Down Payment Assistance

Join us on an informative episode of "Down Payment Assistance" as we explore the valuable role of down payment assistance mortgages in addressing housing affordability concerns. We begin by examining housing affordability issues, drawing upon the Zillow Home Value Index as a reference point. Additionally, we analyze the market shifts that have occurred between 2020 and 2023. Delving into down payment assistance loans, we focus on two specific programs: the HomeTown Heroes loan offered by FHFC and the Movement Boost loan. While most down payment assistance loans are tailored for first-time homebuyers, we highlight the unique feature of the Movement Boost loan that allows repeat buyers to benefit. Furthermore, we explain how veterans can utilize the HomeTown Heroes loan without being restricted to first-time homebuyer status. Tune in to discover the ins and outs of down payment assistance and how these programs can facilitate your path to homeownership.