The Risks of Using Down Payment Assistance Programs
While down payment assistance programs can be helpful, they come with several risks. Higher Monthly Payments Down payment assistance programs
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Sub2 or “Subject To”
“Sub2” or “Subject To” is a real estate strategy where a buyer takes over a sellers existing mortgage, but the
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Seller Finance
Seller Finance is a private transaction between the buyer and seller of a property where the seller extends financing to
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Trust Acquisitions
Trust Acquisitions are still subject to. It’s just a sub category of sub2. Meaning the mortgage will stay in the
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Deed of Trust or Deed in Lieu of Foreclosure
A Deed of Trust or a Deed in Lieu of Foreclosure is security for the seller that lets them reclaim
Loan Types
FHA Loan
An FHA Loan is a mortgage insured by the Federal Housing Administration (FHA), offering flexible qualification requirements including lower down
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VA Loan
A VA Loan is a mortgage loan guaranteed by the United States Department of Veterans Affairs (VA). It’s designed to
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Conventional Loan
A conventional mortgage loan is a type of loan that is not directly insured by a government program. Conventional mortgages
Loan Types
USDA Loans
A USDA Loan is a type of mortgage program offered by the United States Department of Agriculture to help eligible