Embark on Your Homeownership Journey with GROW SD’s Down Payment Assistance
Friday, March 15, 2024
Exciting News from GROW SD! Learn about our Down Payment Assistance program, providing 0% deferred loans up to $10,500 for your dream home!
Unlock Your Homeownership Journey! Discover the factors that impact your eligibility for GROW SD's Down Payment Assistance program. Whether you're buying in a rural or urban area, your household income and our available funds play a role. Funding typically ranges from $5,000 - $7,500, provided as a 0% interest, deferred loan that follows the terms of your first mortgage.
Unlock Your Homeownership Journey with GROW SD’s Down Payment Assistance!
Down Payment Assistance (DPA) is a 0% deferred loan (this is not a grant or forgivable loan product). It will be due upon any one of the conditions:
- The property is refinanced,
- Property is sold, or an exchange of residence takes place,
- Property ceases to be the principal residence of the homeowner,
- First, the mortgage and note reach the maturity date, or the note is paid in full, whichever comes first.
Find out more at https://growsd.force.com/growsdcft #Homeownership #SDHousing
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