Down Payment Assistance Programs
What is a Down Payment?
A down payment is the money you pay toward the cost of the house when you first buy it. You borrow the rest from the bank as a mortgage. The dayafter you close on your house, your down payment becomes the equity you have in your home.
A down payment of 3.5%–5% of the purchase price may be available for some government loans and some conventional loans. Additionally, a VA loan requires little to no down payment for eligible borrowers.
Down Payment Assistance (DPA)
If you are eligible for programs, our preferred lender will provide you with a mortgage loan and funding to use for your down payment. So don’t let a down payment hold you back from achieving your dreams of homeownership. Contact us to learn more about your down payment options including gifts to help you get the home you want.
Other Means of Securing Down Payment
Savings
·Buyers often save regularly for years by reducing expenses, taking a second job or getting a smaller apartment if they are renting.
Gift
·If you accept a gift, you’ll need to get it clearly in writing that the person making the gift has no financial interest in or obligation toward the property. A bank will not accept it if your “gift” is really a loan.
Proceeds from sale of existing home
·If you sell your home before you buy your next home, you may have proceeds from that sale that can be applied to the down payment on your new home.
My name is Fernando and I am the Managing Broker for Simple Sell. I am an Accredited Buyers Rep which means I offer a specialized service to prospective homebuyers. Our goal is to find your home and guide you through the homebuying process. Even if you aren’t quite ready, we will work together to get you there. You’ve got this!
Provide your information below to receive a free copy of our Homebuyer’s Guide!
It includes everything you need to know about purchasing a home.
FREE HOMEBUYERS GUIDE
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Meet the Team
Enrique Cervantes (Simple Sell) has been in the housing industry for over 20 years. He has been licensed as a residential agent for 5 years with a focus on buyer representation. He possesses an unwavering dedication to our clients success.
Erica Goble (Aurum Title - Chief Escrow Officer) is a trusted partner. She has over 20 years experience in the title industry. Her experience and knowledge enables her to be fully committed to meeting the needs of our clients.
Hugo Ortiz (CMG Home Loans - Branch Manager) is a trusted partner. He is an experienced mortgage lender that specializes in new purchases. He has helped many of our clients through the essential lending aspect of the homebuying process.
Our Credentials
Hundreds of clients served!
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Accredited Buyer Representation
1) We are ABR Certified - Additional training in representing buyer(s) best interest.
2) Specialize in negotiating on your behalf.
3) Coordinate all aspects of transaction including: site tours, financing, appraisals, contracts, inspections and more!
3) Bring your transaction to a successful close.
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Analytics for Buyers
Our PSA (Pricing Strategy Advisor) certification has greatly enhanced our ability in being able to appropriately analyze and unify market statistics. Getting you the optimal purchase price is our goal!
Our e-PRO certification has helped us become experts in applying social media strategies to our marketing plan which helps us build connections with consumers and expands our reach when finding buyer(s) their home.
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Buy Before You Sell
Thinking of buying but need to sell your current home first? We have helped numerous clients navigate through this process.
We can provide a few options in this scenario. Please select the “contact” link below and tell us a little bit about yourself. One of our specialists will contact you shortly!
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Apartment Locating
We are your local specialist with a focus in and around the wonderful city of Dallas.
We are ready to help you FIND THE RIGHT APARTMENT! This is a FREE service to you! We are paid by the apartment complex.
Please select the “contact” link below and tell us a little bit about yourself. One of our specialists will contact you shortly!
