Assistance programs for first time homebuyer’s down payment and closing costs

  • Low or zero interest loans to offset down payment and closing costs – these have no payment and are paid back in most cases upon sale or refinance
  • First time buyers –you must be able to prove you have been renting for three years or are a displaced homemaker
  • Income limits – vary with the program but most are household income below 80% area median income
  • Geographic restrictions –each program has their own
  • Single family homes or condominiums –must be in safe and sanitary condition
  • Primary loan must be a 15 or 30 year fixed rate loan – usually conventional
  • Me – I am a mortgage broker specializing is first time buyer assistance programs, conventional purchase and refinances for twenty two years.  Please contact me to find the best financing for your borrowing needs.


Comments are closed.