STATE AND LOCAL HOUSING PROGRAMS
Down Payment Assistance / Tax Credit Programs
Many state, county, and local government programs offer down payment and closing cost assistance to qualifying low-to-moderate income families wishing to purchase their first home.
FIRST-TIME HOME BUYERS
Down Payment Assistance Programs
For these programs, a first-time homebuyer is someone who has not owned and occupied their home in the last three years. There is a wide range of programs available for qualified buyers, including FHA, VA, and Conventional programs.
To learn about the current programs available and to find out if you qualify for a down payment assistance program, contact one of our loan officers today.
GOVERNMENT ASSISTANCE
Tax Credit Programs
Many state, county, and local government programs offer financing for qualifying low-to-moderate income families wishing to purchase their first home.
Loan assistance programs like Mortgage Credit Certificate (MCC) offer a partial tax credit for interest on the loan.
Assistance programs typically offer:
- Lower upfront fees
- Lower interest rate
- Fixed rate
