With a Down Payment Assistance Program, Make Home Buying a Reality
You’ve found your dream home and your lender has approved you for a mortgage. But there’s one catch – you’re short of the cash you need for a down payment.
If you’re not familiar with a down payment assistance program and are unsure of how they can help you secure financing, you’re not alone. 70% of U.S. adults are unaware of down payment assistance programs in their community according to a recent survey from NeighborWorks America.
FHA Down Payment Assistance
On Q Financial has a large variety of programs that could help cover some or all of your down payment on your next home. Best of all, some are grant programs that don’t need to be repaid!
There are hundreds of millions of dollars available for down payment assistance right where you live. Many government agencies at the state, county, and city level provide financial assistance for people in their communities who are well qualified and ready for homeownership.
Homebuyers with little money for a down payment are also finding more home loans available with a low down payment or in some circumstances, no down payment.
Not sure how to get started or if you’ll qualify? Contact an On Q Mortgage Consultant for more information on specific programs in you area, and a free, no obligation mortgage evaluation to see if you might qualify for a down payment assistance program.