Lisa K. Farrell, CEO and Founder of Lisa Home Mortgage, is excited to announce the immediate availability of the highly anticipated Down Payment Assistance (DPA) program in the Philadelphia, Pennsylvania area.
This time-sensitive program provides qualifying homebuyers with an excellent opportunity to earn homebuyer assistance grants of up to $10,000 (or 6% of the home’s purchase price, whichever is less). An additional $3,000-$4,000 in aid is offered for qualified Black/African-American applicants, for a total of up to $14,000, giving an outstanding opportunity to secure their dream homes. The funds can be used to pay for the down payment and loan closing charges.
Prospective consumers must meet numerous qualifying criteria, including a minimum credit score of 580, to be eligible for the Down Payment Assistance (DPA) grant program. The award is repayable if the time of primary residency in the home is completed. The complete procedure takes about 5 weeks for highly engaged clients.
In addition, eligible buyers may get a seller credit of up to 6% of the purchase price, as well as gift cash. Prospective homebuyers must complete a free comprehensive homebuyer course and participate in a free city-funded homeownership counseling program prior to signing an Agreement of Sale to be eligible for this life-changing opportunity.
“It is with a sense of urgency and enthusiasm that we are happy to offer the Down Payment Assistance program, offering immediate financial support to make homeownership dreams a reality,” says Lisa. “These funds are available now, and we strongly encourage prospective homebuyers to act swiftly, as this opportunity is granted on a first come, first serve basis, while funds are available.”