Yes, I'm being serious. Down Payment Assistance is saving the day for so many potential home buyers, and in turn is relieving many new home builders and home sellers. With the local market taking a pause and trying to catche it's breathe, Down Payment Assistance has breathed a new life for many.
I've helped so many clients save thousands of dollars by turning to a Down Payment Assistance program, instead of using their own savings to purchase their new homes. New homes, pre-existing homes, 3, 4, and 5 bedroom homes, some with pools, some on acreage, some that are townhomes or condos. Some were foreclosures and others were just amazing deals where the buyers saved lots of money.
Down Payment Assistance is NOT credit driven. However, you can not presently be in default on your current credit and financial obligations. And you must show the ability to repay your debts, because the main aspect of this program is income based. Debt-to-income, to be more accurate. About 95% of the clients I've worked with have easily qualified.
So many potential home buyers are discouraged from purchasing their 1st home because of all the negative media attention. But with 3-5% down, buying one's 1st home is a breeze. And that's 3-5% in Down Payment Assistance. Why aren't more Realtors utilizing these programs?
Down Payment Assistance opens the doors to homeownership once again. Let's go home shopping!!!!
