There are numerous programs available that can provide down payment and closing cost assistance for eligible home buyers through grants from state or local governments. There are also special down payment assistance programs available to teachers, first responders, and members of the qualified armed forces.
These programs vary by county and state and often come with several requirements. An experienced Loan Officer will be able to walk you through the qualifying process and will be familiar with specific down payment assistance programs in your area.
In most cases, a borrower does not have to be a first-time homebuyer to receive assistance. Speak to a NOVA Loan Officer to find out if you qualify and take advantage of down payment assistance benefits!