If you earn below $92,884 annually, you may qualify for one of several Down Payment Assistance Programs (DPA). Both the Home Plus as well as the Home In Five Loan Programs provide an attractive 30-year fixed-rate mortgage with a DPA grant ranging from 0% – 10% of the home purchase price. DPA is a true grant with no repayment terms or conditions.
The minimum FICO score to qualify for these programs is 640 and the maximum home purchase price must be below $371,936.
Utilizing one of these programs can entirely cover all out of pocket expenses getting you into a home purchase with literally no cash out of pocket. Contact me for more information on these programs.
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