Down Payment Assistance

Down Payment Assistance - This Close

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At US Lending our focus is finding SOLUTIONS for your unique situation. Our loan officers are here to help you navigate the world of Down Payment Assistance (DPA).

There are several programs & options available that can provide the down payment assistance you need.

1. GIFTS – Monetary help from family and in some cases, others.

2. GRANTS – Income-based assistance from federal, and state agencies that generally doesn’t have to be repaid.

3. SUPPLEMENTAL LOAN PROGRAMS – These range from interest-free, forgivable loans to interest-free deferred-payment loans and even low-interest rate loans, often based on income and other eligibility requirements.

We will also highlight some specific down payment assistance programs:

BorrowSmart by Freddie Mac

We are pleased to offer Freddie Mac’s BorrowSmart, which can provide up to $1500 as a grant for your down payment or closing costs.

  • Based on area median income and other eligibility requirements
  • May be used in conjunction with other first-time homebuyer & down payment assistance programs
  • Requires pre-purchase homebuyer financial counseling.

For more details and availability information download the flyer

GSFA Member County “Assist-to-Own”

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.

Program Highlights:

  • 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.


For many families, the down payment can be the most challenging part of the home-buying process. Fortunately, you have options to help you come up with the sum. There are 3 primary ways to augment your down payment resources, including gift funds, grants, and down payment assistance programs.


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For conventional loans, it’s typically defined as any amount that equates to more than half your total monthly qualifying income.

This gift needs to come from a family member, which can include anyone from spouses to step-aunts, adopted cousins, grandfathers-in-law, etc.


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Down payment assistance grants are offered through government agencies like the Department of Housing and Urban Development (HUD) & through nonprofits.

Though these mortgage programs can vary by state, amount, & requirements, they typically take into account the home price & geographic area, as well as your income & credit score.


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Down payment assistance loans are a broad category that can range from interest-free, forgivable loans to interest-free deferred-payment loans and even low-interest rate loans.

Some of these programs require income limits, approved geographic locations, purchasing a home below the given median home price for that area, how much money you’re able to put toward your down payment, and more.

To learn more about these down payment assistance options contact us!

Bottom line: When it comes to the down payment, you may have more options than you thought.

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A trusted US Lending Loan Officer is here to help you find the solutions to get you into your dream home. Any questions, feel free to give us a call!

Or simply fill out the short contact form on this page. We will be in touch to schedule a free, no-obligation call or meeting at your convenience.

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