Down Payment Assistance
Flexible down payment assistance programs for people from all walks of life.
Ask us about our innovative down payment assistance programs, some of which do not have income limit restrictions.
What down payment assistance programs are available at Freedom First?
We have access to a wide range of programs that can help our borrowers secure funds for a down payment. Some programs are federally funded and have income limit restrictions, while others are funded independently and are available to all income levels.
Why would a homebuyer need down payment assistance?
Many individuals have a steady income and good credit. However, they may not have enough savings for a traditional down payment. Down payment assistance provides a solution to help with the minimum amount needed to purchase a home.
How much money do I need for a down payment?
It depends on what type of loan you are getting. Some loan programs only require a down payment of 3.5-5% of the purchase price, while others may require the traditional 10-20% to secure the loan. Speak with one of our housing advocates to find the loan program that's the right fit for you, and we will also help you research the best down payment assistance options to match.
What costs are covered by down payment assistance?
It depends on the program - restrictions will vary. But we do have options that can cover closing costs, and some borrowers may even qualify for $0 out-of-pocket. Speak with one of our experts to see if any of these options work for you.
How do I get access to down payment assistance?
We are here to help you walk through every step of the way. Any one of our mortgage experts can help you figure out which programs you qualify for during the application process. Or, if you're not sure where to start, contact our team using the form below and they'll point you in the right direction!
We're Here to help.
Our local mortgage experts are just a call or click away if you have any questions about buying or refinancing a home!
Note: The HMDA data about our residential mortgage lending are available online for review. The data show geographic distribution of loans and applications; ethnicity, race, sex, age, and income of applicants and borrowers; and information about loan approvals and denials. Visit https://www.consumerfinance.gov/hmda.