A buyer sees help with the down payment and naturally focuses on the cash saved at closing.
I want them to see the second page of the story too.
Is the assistance a grant, deferred loan, forgivable loan, or repayable second mortgage?
Does it change the rate?
What happens if you sell or refinance?
How much cash remains after closing?
What is the total payment?
Those answers tell you whether the program solves the right problem.
Save this question list before you choose an assistance program.
— If we haven’t met yet, I’m Richard Sarey, your go-to mortgage broker in Frisco Texas
• first home buyer assistance • down payment program
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