Up to 5% Grant Programs
Our grant housing programs help meet the needs of many renters. Because of the restrictions put on lending in recent years, there is a significant need for home financing by those who have good credit and a responsible debt burden, but who have been unable to put aside sufficient funds to provide a down payment. There is also a significant number of borrowers who would rather save the nest-egg they have carefully amassed for a rainy day rather than use it for a down payment.
Through the grant, borrowers that meet our credit score and income requirements and who can otherwise qualify for an FHA loan, can receive a first mortgage and a second mortgage or grant to cover their 3.5% minimum investment requirement.
At Drop The Rent we are always striving to help increase home buying opportunities for individuals and families. Call us today for further detailes