Down-payment assistance programs are designed to assist borrowers who might otherwise be shut out of the homebuying market, but if you're thinking of buying a home, don't let the fear of a big down-payment hold you back. These programs are intended to help borrowers bridge the gap between their savings and the amount required for down-payment. This can be in the form of a grant or a low or no interest loan.
There can be strict requirements, such as a certain income in a given area, limited liquid assets available to you, and a credit score of at least 640, but for those who qualify, this assistance can be just what is needed to help them achieve the dream of homeownership.
Northstar Mortgage
2955 Horizon Park Drive, Ste. A
Suwanee, GA 30024
770-995-8078
Northstar Mortgage NMLS# 158531 / Georgia Residential Mortgage Licensee # 14112