Dan Stout, RMLO

Many people aren't thinking about buying a house when everything is so dang expensive, which is why this low down payment option exists. We can get you in with only 1% down with nearly no hoops to jump through as long as income is below a certain threshold, which in most cases is:

- Most areas in/around Houston: $82k to $98k or less
- Most areas in/around Salt Lake: $98k or less

Remember, Home USA does loans in Utah. Let me know if I can help you!

I’m excited to announce our new 1% down payment assistance program! What’s great about this? It’s not a traditional DPA program, meaning no huge list of extra hoops to jump through, no additional agency beyond the underwriter to approve the buyer, and no hiked up interest rate. Also…
🔹 NO MORTGAGE INSURANCE!
🔹 Loan is a 3% down with a 2% forgivable grant, giving the buyer 3% equity
🔹 2% grant is paid at closing and can be used towards down payment or closing costs (option to buy down the rate)
🔹 No geographical restrictions
🔹 Does not need to be a 1st time home buyer

What’s the catch?
🔸 Homebuyer must make 80% or less than the area median income (about 75k/yr for most of Fort Bend, Galveston, & Harris counties). Bonuses, OT, and additional applicant income does not need to be included if the borrower meets DTI requirements without it.
🔸 Max loan amount of $350k

A lot of people don't even know the difference between a broker/wholesale lender and a retail lender, let alone why one is better.. Brokers, like myself, can price your mortgage out to dozens of banks instead of you going to each by yourself (that would be nearly impossible anyway as it'd take weeks). Then, we deal with the bank so you don't have to, because no one in their right mind wants to deal with a bank themselves.

Proving that brokers are better Central to the association’s mission, message was furthered at recent gathering