Are you ready to buy a home but need help with the down payment? If so, check out the Arrive Home Program!
The Arrive Home Program is designed to help underserved communities by providing down payment assistance that will help lead to home ownership and create generational wealth.
They aim to celebrate the cultures of these demographics by fulfilling the American dream of home ownership and turning it into reality.
Everyone is eligible, but underserved populations such as the Latino, African American, Native Americans, and Asian communities are especially supported.
The Arrive Home Program offers up to 5% DPA and has repayable and forgivable DPA’s:
Repayable DPA
-No income limits
-3.5% or 5% assistance (5% assistance is only offered for repayable assistance)
-Amortized, 10-year term with a fixed interest rate 2% higher than first mortgage
-No subordination for 3 years
-Less out of pocket
Forgivable DPA
-Qualifying income must be less than or equal to 160% of median income
-3.5% assistance
-30-year term with a fixed 0% interest rate. No monthly payments
-No subordination
-Forgiven after 36 on-time 1st payments
-Lower total payment, more in closing costs
With more than 150 branches nationwide, Geneva Financial Home Loans offers countless homebuyer and homeowner-focused products including Conventional, FHA, VA, USDA, Refinance, Reverse, Jumbo Loans, and Condo Financing as well as Down Payment Assistance Programs, First-Time Homebuyer Programs, Physician Loans and Hero Loans for First Responders, Police, Firefighters, Nurses, and Teachers.
If you need help navigating the current market, connect with your local Geneva Financial representative to start the conversation and read more about Geneva’s full product lineup at https://www.genevafi.com/loan-products/.
Founded in 2007 by Aaron VanTrojen, Geneva Financial is a direct mortgage lender headquartered in Chandler, Ariz., with more than 150 branch locations in 49 states. To learn more about Geneva Financial, visit GenevaFi.com.
