We Elevate Our Clients’ Homeownership Journey With A Down Payment Assistance Program – MortgageDepot

We’re excited to supply a game-changer for our shoppers’ homeownership goals. We proudly current the EQUO Down Fee Help (DPA) Program – a revolutionary providing designed to simplify, improve, and expedite the journey to homeownership.

Why EQUO DPA?

Versatile Credit score Necessities: Say goodbye to conventional credit score rating obstacles. With EQUO DPA, even a credit score rating of simply 580 can open doorways to homeownership.
Versatile Help Choices: Empower our shoppers with as much as 3.5% or 5% of the lesser of the Buy worth or Appraised worth as help. What’s extra, it’s repayable over a 10-year interval, with a fee solely 2% greater than their first mortgage.
Countless Prospects: Funds can be utilized for down funds, closing prices, or each, offering your shoppers with the pliability they should obtain their homeownership objectives.
Numerous Property Selections: Whether or not it’s a single-family house, a multi-unit residence, an FHA-approved apartment, or a manufactured house, the EQUO DPA program is designed to accommodate numerous property decisions.
Steady Amortization Plans: With a 30-year fastened first lien and a 10-year fastened second lien, shoppers can benefit from the stability they deserve on their path to homeownership.
No Constraints on First-Time Consumers: EQUO DPA welcomes all patrons, whether or not it’s our shopper’s first house or their fifth. Our program helps them at each step of their homeownership journey.
Seamless Financing: Our program aligns with FHA pointers, and with Debt-to-Earnings (DTI), it caters to the distinctive wants of our shoppers.

Contact our workplace for details about how the EQUO DPA Program can empower your path to homeownership.

Join with one in every of our mortgage consultants to study extra.