FHA
Review a primary-home path.
Explore fha →BUYER FUNDS
There may be ways to manage cash to close.
Available assistance programs, eligible gifts and seller credits may help some buyers. Rules and funding differ by location, loan type and program.
When this may be worth exploring.
A useful first step is matching the program to your goals and the property.
- You need help planning down payment or closing funds.
- You may qualify for a state or local assistance program.
- A family member or seller may contribute within program rules.
What to compare.
A lower upfront cost does not necessarily mean a lower long-term cost. Compare the whole transaction.
- Whether assistance is a grant, repayable loan or deferred loan.
- Income, property, education and occupancy restrictions.
- How assistance changes rate, payment and total cost.
Details that help John review your scenario.
You can call without having everything ready. These details make the conversation more useful.
- Target property location, household income and purchase budget.
- Savings, eligible gift sources and expected timeline.
- Any assistance program your agent mentioned.
A few questions borrowers ask.
Requirements can vary by loan program and lender.
Are assistance funds always free?
No. Some programs involve a second loan, repayment conditions or a higher first-mortgage cost.
Can a seller pay my down payment?
Seller credits generally have different eligible uses than a borrower’s required investment; program limits apply.
Related financing paths.
There may be more than one way to approach the same goal.
USDA
Location-based eligibility may provide another option.
Explore usda →TALK THROUGH YOUR SCENARIO
Start with a conversation.
Tell John what you want to accomplish. He’ll help you sort through the options and next steps.