Down Payment Assistance takes many forms.
There are 2 types of Down Payment Assistance.
There are Government Down Payment Assistance Payment Assistance Programs and there are employer or non-profit paid Down Payment Assistance Programs .
Employer or Non-Profit paid DPA would be on a case-by-case basis and are not offered to the general public. If you have access to a program, Check with your Advent Mortgage loan consultant to structure a loan that will help you minimize your out of pocket expenses at closing.
Many state, county and local government programs offer Down Payment Assistance for qualifying low-to-moderate income families wishing to purchase their first home. These programs are generally city sponsored and vary from local to local. They generally offer $2,000 to $10,000 in down payment and closing cost assistance in the form of an interest free, forgivable loan. They are geared toward moderate to low income families and typically have strict income requirements.
Your Advent Mortgage consultant has access to a list of most DPA programs offered in the State of Texas. Call us for help locating a program.
Your Advent Mortgage Loan Consultant can help you to find a program to help with your Down Payment.