PRMI Welcome Home Down Payment Assistance Program provides up to 5% down payment and closing cost assistance to home buyers. You can get an FHA 101.5% financing by combing the PRMI FHA first mortgage with the 5% DPA Loan. This program is great for first time home buyers and repeat home buyers. Get Started today by calling the John Thomas Team at 302-703-0727 or APPLY ONLINE.
PRMI Welcome Home Down Payment Assistance Program Guidelines
The Guidelines for qualifying for the Welcome Home DPA Program are as follows:
- Available with PRMI FHA Loan or PRMI USDA Loan
- Minimum 620 Credit Score
- No Income Restrictions except USDA Loan guidelines
- Temporary Interest Rate Buy Down Options
- Do NOT have to be a First Time Home Buyer
- Available Nationwide except NY
- Second Mortgage Loan for Down Payment & Closing Costs
- Repayable and Forgivable Options for the DPA Loan
What are the Eligible Property Types for the Welcome Home Program?
The PRMI Welcome Home DPA Program allows borrowers to purchase properties that are on the eligible list. The following are eligible property types for the DPA program: