Down Payment Assistance (DPA) for FHA Mortgages Now Available

By
Mortgage and Lending with Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709 NMLS # 6869

As mortgage brokers we have seen different ways some lenders offer to help borrowers make the down payment required for an FHA loan.

Up until now, I wasn’t feeling warm and fuzzy about them.

 We now have a lender in place that is offering to cover the entire 3.5% down payment. Here is the catch – there are “NO PAYMENTS” –  this is for real! This means the borrower is never responsible for paying back the money lent to make the down payment. There will not be a second mortgage and the debt is totally forgiven.  

We can do FHA mortgages with DPA in CT, MA, RI, ME, NH, VT, NY, and FL.

The minimum credit score is 620 and the DPA product is available for straight FHA loans or the FHA 203K’s (for construction and repairs).

 

Get in touch today to learn how you can purchase a new home with Down Payment Assistance.

Call (800) 822-7482 or email joe@righttracfg.com

 

Originally posted on RightTracFG.com

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Joe Petrowsky, NMLS #6869

Right Trac Financial Group, Inc. NMLS #2709

110 Main St.

Manchester, Ct. 06042

Office: 860 647-7701 x116

Fax: 860 647-8940

Cell: 860 836-9294

Email: joe@righttracfg.com

www.righttracfg.com

www.joepetrowsky.com

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Joe Petrowsky does not guarantee nor is in any way responsible for the accuracy of the information provided herein, and provides said information without warranties of any kind, either expressed or implied.

Equal Housing Statement: We are pledged to the letter and spirit of U.S. policy for the achievement of equal housing opportunity throughout the Nation. We encourage and support an affirmative advertising and marketing program in which there are no barriers to obtaining housing becuase of race, color, religion, sex, handicap, familial status, or national origin.

Comments (2)

Sham Reddy CRS
Howard Hanna RE Services, Dayton, OH - Dayton, OH
CRS

That's a great concept to help first time home buyers who are strapped for downpayment. Thanks for sharing!

Aug 26, 2022 04:35 AM
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Good morning Joe. Where there is a will there is a way. Sounds like a terrific program for responsible borrowers. Enjoy your day.

Aug 26, 2022 05:24 AM