Down payment assistance

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  • Author
    Posts
  • #8159
    swtneka
    Participant

    I was wondering if you can us down payment assistance even though NACA doesn’t have a DP? Can we use the funds to pay down our rate?

    #8163
    TTrumble
    Member

    Hello swtneka,

    You are absolutely correct. Funds from down payment assistance programs can be used to buy down your interest rate, which is actually a much more efficient use of those funds anyway.

    Tim Trumble
    Online Operations, NACA
    ttrumble@naca.com

    #8176
    rideswithchrist
    Participant

    What down payment assistance programs are compatible with NACA?
    We have a program here in Austin, and you have to use “approved” lenders- I do see BOA on the list, but it may only be for one of the local offices. The program would REALLY help us out though, the tax rate in Austin leaves us with slim pickings in our price range.

    #8177
    soanxious
    Participant

    I’d be interested to know of any programs in Georgia… thank you

    #8184
    swtneka
    Participant

    This makes me so happy Mr. T. we can use all the help we can get.

    soanxious you just have to google down payment assistance in GA.

    rideswithchrist NACA is not the lender so you should be ok.

    #8198
    rideswithchrist
    Participant

    sweet! that makes me SO HAPPY!

Viewing 6 posts - 1 through 6 (of 6 total)
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