Down Payment Money

Dated: 03/31/2014

Views: 711

The dollar amount of  down payment assistance will vary with each type of loan. Some programs have relaxed their policies somewhat. Others have very precise guidelines that must be followed.  

Down payment assistance can come from a variety of sources.  It can be gifted to the buyer. The seller may provide for it at closing.  Programs like  HOAP and CHAFA or for example, will require the buyer attend classes, but upon successful completion the programs will provide down payment assistance.
 Some programs assist only first time home buyers. A consumer is considered a first time home buyer if they have not owned a home in the last three years. Other programs will work with non first time home buyers as well as first time home buyers.
Blog author image

Sheryll White

As a Full Time real estate agent for the past 23 years, Sheryll has helped hundreds of home owners in Colorado buy and sell their homes. Sheryll's easy going, no pressure style and her in depth knowl....

Want to Advertise on this Site?

Latest Blog Posts

A Peak Inside Chip And Joannas Farmhouse

I have to say my husband and I are big fans of the Gaines family!  Unfortunately, I have way too much eccentric decor from my self proclaimed artist days and not to mention a mish-mash of hubby

Read More

Real Estate On A Personal Level

I’m going to be a “me monster” for a moment, but I promise this info will help you out too!  I got into real estate here in Castle Rock for many reasons.  The one that has

Read More


All the "bubble" talk reminds me of the yellow fish in Finding Nemo.  Every time that little pirate chest opens and the bubbles come out he gets so excited (hilarious)!  People get very

Read More

Building 1 Million In Net Worth By Investing In Real Estate

Words literally taken from the title of the article.  These are the kinds of ideas I'm talking about for those of you who want to make real estate investment a part of your business (making a

Read More