up to 3.5% Grant Program
The 3.5% Grant doesn't have to be paid back
Single Family Homes + Manufactured Homes (2%)
Down Payment Assistance
Down Payment Advantage Program
For Stick Built, Manufactured and Modular properties:
FHA requires 3.5% down on a purchase. Conventional programs require 3% down.
Our Down Payment Advantage provides up to a 3.5% Grant that doesn't have to be paid back. Making this program a True 0% Down Program with FHA and Conventional.
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100% Loan to Value - $0 Money Down (Only 2% Grant for Manufactured Homes)
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580+ Credit Score needed for this Program (We have credit clean up programs if needed)
580 - 619 = up to 2% Grant
620+ = up to 3.5% Grant
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$75,000 min. Loan Amount up to the FHA County Loan Limits
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10, 15 and 30 year Terms
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Owner Occupied Only (No Investment or 2nd. Homes)
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Residential Properties Only: 1 - 2 Units (Condos, Manufactured & Modular allowed)
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Can be combined with up to 6% Seller paid closing costs
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May be used with the FHA 203(b), FHA 203(k) Renovation loans and Conventional Programs
Eligible Borrowers: (Any one of the Following)
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Borrower's total income is 140% or less of the local area Median income
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First-time Home Buyers
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Any Borrower on the Loan Application who is a current, retired, volunteer, or non-paid:
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First-responder: police officer, firefighter, public safety officer, paramedic, or emergency medical technician (EMT), including volunteers
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Educator or Teacher
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Medical personnel: nurse, doctor, phlebotomist, or health ambassador, or hospital, American Red Cross worker, or similar
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Civil servant in a federal, state, or local municipality
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Military personnel