You Have Options!
Although down payment assistance is a fantastic option for many, Ryan will tell you, it’s not for everyone. As the phrase goes, “the devil is in the details”. Sometimes an assistance program won’t allow you to buy at the purchase price desired, or access the preferred area. When this happens, there is always another option.
Ask about our “Hybrid Loan” option. You cover the down payment, and we’ll help cover the rest!
Ryan Hrisca and his team knows that setting aside money for a down payment and closing costs for a new home can, at time, seem impossible. There is hope as local and state down payment assistance programs can help! “DPA” programs come in various forms; gift funds, grants, or even silent seconds.
These programs can put keys in your hand sooner than you may think!
State and Local Down Payment Assistance Programs Make Homeownership A Reality For Thousands of Families Each Year
Assistance
Up to 6%, based on the program chosen.
Closing Costs
Programs Allowed
FHA & Conventional
Get financing with either FHA of Conventional.
Property Types
The Home You Want
Buy a Single Family, Condo or a Manufactured.
Low FICO
620 FICO Required
Credit scores as low as a 620 allowed.
General Qualifications
Some of the most misleading advertisements today are about the programs that are available. Many company’s paint a “not-so-truthful” picture. Some believe that there are hundreds of programs out there (only for teachers, only police officers and only for certain industries).
We are dedicated to removing the misrepresentation for these programs and always shoot you straight.
First Time Buyers
Some programs require that you’re a first time buyer, some don’t. We will help identify which best fits your situation.
640+ Credit Score
640 minimum FICO scores are required for ALL buyers on a “DPA” loan. The minimum score rule applies to all signers.
Primary Residence
You must occupy the property as your primary residence. Not allow for second or investment homes.
Self Employed Okay
Self employed buyers are allowed! Qualifying is based on two years of filed taxes, net income.
1 Unit Requirement
Some programs only allow a 1-unit, condo or Manufactured home. Others will allow 2-4 units in certain situations.
Repeat Buyers
You can qualify if it’s your second property with some programs. However, not all programs restrict you to just one home.
Program eligibility varies, click on each of the below to discover the diverse options available.
