For many first time buyers, saving for a down payment is one of the biggest challenges to home ownership. Summit Mortgage offers several programs that offer assistance to homebuyers. Contact us to see if you qualify for one of our down payment assistance programs.
Some states offer grant programs for first-time homebuyers, low-to-moderate income individuals and families looking to buy a home. With down payment grants, the funds do not need to be paid back.
You don’t need to put 20% down to buy a home. We offer low down payment options with as little as 3% down. Some states offer government sponsored programs to make low down payment programs even more affordable.
Down payment assistance programs can also be offered in the form of a loan, often tacked on to the primary home loan to assist cash-strapped buyers. Many areas also offer tax credit programs offering additional financial incentives for home buyers.
There are many options for down payment assistance programs which can vary greatly depending on your state. Please contact me to find out if you qualify for any down payment assistance programs in your area.
