123rf.com
By Jenny Gonzalez
How to Qualify for a Forgivable Loan Down Payment and Closing Costs In Corona, CA
A
s a first-time homebuyer, it can be difficult to purchase a home, especially if you can’t afford the down payment. Making down payments is the norm when it comes to home purchases, but given the exorbitant prices of homes in Corona, CA, raising the money for down payments is not easy. Closing costs can also pull some surprises on you. Even if you have saved enough for your down payment, you might just realize that you still owe some thousands of dollars in closing costs, which you might not afford at that particular point in time. The good news is you might qualify for a forgivable WWW.THEPOWERISNOW.COM
loan down payment and closing costs through down payment and closing cost assistance programs if you meet certain criteria. WHAT IS DOWN PAYMENT AND CLOSING COST ASSISTANCE PROGRAMS? Coming up with cash for purchasing a home is often a hurdle that most first-time homebuyers pass through. Although some mortgage programs require no down payment, a vast majority do require that you make a down payment. The down payment is a substantial amount of cash equal to a certain percentage of the home’s final price. This is where down payment and closing cost assistance programs come in. If you are a first-time l
79