Mark Partners at Equity Prime McGowan Mortgages walks through a down payment assistance program offering a non-repayable 3.5% grant on FHA loans. You need a credit score of 620 or higher, and the program includes flexible refinancing options for first-time buyers.
Exciting new down Payment assistance program. Mark Partners here at Equity Prime McGowan Mortgages now offers a down payment assistance program with a non repayable grant. Meaning we cover the 3.5% down payment on an FHA loan and you don't have to pay it back. Unlike most street grants, you don't have to stay in the house or hold on to the loan for five plus years. You only have to make a minimum of six monthly payments and then we can come in and refinance you to a lower rate and lower payment. So you have to have a 620 plus credit score to qualify. And aside from that, you have the house of your dreams today and get the payment tomorrow. Reach out to McGowan Mortgages to save on your whole loan.
