Experts agree that now is an ideal time to become a homeowner!

With the combination of available inventory, financing options, low interest rates, and programs offering FREE DOWN PAYMENT ASSISTANCE FUNDS prospective home buyers are in a better position than ever to benefit from home ownership. 

Often times the down payment to purchase a home is the biggest hurdle to consider about buying a home instead of renting. That's not hard to believe when the minimum down payment on an FHA Loan is 3.5% of the purchase price. With the median priced home in Las Vegas around $225,000 that would be a down payment in the amount of $7,875.00 you'd need on hand to purchase a home - just for a down payment. The good news is that these down payment assistance programs are basically free money grants that come from a fund to encourage home ownership. Many of the grant programs do not require a repayment of the grant or for the property to be in a specific geographic area. 

Wouldn't you like FREE MONEY to buy your home? 

If you have been considering home ownership and wondering if you're a candidate for free down payment assistance funds, use the simple checklist below to see if you could qualify to utilize a down payment assistance grant to purchase a home. 

You Could Qualify For Down Payment Assistance If You Meet The Following Criteria: 

  • 640 FICO Score For FHA & VA Loans 
  • 680 FICO Score For Conventional Loans
  • Maximum Household Income of $95,500 per year 
  • Property Purchased Must Be Your Primary Residence 
  • Maximum Purchase Price of $400,000 
  • Not Restricted To First Time Home Buyers

As with anything, certain restrictions apply and this list is only for one of the many down payment assistance programs available. There are many more that you could qualify for your specific situation. 

In the State of Nevada, there are multiple Down Payment Assistance Programs that many different buyers could qualify for to assist in purchasing their new home. The great thing is that some are area specific, but many are not so you could purchase where ever you want to live. 

Wondering what happens once you qualify for free down payment funds? Once you qualify for one of the loan programs you will receive a loan approval letter stating the parameters of your loan. From there, The John & Tonic Group will identify homes that meet this criteria for you to choose from and negotiate offers on your behalf. In today's market you can often get additional assistance from the Seller of a home to pay your closing costs. In this scenario it can often be less out of pocket expense for you as Buyer than the deposits needed if you were to rent...and...you could become a homeowner in as little as 30 days! 

Not every lender is eligible to offer all of the down payment assistance programs available. However, when  you partner with The John & Tonic Group at Keller Williams Realty Southwest we will walk you through obtaining your loan from the right lender to meet your financing needs. Our team of lenders are experts on working through credit issues, alternative income issues, and more.

Let our team go to work for you to become a home owner! 

Are you ready to begin the process of home ownership? Click here to fill out some basic information to get your loan approval started.