Down Payment Assistance program is managed in collaboration with Real Estate Mortgage Grants and Down Payment Assistance, Inc, a 501(c)(3) non-profit organization committed to assisting Home Buyers achieve their homeownership goals.

What is the Vision ?

To abate the unpopular and pervasive phenomenon of Home-Rentership presently threatening low to moderate income families, the Millennials and among others, the workforce and recent graduates of this great nation.

What is the Purpose ?

The Purpose is to foster Home-Ownership by providing Down Payment Assistance in a simple and expedited process to all participating mortgage qualified Home Buyers across the 48 Contiguous United States regardless of their income, even when income exceeds the Median Household Income.

Do I have to pay an application fee to receive a GRANT or Loan Approval?

There is never an application fee or obligation.

Are the grants only for Renters and First-Time HomeBuyers?

The grants are geared  to 1st Time Buyers AND to all other mortgage qualified home buyers.

Do I need to be employed to receive a grant and loan approval?

Yes, you must be gainfully employed or self-employed to receive a GRANT and Mortgage Loan

Will a foreclosure or bankruptcy disqualify me ?

You purchase a home even after a bankruptcy or foreclosure. Some restrictions apply.

I have less than 700 Credit Score, will I still qualify to receive a grant for a Conventional loan?

Yes, you could still qualify to receive a grant for a Conventional Gov backed loan with a credit score as low as 640 (some restrictions apply)

I have less than 620 Credit Score. Could I still qualify to receive a grant for an FHA loan?

Yes, you could still qualify to receive a grant for an FHA loan with less than 620 credit score. You can get a Loan and Grant with NO CREDIT SCORES (some restrictions apply)

How long is the process?

The conditional approval of your GRANT and mortgage loan takes 3-4 days, and you can close within 30-45 days of your signed Purchase Agreement.

Do I have to repay the GRANT? 

These GRANTS are Non-Repayable Gifts without liens or second mortgages.

Can  you help me with a Second Home?

Only home buyers purchasing a primary residence.

What types of properties am I okay to purchase?

You are ok to purchase Single Family Detached Homes, Condos, Townhomes, Villas and manufactured homes.

My loan amount exceeds $453,100.00 or $721,000.00  will I still  qualify?

Yes, down payment assistance for all mortgage qualified Home Buyers.

Could I buy a foreclosed home?

Foreclosed homes are excluded at this time.

Do I need a bank account?                                                        .

You need a bank account and need to show two (2) months bank statements.

Do I qualify if I earn over 80% of my Area Median Household Income ?

Yes, provided that you have a loan approval. A loan approval qualifies you to receive a grant.

I found a home outside of the government “Designated Area will I still qualify?

Yes, Down Payment Assistance grant approvals for purchases closing in or outside of Gov Designated Areas or location.

My purchase price exceeds the government “Designated Purchase Price Limit” will I still qualify?

Yes,  Down Payment Assistance for home purchases exceeding Designated Purchase Price Limits. There is no price limit.

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