AFR announces homebuyer program to grant 2% of purchase price, 6% of closing costs
AFR announces homebuyer program to grant 2% of purchase price, 6% of closing costs : American Financial Resources announced its new down payment assistance program that will provide grants for homebuyers, and caters especially to teachers, military members and first responders. The program will grant up to 2% of the purchase price and up to 6% of closing costs. DPA Advantage Program Guidelines Borrower Eligibility - Must meet one of the following three categories outlined below First-time Home Buyer Purchasing the subject property Will reside in the subject property as their principal residence Has no ownership interest in any residential property, for a period three years prior to the date of application. The exception will be for an individual who is a homemaker or single parent with no ownership interest in a principal residence, other than a jointly owned property with a former spouse, during the three-year period prior to the date of the application ...