06/13/2023
β¨π Introducing the Down Payment Assistance (DPA) Empowered Program: The Ultimate Money Saver for Home Buyers! π β¨
Are your clients struggling to save up for a down payment? πΈ Or perhaps they simply want to retain more cash in their pockets? π€ We've got the perfect solution! Introducing our Down Payment Assistance (DPA) Empowered Program, designed to help home buyers save thousands of dollars! π°
What makes our program stand out? π
1οΈβ£ 3.5% Forgivable Grant: Based on the purchase price, our Empowered Program offers a generous 3.5% forgivable grant, unlike most DPA programs that come with a second mortgage. π«
2οΈβ£ Grant Forgiveness on DAY ONE: That's right! Your clients can refinance after just 210 days, as our grant is completely forgiven from day one. π
3οΈβ£ Flexible Requirements: With a minimum credit score of 620 and a maximum DTI of 48.99%, our program is accessible to a wide range of applicants. π¨βπ©βπ§βπ¦
4οΈβ£ Interest Rate: At 7.75%, it is a high interest rate, but you only have to stay in the loan for 210 days. π
5οΈβ£ No Worries about Closing Costs: Though closing costs can be steep, the good news is that the seller is permitted to cover ALL of these expenses. π
6οΈβ£ Inclusive Eligibility: Whether your client is a first-time homebuyer, first responder, volunteer, medical professional, or an individual with income less than 140% of AMI, they could be eligible for our program! π
Got questions or specific scenarios to discuss? π€