Quintessential Mortgage Group offers our borrowers the Down Payment Assistance Program. The idea of homeownership for first-time buyers shouldn’t seem like a farce in today’s market. Programs such as the BorrowSmart Program, offered by Freddie Mac, provide down payment assistance to lower-income homebuyers. It is available to borrowers in all 50 states. If you have the monthly income to pay mortgage payments, but not enough money to pay the upfront costs, you may qualify for a low-interest loan to help you cover what you need.
The big benefit of this program is that it enables buyers to help cover the downpayment of the property they would be purchasing. Some advantages that make this accessible include:
Eligibility is determined by your household income and credit history, varying by state and program. Our loan officers will answer any questions you may have on applying for any FHA loans. Get a quote estimate to see how much your downpayment will be with our mortgage calculator.