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    Downtown Financial Group > Loan > Down Payment Assistance

Down Payment Assistance

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About Down Payment Assistance

The Down Payment Assistance program exists to reward homebuyers who have high credit scores and would like the option to come in with a lower down payment.

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Types of Loan

Exists to help home buyers who have a minimum credit score of 640 and would like the option to come in with a low down payment, in order to support first time home buyers.

Conventional Loans

FHA Loans

Niche Occupation Loans

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Features of Down Payment Assistance

All loans are not created equal, Down Payment Assistance has become a great option for people to use.

Get rewarded for qualifying credit

Down Payment Assistance is available only to those with a credit score of 640 or higher.

Reduced Mortgage Insurance

Being able to qualify for the down payment assistance program can mean that you are eligible for having a reduce mortgage insurance.

Come In With Less Money Down

If you would like to use some of your saved money towards other amenities or repairs for your homes, using down payment assistance can help you hold onto your savings now.

Down Payment Assistance - Eligibility

Income limits apply and may change based on geographical areas. A minimum credit score is required.

Income

Your income limits depend on your geographical area. Some areas do not have income limits.

Credit Score

Applicant should have the bank specified credit score beginning at 640 +

Frequently Ask Questions

Who typically applies for Down Payment Assistance?

We have had various borrowers apply for Down Payment Assistance. These borrowers range from families with great credit who do not have enough saved up for a down payment, to families who want to avoid using all of their savings for a down payment.

How can I find out what the income limits are in my area?

Apply for a free prequalification and your loan officer can let you know the limits in your area.

Do i have to commit if i apply?

Apply for a free prequalification and your loan officer can let you know the limits in your area.

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Now apply for a Down Payment Assistance online, All you need to do is provide your details below application form.

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  • - Select Loan Purpose-
  • Purchase
  • Refinance
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  • - Select Credit Profile -
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Our goal at Downtown Financial Group is to provide access to the best mortgage loans with competitive interest rates. As mortgage experts we find the best home buying and refinancing program for you!

15250 Ventura Blvd #410
Sherman Oaks, CA 91403

(818) 396-3335

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