BOOK NOW
Get in touch
555-555-5555
mymail@mailservice.com

Variety of Down Payment Assistance Options for Clients

Contributors • Sep 01, 2020

More prospective homebuyers are inquiring about down payment assistance availability. As a mortgage broker, we can provide the greatest variety of options for your clients.

Prospective homebuyers are needing down payment assistance more and more. We can offer county DPA funds and many city programs. But as a mortgage broker, we also have wholesale DPA programs that offer expanded eligibility such as:

  • One underwriter reviews both 1st and 2nd mortgage
  • Expanded Automated Underwriting Debt to Income ratios are acceptable with minimum acceptable credit scores
  • Can qualify with income of borrower applying for loan only, rather than total household income

 

For more information contact us today or call 727-534-3445!

 


By Pam Marron 09 Apr, 2024
Three great tools that mortgage loan originators (MLO) can use to assist clients who need help with credit, down payment assistance and student loan repayment services have been used, fine-tuned and are already in use with individual MLO’s. These tools combined with the Freddie Mac HomeCoach automated system along with budgeting help and Homebuyer Education are all integrated in the HomePrep online platform that connects MLO’s with clients who have challenges to HUD counselors that get them mortgage ready.
By Pam Marron 09 Jan, 2024
Student Debt Solutions for Home Borrowers
By Pam Marron 28 Nov, 2023
By Pamela Marron, NMLS#246438 : Innovative Mortgage Services, Inc. NMLS#250769
Show More
Share by: