Down Payment Assistance programs are designed to help qualified buyers
bridge the gap between their savings and the required down payment and closing costs.
Most of these programs offer a 2nd mortgage with 0% interest and no payments. They typically need to be paid back if the borrower sells the home, refinances, or the home no longer is a primary residence. Each program has specific guidelines to qualify, including income, credit, and debt-to-income ratio restrictions. We research which programs our clients may qualify for during the Pre-Approval process.