FHA "Advantage" Program with Grant |
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Affordable Home Loans is proud to announce an even wider ever-expanding array of programs to find the perfect fit for our borrowers.
As of February 2018, we will be offering a nationwide down payment assistance program. This DPA is provided by an approved governmental entity which you may use with either the standard FHA 203(b) program or any of our FHA renovation programs.
Found a home in the perfect location, but the house needs some TLC? This program may be just the thing!
This completely forgivable grant, equals 2% of purchase price and may be combined with up to 6% seller concession for closing costs. There is no resale or borrower repayment restrictions.
Who can qualify?
*** First-time home buyers, OR
*** Any borrower on the loan application who is a current, retired, volunteer or non-paid:
• first-responder (police officer, firefighter, public safety officer, paramedic, emergency medical technician (EMT), including
volunteers or similar);
• educator;
• medical personnel (nurse, doctor, phlebotomists, health ambassador, or hospital, American Red Cross worker, or similar);
• civil servant in a federal, state or local municipality; or
• military personnel
Restrictions: Must be primary residence. Total borrowers income is equal or less than 140% of median area income (check this website: https://homeready-eligibility.fanniemae.com/homeready/ )
For more information, please complete the "Contact Us" form below.
As of February 2018, we will be offering a nationwide down payment assistance program. This DPA is provided by an approved governmental entity which you may use with either the standard FHA 203(b) program or any of our FHA renovation programs.
Found a home in the perfect location, but the house needs some TLC? This program may be just the thing!
This completely forgivable grant, equals 2% of purchase price and may be combined with up to 6% seller concession for closing costs. There is no resale or borrower repayment restrictions.
Who can qualify?
*** First-time home buyers, OR
*** Any borrower on the loan application who is a current, retired, volunteer or non-paid:
• first-responder (police officer, firefighter, public safety officer, paramedic, emergency medical technician (EMT), including
volunteers or similar);
• educator;
• medical personnel (nurse, doctor, phlebotomists, health ambassador, or hospital, American Red Cross worker, or similar);
• civil servant in a federal, state or local municipality; or
• military personnel
Restrictions: Must be primary residence. Total borrowers income is equal or less than 140% of median area income (check this website: https://homeready-eligibility.fanniemae.com/homeready/ )
For more information, please complete the "Contact Us" form below.
