Most assistance programs stop you at the door with two questions: have you owned a home in the last three years, and do you make too much money? Ours asks neither.
The numbers
On a $350,000 home, 5% is $17,500. That can go toward your down payment, your closing costs, or a mix.
Three ways to take it
- 5-year forgivable. A second lien that disappears after five years if you stay in the home. Best for buyers planning to settle in.
- 30-year repayable. A small second mortgage paid alongside your first. Lower cost over time than the forgivable option if you plan to sell or refinance early.
- Closing-cost assistance. Same money, aimed at the fees instead of the down payment.
Who it’s for
Steady income, a credit score in the mid-600s or better, and not a lot saved yet. That’s most of the people we talk to.
What to do now
Pre-qualifying takes about ten minutes by text. We’ll run the numbers both ways — with assistance and without — so you can see what you’re actually choosing.
