Downpayment Toward Equity Act First Time Homebuyer 25000 Grant

Downpayment Toward Equity Act: $25,000 Homebuyer Assistance

Buying your first home is hard enough, but imagine purchasing a home with low income, and being the first in your family to do it. This is where the $25,000 Downpayment Toward Equity Act hopes to help. It is a bill introduced in Congress that seeks to assist first-time, first-generation homebuyers to break into the …

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Educator Down Payment Assistance Act Homebuyer Grant for Teachers

Educator Down Payment Assistance Act: $25,000 Grant For Teachers

If there’s one group of potential homebuyers that deserves down payment assistance, it’s teachers. Educators have been historically underpaid, and often can’t afford to live in the communities they teach in – or any other community for that matter. Many can’t save up enough for upfront costs of homeownership like the 3-5% down payment plus …

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Empowerd DPA Program Eligibility

Empowered DPA Program: 3.5% Down Payment Assistance Grant

If you’ve ever looked into down payment assistance (DPA) programs, you may have been frustrated about the stringent requirements to qualify. Some require very low income, while others require you to buy in very specific geographic locations. The new EPM Empowered DPA program, though, is available to most home buyers nationwide, thanks to their wide …

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Convert a single-family to a multifamily using FHA 203k.

Can You Use FHA 203k To Convert A Single-Family To Multifamily?

FHA buyers who have looked for a duplex, triplex, or fourplex lately have probably found out that competition is fierce for these homes. If you do find one for sale, you’ll probably have to go head-to-head with cash buyers and conventional, 25% down investors. But what if you could buy a single-family home and convert …

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Loan requirements for a co-signer on an FHA multifamily duplex triplex fourplex loan.

You Can’t Use A Co-Signer On An FHA Multifamily Loan. What To Do Instead

Many first-time and repeat buyers wonder if they can use a co-signer on an FHA multifamily duplex, triplex, or four-plex loan. Unfortunately, you can not use a non-occupying co-signer on a 3.5% down FHA loan for a 2-4 unit property, per HUD guidelines. While this is disappointing news, here are some things you can do …

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