How To Access $6,500 in Down Payment Assistance or Closing Costs with HomeReady® First

The HomeReady® First Home Loan is a creative home financing opportunity aimed to lower homeownership barriers for creditworthy first-time homebuyers! This loan offers flexible underwriting, low down payment requirements, and reduced mortgage insurance costs, making it an ideal choice for first-time homebuyers looking to make their dream of owning a home a reality in a competitive market. 

“We’re proud to be one of the few nationwide lenders who have access to this exclusive opportunity. We’re expanding homeownership opportunities for eligible first-time homebuyers with a non-repayable grant of $6,500, which can be used towards down payment assistance or closing costs. Our focus is helping families nationwide create the dream of homeownership,’ says Hans Stone, Division Director of Sales, EVP of BluPrint Home Loans. 

Features of the HomeReady® First Home Loan include:

• Receive a $6,500 grant for down payment or closing cost assistance
• No grant repayment required
• Purchase in any eligible state nationwide 
• Flexible qualification opportunity 

Borrower Benefits of the HomeReady® First Home Loan include: 

• Low Down Payment: Borrowers can put down as little as 3% of the home’s purchase price.
• Flexible Sources of Funds: Down payment and closing costs can come from multiple sources, including gifts and grants. 
• Reduced Mortgage Insurance: Lower monthly mortgage insurance payments compared to other low down payment programs.
• Income Flexibility: Allows for additional income sources such as rental income or boarder income to help qualify.
• Homeownership Education: Requires borrowers to complete a homeownership education course to ensure they are well-prepared for homeownership.
• Flexible Underwriting: Offers flexibility in underwriting guidelines, making it easier for more borrowers to qualify.

Why Choose a Local Mortgage Lender

• Local Expertise: Local lenders have a deep understanding of the housing market in your area. They can provide insights and advice tailored to the specific conditions of your community, ensuring you get the best possible loan options.
• Personalized Service: Working with a local lender means you get personalized attention. They are more accessible for face-to-face meetings, which can be crucial for first-time buyers who need guidance throughout the process.
• Community Commitment: Local lenders are invested in the success and growth of their community. They are more likely to offer programs and solutions that benefit local residents and contribute to the community’s overall well-being.

At BluPrint Home Loans, we’re committed to helping you navigate the home buying process with ease and confidence. Our award-winning team is here to guide you every step of the way, offering transparency, experience, and innovative solutions tailored to your homebuying needs. Choose BluPrint Home Loans and experience the benefits of working with a local lender who truly understands your homebuying journey!