Downpayment Assistance Program

Home Advantage Needs Based Downpayment Assistance Program Up to $10,000, for borrowers using our Home Advantage loan and under certain income limits

This second mortgage loan program has a 1% interest rate, payment deferred for 30 years, and also combines with the Home Advantage first mortgage loan program.

Eligibility Requirements

Per your lender, you qualify for a loan amount of up to $10,000 (with the exception of Veterans)

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

Program Requirements

You have attended a Commission-sponsored homebuyer seminar PRIOR to reserving funds under the Home Advantage Program

Cash back to borrowers is not allowed

You as the borrower are using a qualified homebuyer program

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