Your Preferred Lender - Gabriel Johnson

Survey Finds That Service Members, Veterans Are Optimistic About Home Buying In 2023 — Forbes More than half of current service members anticipate buying a home in the next two to three years.

Down payment assistance is available currently, up to 4% of the loan balance. The interst rates are higher when DPA is chosen, and they are selected by TSHAC.

Real Scenario:
A client with a 650 score can currently obtain a 4.5% rate on a client paid FHA mortgage. If they decided to go with 4%DPA, their rate would be 7.125%. The amount of money given by TSHAC would be $9,457, which is $882 more than their down payment of $8575 on their $245,000 home. So for the money given of $9,547 by TSHAC, their monthly payment will be $402.30 per month higher.

Down payment assistance is available for clients who need it, but if it can be avoided, I guarantee you I will find a way for you! Message me with any questions, and let’s get you into a home 🏡🔑