What is Down Payment assistance?



There are over 2,500 programs across the country that provide down payment assistance to qualified borrowers, most often first-time homebuyers. In the mortgage world, the definition of a “first-time homebuyer” includes people who have owned a home in the past but not in the last 3 years. It’s definitely worth checking, to see if you qualify, even if you think you probably don’t.

Often this assistance comes in the form of a grant or forgivable second mortgage loan – money that does not need to be repaid as long as certain conditions are met.

Those conditions vary widely from program to program, but could include:


  • Property location

  • Property price

  • Income limits

  • Your length of time in the home

  • Participation in a homebuyer education course


There are also some programs out there with special eligibility. For example, you could qualify for special assistance if you belong to a certain demographic (i.e., Native American) or work for the U.S. Military or in education, law enforcement or healthcare.


Please keep in mind that there are excellent opportunities available in our South Florida market to own prime Real Estate at a great value. Give me a call or drop me a line and bring me up to date on your current home buying situation so I know how to proceed on your behalf.



I will help you with everything from finding the right home to finding the right lender to negotiating the repairs to getting the keys to your new home.



I look forward to meeting you and working to make home buying a positive experience!

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