Partners Services: Down Payment Assistance
In collaboration with Real Estate Mortgage Grants and Down Payment Assistance, Inc., a 501c(3) non-profit organization. A plan to create 1 million new homeowners.
- No income restrictions
- Close withing 30-45 days
- 56% max debt to income ratio
- Not limited to 1st time home buyers
- 58 minimum credit score
- No bankruptcies or foreclosures in last 3 yrs. 2 yrs may be acceptable if due to loss of income.
- Only properties listed on the MLS are eligible for downpayment assistance.
- Credit assistance for those with credit scores below 580
- 660 an above credit scores eligible for zero out of pocket at close
- Zero out of pocket at close for VA & USDA
- Other fees apply for credit report, home inspection and appraisal, earnest deposit to homeowner; minimum of $3,000 recommended.