Down Payment Assistance

Up to $10,000 GRANT

This Special Purpose Credit Program (SPCP) is designed to provide down payment and closing cost assistance to support sustainable homeownership to individuals residing in eligible MSAs:

Eligibility:

  • Minimum qualifying FICO: 680

  • Only one borrower is required to be a First Time Home Buyer and must currently reside in eligible MSAs

  • No income limits

Net Tangible Benefits:

  • $10,000 down payment/closing cost assistance in the form of grants

  • $500 credit towards the cost of an appraisal

  • $500 credit towards the cost of a home warranty, if purchasing one

  • All the benefits of the HomeReady product

Timing:

  • Program and funds are subject to change or cancel at any time.

3.5% Down Payment Assistance FHA

A second mortgage of up to 3.5% to cover down payment and/or closing costs.

Eligibility:

  • Minimum qualifying FICO:

    • 600 AUS

    • 660 Manual

  • No income limits

  • Home buyer education required

Net Tangible Benefits:

  • Get your dream home sooner

  • Starting building equity sooner

Timing:

  • Program and funds are subject to change or cancel at any time.

CALIFORNIA Only

Check if the property you are looking to acquire has any down payment assistance that may apply to you.

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Equal Housing Opportunity © 2024 Apache Mortgage Inc, 14098 Edwards St, Westminster, CA 92683, 949-298-2980. NMLS ID # 2454357 DRE # 02209550 & 02031005. For licensing information go to www.nmlsconsumeraccess.org. Trade/service marks are the property of Apache Mortgage Inc and/or its subsidiaries or affiliates. Information is intended solely for mortgage bankers, mortgage brokers, and financial institutions. For more information, review Apache Mortgage Inc's state licenses and important notices. Co-op loans not available. Some products may not be available in all states. Information, rates and pricing are subject to change without prior notice at the sole discretion of Apache Mortgage Inc, Mortgage Broker. All loan programs are subject to borrowers meeting appropriate underwriting conditions. This is not a commitment to lend. Other restrictions apply. [05-2024]

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