You may qualify for free money to apply to down payment and closing costs – and receive favorable fixed-interest-rate home loans. State assistance and loan programs aren’t the only resources you can.
NCHFA promotes affordable home ownership to North Carolina residents. The DPA portion of the transaction is a zero interest, no payment required loan that helps buyers overcome lack of down payment. In addition, the loan is fully forgiven after 15 years (forgiven 20% per year in years 11 – 15). Repayment of the DPA is due and payable only.
MyHome provides a deferred-payment junior loan – up to 3.5% of the purchase price, or appraised value, whichever is less, to be used for their down payment and/or closing costs. This program must be combined with a CalHFA first mortgage loan. Review the sections below to find out more about the MyHome program.
Construction Loans Down Payment Lot Loan Options Our lot loan product is designed to provide short-term financing, so you can purchase land on which you intend to build a home. 1 of 3 FHA Construction Options FHA Construction programs allow for as little as 3.5% down payment and a 30-year fixed loan after the home is completed. 1
OHFA offers 30-year, fixed-rate conventional, FHA, VA and USDA-RD government loans with generous income and purchase price limits, designed especially for homebuyers with low- and moderate-incomes. Your Choice! Down Payment Assistance allows homebuyers to choose either 2.5% or 5% of the home’s purchase price.
Grants for Grads includes 2.5% or 5% down payment assistance. Down payment assistance is forgiven after five years as long as you remain in the state of Ohio. If you sell your home and move out of Ohio within five years, you must repay some or all of the assistance provided.
The WHEDA Advantage provides home buyers with a versatile loan that features the lowest monthly mortgage payments, down payment and closing cost assistance, a 30-year fixed-interest rate, and more. When you buy your home with WHEDA, you’re able to make one of the biggest and most exciting decisions of your life be one of the best!
FHA loans with down payment assistance in Arizona are popular because of their flexibility and other benefits. They still have many advantages that make them attractive to Arizona first time homebuyers. The Home Plus fha loan program is offered anywhere in Arizona. Program Highlights: Down payment assistance options of 3%, 4% and 5%.
First Time Home Buyers Down Payment Assistance VA, FHA & USDA Home Loan Programs | First Time Home Buyer. – Five Steps To Owning Your First Home. Check out first time home buyer programs with zero to low down payment options.; Get Pre-Approved for all the eligible loan options and get a pre-approval letter in your hand before you start house hunting.; Request Pre-Screened Realtor in FirstHomeBuyers Network to assist you in your home search.; Get contract on home and process your mortgage to obtain.