Giving Season: Down Payment Resource Donates $10k to a Fund Supporting Minority First-time Homebuyers on Behalf of Customers
Homebuyers are wondering what COVID-19 will mean for their home financing plans. Will down payment assistance be available? Are low down payment loans still available? What about credit score and employment verification changes?
The good news is that down payment assistance programs and low down payment loans are still widely available. However, the market is very fluid and some programs modified eligibility requirements and made process changes.
1. Research down payment assistance programs that may work for you.
2. Interview 3 mortgage lenders who participate in down payment assistance programs (ask them what programs they offer).
3. Take online homebuyer education — most certificates are good for a year and you’ll be ahead of the game.
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