Down Payment Assistance

Down payment assistance can help a buyer who is ready to buy but has limited funds saved for a down payment. However, this may not always be the case. It may also be needed when you are looking to hold on to your hard-earned savings and leverage your savings by not liquidating all of it for a down payment on a home.

These down payment programs range from grants to loans. First, understand that a grant is just that! A down payment loan does have to be paid back. However, if a down payment loan is what allows you to buy versus waiting, do it!

In entertaining buying a home with down payment assistance you want a consultation to learn the positives and negative aspects to weigh which option is right for you. Allow us to lend a hand educating you on what option is right for you. Please note these programs do you want you to have $1,000 invested into the buying process

Please note that down payment assistance (DPA) grant programs are not separate funds, they are your loan program (FHA 30yr fixed, there is also a Conventional option please call to discuss).  In order to qualify you, you’ll need to get pre-approved with a lender who is approved with these programs. If you know you will need or would like to have the option for a down payment assistance program you will need to ask your current lender if they are approved and can offer any DPA programs, if they are not then it would be advisable not to submit a loan application and have your credit pulled. Again, you will need to work with a DPA approved lender. It would also be highly advisable that they are not only approved with one DPA program but multiple because if you are unable to fit and/or qualify for a program you will have other options without needing to change lenders.

The Metro Mortgage Assistance Program is currently available for the following cities/counties. Mortgage loans can only be made within the incorporated areas of:  (It is the lenders responsibility to make sure the property is incorporated)