There have been some significant changes to the down payment assistance program. The Home In 5 down payment assistance program helps buyers get a government grant towards the down payment for FHA, VA and USDA loans. The following changes went into affect as of December 1st, 2015.
Please contact us for further clarification. www.academymortgagemesa.com
| OLD GUIDELINES | NEW GUIDELINES |
| 4% Grant towards down payment | 4% grand remains the same depending on FICO score |
| 640 FICO score | 660 FICO Score (640-659 scores will be eligible for 3% grant) |
| Special incentives for military personnel proved a 5% grant | Special incentives extended to include military personnel, first responders, and teachers! |
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