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Down Payment Assistance! can help you
sell your home faster, with less inconvenience, and at a potentially greater
bottom line.
What is a HUD approved down payment assistance
program and how does it work?
Various HUD approved Non Profit Organizations provide down payment funds for
down payment and closing costs to qualified homebuyers who use an eligible
loan product such as an FHA insured mortgage or conventional loan. Down
payment funds up to 6% of the final contract sales price are available for
the purchase of a participating home. These funds never have to be repaid.
There are no buyer income limitations and no area restrictions. For the
buyer to be eligible for the funds, the seller must make a contribution to
the Non Profit Organization issuing the funds that is equal to the gift
amount, plus pay a small
processing fee of approximately $499.00.
How can Down Payment Assistance help me sell my
home?
The Non Profit Organizations will provide your property with INCREASED
EXPOSURE! It’s that simple! You will be exposing your property to a much
larger pool of buyers who can now purchase your home because they have money
for a down payment and closing costs.
Does it cost a seller more money to use The Down
Payment Assistance Program?
No. When you review transactions that use these Non Profit Organizations you
will usually find that sellers’ net proceeds are equal to or greater than
proceeds from traditionally negotiated offers. If a seller’s net proceeds
are not satisfactory, they will usually not sign the purchase agreement.
What’s the number one reason why sellers choose
Down Payment Assistance Programs to assist with their home marketing plan?
Sellers choose Down Payment Assistance
Programs to dramatically increase the number of qualified candidates that
would be eligible to purchase their home. The simple factor of "supply and
demand" goes to work for participating sellers to help increase their home’s
market value.
Don’t Reduce the Price…Introduce Down Payment
Assistance Programs.
Participating with Down Payment Assistance
Programs is much preferred to costly price reductions. If your home has been
on the market for a while and you are considering reducing your price to
generate some new buyer interest, you may want to enroll your home in
a Down Payment Assistance Program instead.
Consult with an NJ Property
Realty Services Realtor for more information on marketing your home with a
Down Payment Assistance Program.
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