A nationwide down payment assistance program, offered by an approved governmental entity, has you covered with one set

of guidelines for nearly all 50 states, making it easy to meet your client’s needs and get them in the home of their dreams.

This program allows qualified borrowers to purchase homes with certain FHA programs, helping them achieve home ownership.

Many favorable features, such as:

• One program used for all types of borrowers, with the same qualifications
• Completely forgivable grant from an approved government agency, equals 2% of the purchase price
• May be combined with up to 6% seller concession for closing costs
• No resale or borrower repayment restrictions

Eligible borrowers, include any of the following:

• Total borrower(s) income, equal to or less than 140% of the median area income, or;
• First-time home buyer, or;
• Any borrower on the loan application who is a current, retired, volunteer or non-paid;

* first-responder (police officer, firefighter, public safety officer, paramedic,

emergency medical(EMT), including volunteers or similar);

* educator;

* medical personnel (nurse, doctor, phlebotomist, health ambassador, or

hospital, American Red Cross worker or similar);

* civil servant in a federal, state or local municipality; or

* military personnel

For more information please contact your Real Estate Resource Home Loans Agent at 708-645-8888

Program Specifications

*Additional terms and conditions may apply. Loan approval, rate and terms are dependent on a borrower’s credit score and financial history.

As a rule of thumb, it may be harder to qualify for fixed-rate loans than for adjustable rate loans. When interest rates are low, fixed-rate loans are generally not that much more expensive than adjustable-rate mortgages and may be a better deal in the long run, because you can lock in the rate for the life of your loan.