- $ 7,500 forgiven loan after 5 years
- Below market interest rate
- Reduced PMI rates
- As little as 3% down
- Down payment can be 100% Gifted
- Conventional , FHA and VA products available
I’ve worked with the state’s down payment assistance programs for many years and the down side had always been that the state’s interest rates were always .50% – .75% higher than what I could offer in the secondary market. This is the 1 st time they are offering below market rate so there’s really very little downside.