• CMG MORTGAGE, INC. NMLS #1820

Download Case Study: Down Payment Assistance Options

  • May 04, 2017

Down Payment Assistance

The largest financial obstruction homebuyers face is the down payment. Saving for a down payment while paying rising rents can be difficult. There are down payment assistance programs available to help both new and previous homebuyers afford a down payment and obtain mortgage financing.

Down payment assistance programs are offered by state Housing Finance Agencies (HFA), cities and counties, housing authorities, nonprofit organizations, and even employers. Like other assistance programs, down payment assistance programs have debt-to-income ratio requirements, income limits, and other variables to qualify. With over 2,400 homebuyer assistance programs available nationwide, it is best to talk to a local lender about specific options.

For an in-depth look at the down payment assistance process and types of programs available, please download our latest case study.

Email me if you would like a cobranded version to share

Cindy MacDonell
Senior Loan Officer
NMLS # 316198
Branch NMLS # 1270689

Cindy MacDonell

PHONE: (707) 781-8185
cmacdonell@cmgfi.com

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© CMG Financial, All Rights Reserved. CMG Financial is a registered trade name of CMG Mortgage, Inc., NMLS ID #1820 in most, but not all states. CMG Mortgage, Inc. is an equal opportunity lender with corporate office located at 3160 Crow Canyon Road, Suite 400, San Ramon, CA 94583 888-264-4663. Licensed by the Department of Business Oversight under the California Residential Mortgage Lending Act No. 4150025; AK #AK1820; AZ #0903132; Colorado regulated by the Division of Real Estate; Georgia Residential Mortgage Licensee #15438; Illinois Residential Mortgage Licensee; Kansas Licensed Mortgage Company #MC.0001160; Massachusetts Mortgage Lender License #MC1820 and Mortgage Broker License #MC1820; Mississippi Licensed Mortgage Company Licensed by the Mississippi Department of Banking and Consumer Finance; Licensed by the New Hampshire Banking Department; Licensed by the NJ Department of Banking and Insurance; Licensed Mortgage Banker – NYS Department of Financial Services; Ohio Mortgage Broker Act Mortgage Banker Exemption #MBMB.850204.000; Licensed by the Oregon Division of Financial Regulation #ML-3000; Rhode Island Licensed Lender #20142986LL; and Licensed by the Virginia State Corporation Commission #MC-5521. CMG Mortgage, Inc. is licensed in all 50 states and the District of Columbia. Offer of credit is subject to credit approval. For information about our company, please visit us at www.cmgfi.com. To verify our complete list of state licenses, please visit www.cmgfi.com/corporate/licensing and NMLS Consumer Access (www.nmlsconsumeraccess.org).