Do you want to buy a house, but you’re having trouble saving the funds to put that large initial payment down on your mortgage?
Don’t despair! We can help you find solutions that’ll have you walking through your own front door in no time.
What’s a Mortgage Down Payment?
A down payment is a sum of money dependent on the purchase price of the home and the loan product selected. If you fail to make payments on your mortgage, the bank is at risk of losing money and you will be in default of the loan. This is where a Mortgage Grant comes in to help save the day.
Since many mortgages down payments reach costs in excess of $10,000 or more, many low and medium-income households in the U.S. have trouble saving up enough money to buy their own home. Luckily there is a variety of Foundation, government and nonprofit programs that can help.