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Buyer's Down Payment Assistance
March 22nd, 2011 2:52 PM

There are a few loan products currently available for first-timers and for non-first-time buyers that help with down payment. All you need is 1% of the purchase price for down payment. For example: if you buy a home for $200,000, you would need 3.5% of the purchase price so $7,000 down payment to buy the home. Right now with these programs you would only need 1% so $2,000 down payment for the same home. Not bad! This example was compared to using a FHA loan which offers the lowest DP outside of these programs.

This is only 1 of the programs currently available. There are about 10 or so. Call me for details.

These programs have a certain amount of money that comes and goes so if you or someone you know is interested give me a call or send me an email. Thanks.


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Posted by Reginald Jackson on March 22nd, 2011 2:52 PMPost a Comment

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