Coming up with a down payment can be one of the biggest obstacles for would-be homeowners. Fortunately, there are many down payment assistance programs available. To apply for a home loan using down payment assistance, fill out our short form today.
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Loans insured by the Veterans Administration eliminate the need for down payments. Potential homeowners who have served in the military may be eligible. A VA loan also has low fixed interest rates and low monthly payments.
An FHA loan is a loan which is insured through the Federal Housing Administration and requires a very low down payment. This loan is good for families or individuals with low incomes who have no access to the large sums of money required for down payments. Low interest rates and low monthly payments make an FHA loan very appealing.
There are many local, federal and non-profit organizations that are able to help eligible individuals acquire a down payment. There are also loans for which down payments are greatly reduced or not needed at all.