Turning Renters into
Homeowners
Getting Started
Owning a home is a fulfilling milestone and your first home buying experience should be exciting and stress free. There are many loan types and down payment assistance programs available that may suit your current financial situation and future goals.
Durand Mortgage Group provides expert guidance and clarity to make the process as easy as possible. The first step in determining what loan programs and down payment assistance programs you qualify for is a thorough review of your credit and finances.
Here’s a list of items you’ll need to get started:
- A copy of your government issued photo ID
- Two most recent pay stubs
- Two most recent and complete bank statements
- Two most recent and complete tax returns
- Two most recent W2s
- Statements for any assets you want considered
Down Payment
Assistance Programs
Making Homeownership More Affordable
Instead of spending years saving for a down payment, you could get into your first home with little or no cash with a down payment assistance program. Programs come in several forms for eligible buyers: cash grants or secondary loans.
Most DPA programs are administered by state and local governments, private entities, charitable organizations. There is no universal application for down payment assistance programs. Once you go through the pre-approval process, Durand Mortgage Group will be able to review the programs that works best for your financial situation.