• Luxury Down Payment Assistance program for High Priced Homes

Luxury Down Payment Assistance program for High Priced Homes

Provides 1:1 matching funds up to $50,000.

  • Assistance must be repaid when the property is sold.
  • Program designed to help avoid Private Mortgage Insurance because of much larger down payment.
  • Increases the ability to purchase a larger home without Mortgage Insurance.
  • Mortgage payments are lower because of Non- Jumbo interest rates and no mortgage insurance.
  • Appreciation equity is divided 50% between the Owners and the Lender when the Property is sold.
  • Equity that results from Owner paying down the mortgage is Owners equity alone and not split with Investor.
  • Primary Residences only.
  • 1003 Income only.
  • No Income Limits.
  • Maximum purchase price $500,000.
  • Fannie Mae (DU Approval Required)
  • No Bankruptcies in the last 4 years and no foreclosures, Deed in Lieu, or Short Sales in last 7 years
  • Minimum middle credit score 640 with DU approval.
  • No Prepayment Penalty Fee if the loan is paid out early.