Mortgage Down Payment Assistance in Green Bay, WI
Buying a house is often the largest purchase someone will make in their lifetime and a home loan, or mortgage, is how most people finance the property. Most mortgages require a monetary down payment or lump sum of cash that the buyer puts forth when purchasing the property. The dollar amount of the down payment will vary depending on the price of the home as well as the type of mortgage the buyer is using. It is usually expressed as a percentage of the sale price of the property.
Local Down Payment Assistance Programs
There are some government agencies and private organizations that offer down payment assistance programs to home buyers. These down payment assistance programs offer a valuable service to local resident in and around the Green Bay, Wisconsin area. The down payment assistance is typically in the form of a grant or a loan and oftentimes the loans are only paid back when selling the property in the future. One local agency that offers a down payment assistance program is NeighborWorks Green Bay. NeighborWorks is a non-profit organization that was founded in 1982 and is a Community Housing Development Organization (CHDO). All of our loan officers at Executive Mortgage are very experienced with the down payment assistance programs and can help you through the process. If you’re interested in seeing if you quality for one of the these down payment assistance programs when applying for a mortgage schedule a FREE consultation with one of our team members to learn more.