If you work for a GFSA Member County, you may qualify. This program provides down payment and closing cost assistance (DPA) up to 5.5% along with competitive First Mortgage interest rates.
The main DPA is in the form of a deferred Second Mortgage at 3.5% of the first Mortgage loan amount. Additional DPA is available in the form of a Gift, up to 2%, for a total of up to 5.5% in DPA for eligible borrowers.
- Variety of Mortgage Loan options (FHA, VA, USDA, & Conventional)
- No first-time homebuyer requirement.
- Flexible guidelines: Minimum FICO 640; Max DTI 50%
For more details, and availability information download the flyer.