FAQs

Is There An Organization That Offers Down Payment Assistance?

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If you are considering buying a home but are concerned about the down payment, there are several organizations that provide down payment assistance.

 

These programs offer up to 5% of the purchase price to prospective homeowners. This is a gift, so you do not have to pay it back. A fee is charged to the builder or seller, not the buyer. This is advantageous to the seller, as it makes their home available to a larger number of buyers.

 

Consult your NOVA Loan Officer to find out if you are eligible for these programs