Are you a relocating First Time Home Buyer?
Updated 1-31-2025
If you live in a designated Metropolitan Statistical Area (MSA) you may qualify for a Special Purpose Credit Program that provides up to $6,000 in down payment/closing cost assistance.
Benefits
Loans where the AMI ≤ 100% will receive $6,000.
Loans where the AMI > 100% (up to the max 140%) will receive $3,000.
$500 credit towards cost of appraisal
$500 credit towards the cost of a home warranty (if purchasing one).
3% Down Payment
Eligibility
Current verifiable residence must be in designated MSA
Current verifiable residence must be in designated MSA
At least one borrower must be a first time home buyer
3% Down Payment - HomeReady First Program
Must use Home Ready Loan Program (Fannie Mae)
MSA - City Listings
Contact us to do a specific address search.
stevew@7lockslending.com