Down Payment Assistance
The Down Payment Assistance program exists to reward homebuyers who have high credit
scores and would like the option to come in with a lower down payment.
scores and would like the option to come in with a lower down payment.
Down Payment Assistance - Eligibility
Income limits apply and may change based on geographical areas. A minimum credit score is required.
Income
Your income limits depend on your geographical area. Some areas do not have income limits.
Credit Score
Applicant should have the bank specified credit score beginning at 640 +
Features of Down Payment Assistance
All loans are not created equal, Down Payment Assistance has become a great option for people to use.
Get rewarded for qualifying credit
Down Payment Assistance is available only to those with a credit score of 640 or higher.
Reduced Mortgage Insurance
Being able to qualify for the down payment assistance program can mean that you are eligible for having a reduce mortgage insurance.
Come In With Less Money Down
If you would like to use some of your saved money towards other amenities or repairs for your homes, using down payment assistance can help you hold onto your savings now.
