1% from YOU
2% from THEM!
We are thrilled to roll out a 2% down payment assistance program. Here are the details!
You will receive 2% in FREE DOWN PAYMENT ASSISTANCE (not repayable!)
You will pay 1% in down payment
Earn 80% of the Area Median Income
Max loan amount $350,000
Don't have to be a first-time homebuyer
No mortgage insurance
No mark-up on conventional rates
IT'S NEW...IT'S EXCITING...
Here's a quick run-down on how it works:
1. Pull out existing equity from your current home at 0% interest and apply it as down payment for your next purchase
2. Qualify based on only the new mortgage payment (current mortgage payment is not factored into your Debt-to-Income ratio)
3. If your home doesn't sell in 90 days, our lending partner will buy it from you...ALL RISK FREE!
Now you can buy before you sell and submit stronger offers with no home sale contingency. More details are involved so contact us!
WE'RE SIMPLY DIFFERENT!
We understand rates are causing buyers to put home purchase on pause. That is why we are offering FREE refinances after purchases. We’ll pay for all new costs so you can feel at ease. Ask us for more details. **Must wait 6 months after purchase and rate protection extends for 2 years after closing**
We will approve you before you submit an offer on your home.* Take the risk out of your purchase and be APPROVED 100% before you find your home, submit a stronger offer, and find your way home with us.
I chose Providence Mortgage for my first time home buy. They were super helpful and kind in assisting me with my loan. They explained things kindly and with detail when needed and the process was so smooth and effortless. I will definitely use them again for future purchases.