Welcome Home Grants
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If you have not purchased a home in the last 3 years, you are considered a first-time home buyer!
Worried that you can’t afford a down payment on a home? Here’s some good news: Below are the available down payment assistance grants, you might qualify for.
You can use these programs to purchase brand-new homes!
ITIN-Dreamer's Grant
ITIN-Dreamer's Grant
100% Financing
PROGRAM HIGHLIGHTS:
100% financing available with 3.5% down payment assistance (applies for ITIN borrowers also)
U.S. Government ID Card, Matricula Consular ID, or Passport from country of origin
Minimum FICO Score is 580 (W2) or 620 (Self-employed)
1-year tax returns or 3 months bank statements with a profit & loss (P&L) letter
Primary borrower must occupy
Employment in the same or similar line of work for a consecutive number of years is eligible. (can be salaried or self-employed)
Nationwide Down Payment Assistance
Nationwide Down Payment Assistance
Available in all 50 States
PROGRAM HIGHLIGHTS:
Zero Down Programs
No borrower investment required
Minimum FICO Score is 600
No income limits
Borrower Income, not household income
Forgivable second: 2nd mortgage forgiven after 3 years of on-time payments on the first mortgage
Rate Advantage: Low interest rates on the 1st loan
Debt-to-Income Ratio based on AUS Findings
One set of guidelines for all states
Do not have to be a First-time Homebuyer (with exception of our Standard 97% Conventional)
Easy for borrowers to qualify
Zero Down Grant
Zero Down Grant
PROGRAM HIGHLIGHTS:
Down payment assistance at up to 4% of total loan amount
Out of pocket cost only 2.5% of loan!
Forgivable after 3 years (if you stay in your home)
Attractive, 30-year fixed interest rate Statewide program (NV)
PROGRAM REQUIREMENTS:
Must be a first-time homebuyer (have not owned a home in the past 3 years)
Maximum purchase price & income limits by county (ask me for more details)
Minimum credit score of 660
Must live in home as primary residence
Must meet standard underwriting requirements
Homebuyer education required
NO Credit, NO Problem Grant
NO Credit, NO Problem Grant
PROGRAM HIGHLIGHTS:
Zero closing cost mortgage solution for first-time homebuyers
Available in designated markets, including certain Black/African American and/or Hispanic-Latino neighborhoods in Charlotte, Dallas, Detroit, Los Angeles, and Miami.
Aims to help eligible individuals and families obtain an affordable loan to purchase a home.
Uses credit guidelines based on factors such as timely rent, utility bill, phone, and auto insurance payments.
PROGRAM REQUIREMENTS:
Requires no mortgage insurance or minimum credit score.
Individual eligibility is based on income and home location.
Prospective buyers must complete a homebuyer certification course (Ask me for more info about this) and HUD-approved housing counseling partners prior to application.
INTERESTED IN ANY OF THE DOWN PAYMENT ASSISTANCE GRANTS ABOVE?
INTERESTED IN ANY OF THE DOWN PAYMENT ASSISTANCE GRANTS ABOVE?
Please note that if you're approved for one of these grant programs, Monique Buchanan will serve as your Realtor, as she is the preferred agent for our grant specialist.
If you are already working with another Realtor under an existing agreement, please contact them regarding any grant opportunities they may offer.
If you'd like to move forward, we'll send you a Buyer's Brokerage Agreement (BBA). This required agreement establishes Monique as your Realtor.
Once the signed BBA is received, we'll get you started right away.
Please click below to fill out the Application Form.
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Did not find what you're looking for above? Then these programs might be the one for you.
Reverse Mortgage (Designed for Seniors)
Reverse Mortgage (Designed for Seniors)
About the Program:
Unlike a traditional home equity loan, such as an FHA or refinance loan that you begin paying back soon after your loan closes, a reverse mortgage doesn’t have to be repaid until you leave your home or do not comply with all loan terms.
You must continue to maintain your property and pay property taxes and homeowners insurance.
In addition to having no monthly mortgage payments, you will receive tax-free proceeds from your reverse mortgage loan, and you can designate how you want to receive them.
Reverse mortgages were specifically designed to help those 62 and older supplement their retirement.
To be eligible for a reverse mortgage, you must at a minimum:
Be 62 years or older (a non-borrowing spouse may be under age 62)
Own and live in your home as your primary residence
Undergo a financial assessment to ensure a reverse mortgage can serve you as a sustainable, long-term retirement solution
Receive counseling by an independent, HUD-approved third party to confirm you understand your obligations and responsibilities with a reverse mortgage
Maintain the property and continue paying property taxes, homeowners insurance, homeowner association, and any other applicable fees
Check out our Listings!
MEET YOUR REALTOR®
Monique Buchanan
Your Local Real Estate Professional & Host of FM 91.5 Welcome Home Show.
My years of full-time experience in the Real Estate industry have given me a clear understanding of the mindset of home buyers and sellers, and a thorough understanding of the regional marketplace, including all of the variables that go into a real estate deal.
As the trusted realtor for my clients, I understand that selling or buying a home is a complicated and very personal process. There's a lot on the line, both financially and personally. This perspective on the process, as well as the sense of responsibility I have toward my clients, motivates me to be a true expert at what I do.
My priority is to make my clients happy. I listen to their needs to achieve the best outcome in every transaction, and I strive to ensure that the buying or selling process is fun, easy, and stress-free.
As a buyer, you want a patient, yet assertive partner to help you to buy the right home for you, at the best possible price. As a seller, you want to effectively market the home and then negotiate to secure the highest possible price and cleanest terms for the sale. This is where I step in to work with you as your consultant and will navigate the entire process for you!
My goal is not to just sell homes, it is to achieve the goals and dreams of those I assist. I do my best to go above and beyond my duty as a Realtor.
Have any Questions?
Have any Questions?
Contact welcomehomeshow91.5@gmail.com for any questions about real estate
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