Many individuals aren’t aware that there are options out there to help with cash to close, interest rates, mortgage insurance, and other aspects of the loan.
FHA 2% Grant Program
Minimum Credit Score 580
Grant does not need to be paid back
1.5% down payment
6% closing help from seller
Close in 30 days
Contact me today 202-600-8963
FHA 0 Money Down
· 3.5% down payment assistance
· Households who make less than $115% AMI – no repayment or interest on assistance and can be forgiven after 3 years of timely payments
· Min FICO score 640
· Max loan amount is FHA conforming limit
· 30 day contract
· No other Real Property owned at closing
FHLB Grant Funds (Any loan product)
· Up to $5,000 in grant funds
· Up to $7,500 for law enforcement, first responders, nurses, and teachers.
· 45 day contract
· All other loan details are not affected
· Income limit – 80% median by county (adjusted for household size)
· Must be first time buyer
HomeReady (FNMA)
· Conventional supplement designed to help make housing more affordable for buyers
· Reduced interest rate
· Reduced mortgage insurance
· 3% minimum down payment
· Gift funds and other grant funds OK (FHLB)
· Income limit set by census tract (waived in targeted areas)
FHA 2% Grant Program
Minimum Credit Score 580
Grant does not need to be paid back
1.5% down payment
6% closing help from seller
Close in 30 days
Contact me today 202-600-8963
FHA 0 Money Down
· 3.5% down payment assistance
· Households who make less than $115% AMI – no repayment or interest on assistance and can be forgiven after 3 years of timely payments
· Min FICO score 640
· Max loan amount is FHA conforming limit
· 30 day contract
· No other Real Property owned at closing
FHLB Grant Funds (Any loan product)
· Up to $5,000 in grant funds
· Up to $7,500 for law enforcement, first responders, nurses, and teachers.
· 45 day contract
· All other loan details are not affected
· Income limit – 80% median by county (adjusted for household size)
· Must be first time buyer
HomeReady (FNMA)
· Conventional supplement designed to help make housing more affordable for buyers
· Reduced interest rate
· Reduced mortgage insurance
· 3% minimum down payment
· Gift funds and other grant funds OK (FHLB)
· Income limit set by census tract (waived in targeted areas)