Down Payment Assistance (DPA)
One of the biggest hurdles homebuyers face when looking to purchase a home is not the ability to pay for a mortgage, but the challenges faced when saving for a down payment. Things like cost of living increases and student loan debt coupled with everyday bills and other expenses can make saving for a down payment difficult.
Colonial understands it may be difficult to save for a down payment, that’s why we are proud to participate in a number of Down Payment Assistance Programs that help provide grants, education and other assistance to potential homebuyers.
Down payment Assistance and Grant Programs vary from state-to-state, and even from county-to-county, so be sure to consult with one of our experienced Loan Officers to find out what programs are available in your area.
Here are some of the home loan programs that many first-time homebuyers can take advantage of: