AFR announces homebuyer program to grant 2% of purchase price, 6% of closing costs
DPA Grant from AFR for 2% Grant to Buy a Home Down to a 580 Credit Score. 1.5% still needed from borrower to satisfy FHA loan requirements
American Financial Resources announced its new down payment assistance program that will provide grants for homebuyers, and caters especially to teachers, military members and first responders. The program will grant up to 2% of the purchase price and up to 6% of closing costs.
Source: AFR announces homebuyer program to grant 2% of purchase price, 6% of closing costs
DPA Advantage Program Guidelines
Borrower Eligibility – Must meet one of the following three categories outlined below
- First-time Home Buyer
- Purchasing the subject property
- Will reside in the subject property as their principal residence
- Has no ownership interest in any residential property, for a period three years prior to the date of application.
- The exception will be for an individual who is a homemaker…
View original post 715 more words
Kentucky First-Time Home Buyer Programs | USDA, FHA, VA & KHC Loans 