We are excited to offer a game-changer for our clients’ homeownership dreams. We proudly present the EQUO Down Payment Assistance (DPA) Program – a revolutionary offering designed to simplify, enhance, and expedite the journey to homeownership.
Why EQUO DPA?
- Flexible Credit Requirements: Say goodbye to traditional credit score barriers. With EQUO DPA, even a credit score of just 580 can open doors to homeownership.
- Versatile Assistance Options: Empower our clients with up to 3.5% or 5% of the lesser of the Purchase price or Appraised value as assistance. What’s more, it’s repayable over a 10-year period, with a rate only 2% higher than their first mortgage.
- Endless Possibilities: Funds can be used for down payments, closing costs, or both, providing your clients with the flexibility they need to achieve their homeownership goals.
- Diverse Property Choices: Whether it’s a single-family home, a multi-unit residence, an FHA-approved condo, or a manufactured home, the EQUO DPA program is designed to accommodate diverse property choices.
- Stable Amortization Plans: With a 30-year fixed first lien and a 10-year fixed second lien, clients can enjoy the stability they deserve on their path to homeownership.
- No Constraints on First-Time Buyers: EQUO DPA welcomes all buyers, whether it’s our client’s first home or their fifth. Our program supports them at every step of their homeownership journey.
- Seamless Financing: Our program aligns with FHA guidelines, and with Debt-to-Income (DTI), it caters to the unique needs of our clients.
Contact our office for information about how the EQUO DPA Program can empower your path to homeownership.
Connect with one of our loan consultants to learn more.