Down Payment Assistance Programs
Are you looking for first time home buyer programs?
Homeownership Grants?
Down payment assistance programs?
Closing Cost assistance programs?
Welcome to First House Financing where we have over 30 years of experience in helping thousands of home buyers nationwide obtain assistance to cover their down payments and closing costs. If a loan officer tells you homeownership grants, first time home buyer programs, down payment assistance programs, or closing cost assistance programs do not exist they are LYING. Locating down payment and closing cost assistance programs can save a home buyer thousands to hundreds of thousands of dollars when purchasing or refinancing a home.
Did you know some programs offer over $200,000 in assistance to help you purchase a house?
NO! You can be a non-first-time homebuyer and still qualify for some down payment assistance and closing cost assistance programs if you are going to live in the house as your primary residence.
All homeownership grants, first-time home buyer programs, down payment assistance programs, and closing cost assistance programs require you to meet minimum credit score requirements, income limits, debt to income ratio limits, and sales price limits. Each program has its own specific requirements in these categories.
Not all homeownership grants, first-time home buyer programs, down payment assistance programs, and closing cost assistance programs are the same. The best thing a home buyer can do is get pre-approved to determine which type of assistance they are eligible for and how much assistance they will receive.
Learn about the different types of assistance below!
Request a free quote or schedule a consultation with the expert today!
Funds that never have to be repaid.
Give you funds for down payment or closing costs but loans that have to be paid down at the same time as your first mortgage.
Grants loans that are forgiven over a set number of years . Usually, you must live in the home for 3 years, 5 years, 10 years, or 15 years for the loan to be forgiven.
This program may require a portion of equity after a period of time when the home is refinanced or sold.
Deferred loans that are repaid when the house is refinanced or sold.
Certain states and local governments, including housing finance agencies, issue mortgage credit certificates, which reduce the amount of federal income tax you pay. This makes more money available upfront for your down payment or closing costs.