Achieve Homeownership with FHA 100% Down Payment Assistance through Kind Lending

Hello, I'm Mike Barakat, your Home Financing Expert. One of the biggest hurdles for many aspiring homeowners is coming up with the down payment. But what if you could buy a home with no down payment at all? Thanks to Kind Lending's National DPA (Down Payment Assistance) program, this dream is now a reality. Let's explore how this FHA 100% Down Payment Assistance program can help you achieve homeownership with minimal upfront costs.

What is the National DPA Program?

Kind Lending's National DPA program is designed to make homeownership more accessible by offering 100% down payment assistance for FHA loans. This means that eligible borrowers can purchase a home without needing to bring any money to the closing table. This program is particularly beneficial for first-time homebuyers or those who may not have the funds for a traditional down payment.

Key Features of the National DPA Program:

• Minimum 660 FICO Score: With a minimum FICO score of 660, this program is accessible to many buyers .

• 100% Down Payment Assistance: Qualified buyers can receive up to 5% in down payment assistance. The proceeds can be used toward the down payment and/or closing costs .

• No First-Time Homebuyer Requirement: Unlike many other DPA programs, this program does not have a first-time buyer requirement .

• Standard & High Balance Loan Amounts: Borrowers can choose between standard and high balance loan amounts depending on the property and loan limits in their area .

• Eligible Properties: Covered properties include single-family residences, PUDs, townhomes, condos, and even manufactured homes .

• 2-1 Buydown Options: Buyers can temporarily reduce their initial mortgage payments with this option .

• No Mortgage Insurance Required: Unlike some other loan programs, Kind Lending's National DPA program does not require mortgage insurance, saving you money in the long run .

How to Qualify for the National DPA Program:

• Credit Score: Borrowers must have a minimum credit score of 660 to qualify for an FHA loan .

• Income Verification: While flexible income documentation options are available, borrowers must still provide proof of income.

• Property Type: The program is available for single-family homes, townhouses, and condos.

• Residency Requirements: The property must be the borrower's primary residence.

Why Choose Kind Lending's National DPA Program?

Kind Lending's National DPA program is designed to provide the flexibility and support you need to qualify for the financing you deserve. Whether you're a first-time homebuyer, looking to refinance, or seeking a specialized loan, this program offers a tailored solution that fits your unique financial situation.

How to Get Started:

Ready to explore the National DPA program or other low down payment options? I'm here to guide you through the process with personalized service and expert advice. Let's work together to find the mortgage solution that fits your unique needs.

At Olympian, we are committed to helping you achieve your homeownership dreams. Kind Lending's National DPA program offers the flexibility and support you need to qualify for the financing you deserve. Don't let traditional loan qualifications hold you back—reach out today and let's start your journey to homeownership.

Ready to learn more about the National DPA program? Contact me at mikeb@olympianmortgage.com or 313-629-3105. Let's make your homeownership dreams a reality together!