NEED HELP WITH DOWN PAYMENT ASSISTANCE?

NEED DOWN PAYMENT ASSISTANCE?

The experts tell us that the lack of a down payment is the number one obstacle to home ownership.  Many potential homeowners have the monthly income to qualify for a loan but lack the funds to make that down payment.

In recent years financing option included 100% financing, and second loans.  Neither of those options is available to most borrowers.  A buyer needs 3.5% of the purchase price to qualify for an FHA loan and conventional loan programs usually require 10% or more.  The best rates are available to borrowers who have more than 20% to put down.

There is a new option on the horizon.  Down Payment Resource provides a tool for potential borrowers to determine if they can find help in getting a down payment.  This tool helps borrowers search State and Federal programs for which they may qualify.

If you are looking for help finding resources for a down payment select this link:

http://www.workforce-resource.com

You may find a solution!  Good luck.