayment or closing costs

This is where our program comes in: By creating a larger pool of Buyers and enabling more prospects to buy a home and start living the American Dream.

Increase the pool of potential buyers by 30 percent

Sell your home 25% faster than properties that require a down payment

Make as much money as you would on a traditional sale

A buyer qualifies for the Buyers Assistance Program by getting approved for any home loan from a lender who accepts grant funds from a nonprofit organization, and by purchasing a home from a seller who agrees to make a contribution to the Program after the home closes.

Remember, the seller is NOT obligated and DOES NOT make a contribution to Newsong if a Buyer that does not use the Program purchases their home.