There are many local and national charities available to assist homebuyers with their
down payment on a home. The qualifications for these programs vary but are generally available
in the amounts of 3 - 5% of the purchase. Most all down payment charities
are used in conjunction with a FHA loan program and most do not require repayment. Many
charities do not require that you be a 1st time home buyer or that you have certain income
restrictions. However, because the laws and organizations that provide these funds change
rapidly it is always best to get pre-approved and ask your mortgage professional what is
currently available in your area.
If you interested in applying for a non profit organization down payment assistance grant
you can simply fill out our Down Payment Assistance Application. There is no cost or commitment required.
Mortgage Consultant
815-621-9888