Featured Home Loan Programs for First Time Buyers
Grants (Free Money)
Down Payment Assistance
Closing Cost Assistance
GRANTS aka FREE MONEY
Program 1
Up to $10,000 Grant (FREE MONEY)
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 / Qualification:
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
Benefit:
Never gets repaid
FREE MONEY
Refinance any time!
Program 2
1% Down + 2% Grant (FREE MONEY)
Start your homeownership journey with only 1% down and the bank will GRANT you 2%. You will still be responsible for additional closing costs.
Eligibility / Qualification:
Minimum qualifying FICO: 620
Income must be 80% of AMI
Only one borrower is required to be a First Time Home Buyer and must currently reside in eligible MSAs
Benefit:
Never gets repaid
FREE MONEY
Refinance any time!
0% Down Payment FHA
3.5% Soft Second Down Payment Assistance
3.5% is a 10yr fully amortized second mortgage (monthly payment required)
Note rate of 2nd mortgage is 2% greater than note rate of FHA first mortgage
Eligibility / Qualification:
Minimum qualifying FICO: 600
Only one borrower is required to be a First Time Home Buyer and must currently reside in eligible MSAs
No income limits
Otherwise, normal FHA guidelines
Benefit:
Get into your home sooner
Owning instead of renting
Opportunity to create wealth sooner
Closing Cost Assistance
What are closing cost credits or assistance?
We can offer closing cost credits to help off-set some of the closing costs related to appraisal, escrow, title, attorney fees and government fees by in exchange of a higher rate.
With anticipation of future rate cuts, this could be advantageous for some borrowers, resulting in more savings.
Benefit:
Reduce or eliminate out-of-pocket closing costs
Retain more cash for moving and furnishing expenses
Opportunity to create wealth sooner
Feel free to consult with us if this is an option you'd like to explore.
You may be able to negotiate additional seller concessions to help with closing costs, too.
Home Wealth Check
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Equal Housing Opportunity © 2025 Apache Mortgage Inc, 1082 N Anaheim Blvd Unit 1, Anaheim, CA 92801, 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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