Downpayment Assistance Program

Home Advantage also offers downpayment assistance.

This second mortgage loan program has a 0% interest rate, payment deferred for 30 years, and combines with the Home Advantage first mortgage loan program. Borrowers must meet the income limits for the Home Advantage Program first mortgage.

Eligibility Requirements

Maximum Income Limit of $145,000

Maximum Down Payment Assistance is 4.00% of total loan or 5% of Conventional HFA Preferred Loan

Program Requirements

Attend a Commision-sponsored hombuyer Seminar

Up to $10,000

Cash back to borrowers is not allowed

Borrower must use a qualified homebuyer program

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