Down Payment Assistance – aka DPA – is funds that are available typically to first-time home buyers to assist in the money needed to qualify and close on a home purchase. The program is available for FHA/VA loans and has a myriad of benefits for the first-time home buyer. Where many programs have low income ceilings, higher credit scores or other restrictions, the Home In % Platinum program makes funds available for buyers with average credit scores and reasonable household income limits.
Forgivable Money!
Another exceptional feature of the Home in 5 Platinum program is that the money granted is forgivable after 84 months of residency. That is to say, if you stay in the home for seven years, you don’t have to pay it back. This does not mean that you cannot sell the home in that time, you can! However, if you keep it for the full 84 months, you will not have to pay it back.
Home Buyer Made Easier!
The process is easy. Complete the online application. Learn how much money you are qualified to recieve and the loan amount to purchase your home, let’s go shopping to find your first home and become a homeowner! Contact Nathan Jenson at Waterstone Home Mortgage for full details.
Home Prices & Rent Continue to Go Up!
It’s no secret that rent continues to climb. And, regardless interest rates, home prices are either stable or increasing as well. The fact is you are paying somebody’s mortgage… why pay the landlord’s mortgage when you can start paying your own. Today, sellers are offering concessions to help with closing costs AND loan programs like the Home in 5 Platinum down payment program offer lower fixed rates along with down payment assistance. The may never be a better time to buy your first home.
20% Down Is NOT Required
Zero Down, 3.5%, 5% loans with excellent terms exist, especially for YOU the first-time home buyer. Dont take your friend’s word for it, or worse watch the ridiculous self-proclaimed “guru” shorts on the internet. Get the facts today so that you can make an informed decision. Here are just a few of the great benefits
- 4% in down payment assistance at a 6.09% rate
- Assistance is forgivable after 84 months
- FHA/VA loans
- All of Maricopa County except for Paradise Valley
- Buyers must be first-time buyers (possible exceptions for veterans!)
- Minimum 640 credit score
- Sales Price Limit – $543,644 ($664,453 for targeted areas)
- High Household Income Limits
Call or email Nathan for a free no obligation discussion. Nathen Jenson at 480-229-9717 or email njensen@waterstonemortgage.com
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