First Time Home Buyers : FHA Home Loan Group is pleased to announce that there are lenders who offer Grants and Down payment assistance for first time home buyers. This is a fantastic program that you can take advantage of. A lot of people really like this option when compared with the USDA because the USDA is limited to rural areas only. With the FHA you can buy a home in urban or rural areas so there are a lot more options available when looking for a home. Through the Bond 79 Program you can get Down Payment Assistance up to 5% towards your home. Check with your lender to see what programs and funding are available.
Requirements for Down Payment Assistance:
- 640 or better credit score
- Can be in urban or rural area
- Closing costs can be rolled into the loan or paid by the seller.
Here are the Benefits of FHA Mortgage Loans:
- You will save thousands of dollars. No Down Payment!
- Can buy home in urban or rural area
- Can buy new home, existing, or have one built, brand new
Down payment assistance
FHA loans are here to help everyone obtain a home—even if you have bad credit!
This is possible because FHA loans are backed by the federal government. Don’t worry if you have filed for bankruptcy before, had issues with collection agencies or still have high debt, because you still might be eligible to receive an FHA mortgage. You don’t need to worry about having a lot of cash on hand for a down payment or for closing costs, nor do you have to worry about dealing with expensive “subprime” financing options.
So many more people are able to qualify for FHA loans compared to traditional loans.
Don’t wait to turn your dream of owning a home into reality. Our FHA specialists are here to help.