Did you know that programs exist that will give
you money to help you get into your new home? Not kidding around, you can actually
receive money that you don’t need to pay back for the purpose of your home
purchase. Of course, some “Red Tape” comes into play (Income limits, Where the
home is located, Mortgage guidelines, length of time since last homeownership, and
Type of home). Some of the available programs will contribute up to 4.00% of
the buyers loan toward down payment in the form of a Grant.
If you’re looking at
a home that maybe does not fit within the “Box” for the above type of Grant Program,
others are available that can aid in achieving
the dream of homeownership like Down payment Assistance. The main difference
between a Grant, and Down payment Assistance is if you have to pay it back.
Grants are monies that are purely granted under conditions, whereas Down
payment Assistance are monies that are loaned under specific terms (Determined
by program). Some of the Down payment Assistance programs will “Loan” the buyer
3.00% toward the down payment, and some will even go to $25,000.00.
These are great tools to utilize given the
current market conditions, and definitely will help ease the path to home ownership.
Please call Drew Crosier (720)935-5983 with Catalyst Lending for more information.
You Can Buy Today