Bond Advantage Down Payment Assistance Program
You can repay this program’s second mortgage alongside your primary mortgage over a 15-year period. Here are the main points:
Borrow up to $15,000 or 5% of the purchase price, whichever is lower.
The loan offers relatively low monthly payments. Your lender will make sure you can comfortably afford these payments.
To qualify, applicants need a credit score of 620 and must contribute $1,000 of their own money towards the purchase.