We’re always asked if we have lenders with access to downpayment assistance. The answer is yes. All of our lender partners have access to downpayment assistance, but our in house broker at Kale Realty has a near Nationwide Downpayment Program. The short 7 minute video below explains the 3 programs.
- 3.5% Forgivable downpayment assistance- Princeton Mortgage provides a downpayment assistance gift that you do not have to payback as long as you make on time payments for 5 years. At the time of this post it only requires a 620 FICO.
- 6% closing costs assistance- Take your purchase price and multiply it by 6%.
- 3.5% downpayment assistance as a 2nd loan.
Available in Illinois and Indiana. You can also use these loans if it’s time to exercise your option to purchase if your in one of our rent to own or lease with option to purchase homes.