Receive 5% down on a home as payment assistance (6% down for Veteran's assistance) with the new HOME IN 5 PROGRAM.. You really need to check this program out. We just had someone call us who is already pre-qualified for a home loan but didn't know about this program. Now she's going to receive 5% of her total loan amount which she can use towards her down payment. And what's REALLY nice about this program is that 5% DOES NOT HAVE TO BE PAID BACK.... Here are the program highlights:
1) 5% down payment assistance. Assistance is calculated as 5% of the initial principal balance of mortgage loan
2) 30 year Fixed Rate Home Loan. Interest Rate (set by IDA) currently 4.500% **The interest rate may change periodically to stay competitive with the market**
3) This is a grant, so no repayment is required.
Eligible loan types: FHA, VA, or USDA-Rural
4) Minimum 640 credit score
5) Maximum of 45% debt to income ratio
6) There is no first time home buyer requirement
7) Maximum qualifying income of $88,000
8) Important for Military (Qualified Veterans, Active Duty Military, Active Reservists, Active National Guard)
9) Down Payment Assistance is increased to 6%
Call us today and we'll work on getting you pre-qualified and finding you your next home immediately.
Share this with your friends too. This is a great program that is helping a lot of people get into homes with a little more ease. Call me for details!
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