Find out if you qualify for down payment assistance NOW!

Know exactly what you can afford before you start searching for a home.

Home Purchase Qualifier

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Down Payment Assistance is Still Available

The days of easy credit are gone, but home-buyers can still get mortgages with little to no money down if they know where to look.

From down payment assistance grants to interest-free second mortgages and other special mortgage programs, there is a growing number of options for people who want to buy a home without a down payment. 

Often, potential buyers have what it takes to qualify for a mortgage but haven’t managed to save enough for a down payment or simply don’t want to spend all of their savings on a down payment. Meanwhile, money from the many types of down payment assistance programs, available through state and local housing agencies, goes unused because buyers think they don’t qualify for help.

Equinox Home Financing has direct relationships with all the different California Housing authorities and can obtain interest free loans or grants for our home-buyers. Contact us today to see if you can qualify for a zero down payment program.

Income Requirements and How Much Will You Qualify For

Buyers can earn as much as 120 percent to 140 percent of the median area income and still qualify for some down payment assistance programs.

For instance, a buyer living in Orange County, Calif., can earn nearly $98,000 a year and qualify for a grant of up to 5 percent of the purchase price of the home, according to the requirements of one down payment assistance program available in the state.

Every county has a different income limit and it depends how many people are in each household. Call Equinox Home Financing today to get qualified.

Different types of Down Payment Assistance Programs

Buyers in California have a few different options when it comes to Down Payment Assistance. Depending on your credit and income, there are different loans or grants to fit almost everyone as long as they meet the income requirements set by each county in California.

Equinox Home Financing has access to all the loan and grant programs for home-buyers.

Do I Qualify?

To qualify for a mortgage, lenders typically require that you have a debt-to-income ratio of “28/36.”  This means that no more than 28% of your total monthly income (from all sources, before taxes) can go toward housing, and no more than 36% of your monthly income can go toward your total monthly debt (including your mortgage payment).

  • Fixed Rates
  • Adjustable Rates (ARM)
  • Conforming Loans
  • Jumbo & Super Jumbo Loans
  • FHA, VA, & USDA Loans
  • Terms from 5 to 30 Years

Get Your FREE Pre-Approval Letter Now!

Home Purchase Qualifier
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