Down Payment AssistanceSearch

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Down Payment Assistance SearchAre down payment assistance programs really available?

Yes.

Depending on where you live, what kind of income you have and what type of property you want to buy – you may qualify for any one of the many different down payment assistance programs or home ownership assistance programs in your area.

Down payment assistance programs are popular – but many people don’t know where to find the right information about the programs available and how to get qualified. Even harder, it can be difficult to find a lender or a Realtor who is knowledgeable about the programs and who can help point them in the right direction to get more information.

This is why we created DPASearch.com.

Biggest Obstacle to Homeownership?

Loan ProgramsThe current trend in the mortgage business is that lenders seem to be expanding their guidelines and offering more loan programs. So if you find that you cannot qualify for any kind of loan program (and chances are that you can qualify for something), be sure to keep an open dialog with your loan officer about the types of loan programs that lenders are just coming out with. Just a few of the long-standing loan programs that are available for people who are interested in buying a home include:

FHA loansVA loansUSDA loansConventional loans

Getting The Best Deal

When shopping for a loan that you can use with downpayment assistance, getting the best deal often may mean working with not only a loan officer who is knowledgeable, but that the loan officer works at a lender who offers great rates and closing costs.

As with loan officers, lenders are often different and offer different rates and fees. The best way for you to know which loan officer and lender are right for you is to get multiple quotes from multiple FHA approved lenders. Getting a quote involves speaking with a loan officer, providing the requested information and then getting a written quote in writing.

When buying a home, it is also a good idea to get pre-approved so that you know you can qualify as well as how much you can qualify for. Getting pre-approved and shopping multiple lenders is easy, but it does take a few minutes. We have made it easy to shop and compare lenders with our lender matching service.

Information Provided By:

About Justin McHood:Justin McHood is Americas Mortgage Commentator and has been providing Mortgage commentary for over 10 years.

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