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Advance payment assistance Loan programmes
A significant obstacle for many individuals is the advance payment needed to buy a house. To lower this obstacle, we offer down payment aid lending to home buyers using our Home Advantage and House Key mortgage programs. Like always, we recommend that you attend a home buyer training course and join one of our qualified creditors who is familiar with our programs.
Where can I get this support? Advance payment is only available to home buyers using our Home Advantage or Opportunity programs. You are likely to be entitled if your home earnings are below programme thresholds (up to $145,000), your minimum rating is 620, and you otherwise qualify for a home loan.
What support can I get? The amount differs according to the programme (see above list), but $10,000 is the mean amount for a home buyer. So, it's a loan I repaid? Interest rates are very low, between 0% and 4% according to the programme. This will be included in your principal mortgage so that you do not have to settle two invoices.
Most of our down payments are also delayed - that is, no payments are due until the mortgage is repaid or until you have sold, transferred, moved out or refinanced the real estate. You' ve got a bunch of downers. Contact your creditor - or fill out this fast track information sheet with information about your home office, your budget and your incomes.
Mortgage amounts of up to 4% for Home Advantage loans and up to 5% for HFA Preferred loans. $10,000 for up to $10,000 for borrowers who use our Home Advantage loan and are below certain incomes. $10,000 for up to $10,000 for borrowers who use our house key opportunity loans.
$15,000 for purchasers with a handicap or handicapped members of their families who live with them. Until $55,000 for shoppers within the Seattle perimeter. $30,000 for purchasers within an Arg member town or region (East King County). $40,000 for those who buy within the Bellingham area.
$20,000 for shoppers within the Tacoma area. $24,900 for individuals who buy within the borders of Pierce County.