NEW Down Payment Assistance Program

We have added a new down payment assistance program where eligible home buyers can receive up to 100% financing. This program is not limited to first time home buyers and there are no income limits with an FHA mortgage as the first lien. Would you like more good news? The down payment assistance is in the form of a second mortgage with a 5-year forgivable option OR a 10-year repayable option.

Here’s more: [Read more…]

Limited Time Offer: WSHFC is offering grants for closing cost!

Last night, the Washington State Housing Finance Commission announced it is offering grants to help with down payment and closing cost for buyers when they use specific programs offered by WSHFC. This is very helpful in a “seller’s market” where sellers are very unlikely to contribute towards closing cost for a potential buyer. [Read more…]

NHF Grant Platinum Program to be suspended

2013-03-07_0746Well it looks like the National Homebuyers Fund Platinum  will be suspended as of February 29, 2016. The lender backing this grant program will no longer be accepting new loans.

If you are preapproved to buy a home and are planning on using the NHF Grant program, you may want to contact your mortgage professional to come up with another plan. [Read more…]

NHF limits Grant Amounts based on Credit Scores

2013-03-07_0746The National Home Buyers Fund (NHF) recently made changes as to how much grant funds a home buyer may be eligible for.  The grant funds are available to help qualified home buyers with funds for closing cost and down payment. Unlike other forms of down payment assistance, grant funds are not repaid by the home buyer – it’s kind of like a gift from a rich uncle or aunt that you didn’t know you had. 🙂  You can learn more about the NHF Grant program by clicking here.

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Washington State Down Payment Assistance Programs and Grants

2013-03-07_0746Washington State home buyers have several various down payment assistance programs available and they’re not just limited to first time home buyers.  These funds can go towards closing cost and the down payment of primary residence.

Here’s an updated list of what I have available.

[Read more…]

Grant Down Payment Assistance: a Seattle Real Estate Chat Video

I’m real excited that we’re able to offer the NHB Grant Program at our company.  During this week’s episode of Seattle Real Estate Chat with Jim Reppond, we covered some of the details about this down payment assistance program that home buyers do not pay back.

If you are interested in this or any mortgage program for homes located in the state of Washington, please contact me.

National Home Buyers Fund Down Payment Assistance now available!

2013-03-07_0746EDITORS NOTE: It appears as though this program is being suspended effective the end of February 2016. If you’re considering using a grant, you might want to check out other down payment assistance options such as Home Advantage.

I am just learning about a down payment assistance program (dpa) that I now have available at Mortgage Master Service Corporation. The NHF Platinum Program is a little different than what you may be used to as it’s a grant that does not have to be repaid.

[Read more…]