The Heroes Mortgage Down Payment
Assistance Advantage provides members of the emergency services and first
responders with down payment assistance in the form of a grant equal to 2% or 3.5% of
the purchase price.
Program Highlights
- Can be up to 100% financing!
- Down payment assistance is in the form of a grant, equal to either 2% or 3.5% of the
purchase price.
- May be combined with up to 6% seller concession for closing costs.
- No resale or borrower repayment restrictions.
Eligibility
- Any borrower on the loan application who is a current, retired,volunteer, non-paid,
or plans to become:
- First-responder: police officer, firefighter, public safety officer,
paramedic, or emergency medical technician (EMT), including volunteers or
similar
- Educator
- Medical personnel: nurse, doctor, phlebotomist, or health ambassador, or
hospital, American Red Cross worker, or similar
- Military personnel
