One of the most difficult aspects of buying a home, especially for first-time buyers, is coming up with a down payment. Your monthly mortgage payment will decrease the more you put down, but the amount will also depend on how much you can manage to save each month.
Dream Home Mortgage offers you a grant for your down payment if you qualify for our program. The down payment help is available to you as a grant that does not require repayment (which only has to be repaid if you sell or refinance within three years). It’s a forgivable grant if the borrower lives in the house of 5 years. Downpayment assistance can help the first-time homebuyers in obtaining the money needed to become homeowners.
Income level, homeownership status, occupation, handicap, geography, parentage status, and other factors may be taken into account by down payment assistance programmes.
On January 1, 2023, the Down Payment Assistance Program will begin. While there is money in the fund, assistance will be given. Therefore, to take advantage of this chance, be sure to submit your application in a timely manner.
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“The biggest financial choice we’ve ever made was to purchase a home, and we wouldn’t have been able to accomplish it without the down payment assistance we were awarded. My family and I are extremely appreciative of the loan officer at Dream Home Mortgage who made it possible for us to finally buy a house of our own.” Anonymous ,Home buyer.
“Although purchasing a home can be intimidating, I consider myself quite fortunate. I am really appreciative of the advice Hussein Panjiwani, my lender, gave me while I was buying a house. Additionally, I appreciate Dream Home Mortgage for assisting me in obtaining down payment assistance so that I could purchase my ideal home.” Anonymous , Home Buyer.
This program is for specific states in the United States.If you are from one of the following states in the United States of America, you may apply for this assistance:
5. New Mexico