Are you in the market for a new home, but don’t have a lot of money saved up for a down payment? You’re not alone. In fact, many people who are looking to buy a home don’t have a lot of extra cash on hand. This is where down payment assistance comes in. The My Home Mortgage Team specializes in down payment assistance programs and we have the largest selection of programs available in Maryland, Virginia, and D.C. Keep reading to learn more, and contact us with any questions!
Provide You With Funds for a Down Payment
Down payment assistance programs are designed to help people who may not have a lot of money saved up for a down payment. These programs can provide you with the funds you need for a down payment, as well as closing costs and other fees associated with buying a home. There are a variety of down payment assistance programs available, and The My Home Mortgage Team can help you find the right one for your needs.
Less Stress
One of the main benefits of down payment assistance is that it can help reduce the amount of stress you feel during the home-buying process. When you have a down payment saved up, you can be more confident in your offer and less worried about being denied due to a lack of funds.
You May Be Able to Get More Money
In some cases, you may be able to get more money from a down payment assistance program than you would if you just saved up for a down payment on your own. This is because some programs offer matching funds or other incentives for participants. If you’re a first-time home buyer in need of funds for a down payment, down payment assistance may be right for you!
More Affordability
Another benefit of down payment assistance is that it can help make your home more affordable. If you’re able to put less money down, your monthly mortgage payments will be lower. This can help you save money each month and free up some extra cash for other expenses.
There are a variety of down payment assistance programs available, and The My Home Mortgage Team has a wide selection of programs in Maryland, Virginia, and D.C. We can help you find the right program for your needs and we will work with you to get the funds you need. Contact us today to get started!
Testimonials
Patient & Helpful
Tammi was very patient and very helpful throughout the entire application process. Being a first-time home buyer I didn't know a lot of this which made me frustrated but I was able to get approved and now I am a homeowner thanks to Tammi!
— James C.
No Pressure or Stress!
Tammi Lewis made my home buying experience very easy. I felt no stress or pressure. Tammi was with me every step and made sure I understood everything with detailed talks. My credit score was low and Tammi advised me how to raise it. So that the Loan process would be approved with no problems. Any one know that wants to buy their first home I am recommending Tammi Lewis and First Home Mortgage.
— Charlie F.
Professional & Timely
Rob made sure my experience as a first time home buyer was smooth and painless. Very professional and got things done in a timely manner. Could not have asked for more!
— Samantha J.
Great Experience for a New Homeowner
Rob was at all times, willing to go over the numerous pages of information with me. I am a new homeowner and had many as this was my first time navigating the home-buying waters. He explained things to me in a way that I understood and got me all of my documents in a timely and efficient manner. I enjoyed working with him and would refer him to anyone who is looking.
— Erica F.