Help First-Time Buyers Overcome the Down-Payment Barrier
A down payment can stand between a qualified buyer and homeownership. Zykup Mortgage helps realtors connect eligible first-time buyers with grant opportunities that may make purchasing a home more achievable.
Qualified buyers may receive grant funds with no repayment required.
First-Time Homebuer Grant Highlights
HIGHLIGHTS
Up to $50,000 Availiable
Eligible first-time buyers may qualify for grant assistance of up to $50,000, depending on the buyer, property, available funds and current program guidelines.
Benefit:
Additional assistance may reduce the amount a buyer must provide from personal savings.
3.5% Down-Payment Grant
The program may prvide grant assistance equal to 3.5% of the qualifying home purchase.
Benefit:
This can help eligible buyer cover an important part of the upfront cost of purchasing a home.
No Repayment Required
Approved grant funds do not require repayment when all program conditions are satisfied.
Benefit:
Buyers may receive genuine assistance without taking on an additional monthly payment.
Designed for First-Timer homebuyers
This opportunity is intended for qualifying first-time homebuyers who are ready to take the next step toward owning a home.
Benefit for realtors:
You can help more renters and first-time buyers become purchase-ready clients,
No income Restrictions
The flyer states that the program does not have income restrictions. All applicants must still meet the lender's mortgage qualification and grant eligibility requirements.
Benefit:
Starting the review early can help buyers understand their options before choosing a property or submitting an offer.
Limited Funds Availiable
Grant funding is limited and may be awarder based on availability and program approval.
Benefit:
Starting the review early can help buyers understand their options before choosing a property or summiting an offer.
Available Through Select Approved Lenders
The grant is available only through participating, approved lenders.
Benefit:
Zykup Mortgage can help determine whether the buyer, property and proposed financing meet the current program requirements,
Why Realtors Should Know About This Program
Help more first-time buyers become purchase-ready
Reduce a major barrier to homeownership
Give buyers another option for down-payment assistance
Create opportunities with renters who want to buy
Strengthen offers by addressing available funds early
Guide clients through a clearer homebuying process
Build trust by connecting buyers with valuable resources
Ready to Work with the Best?
How to Apply
Step by step
The buyer must provide a short letter explaining:
- Why they want to purchase a home
- A brief description of their current situation
- Their expected timeline for purchasing
Benefit: The letter gives the program a clearer understanding of the buyer's goals, needs and readiness for homeownership.
The buyer must submit a certificate showing completion of counseling through a qualified homebuyer counseling agency.
- Estimated cost: $99
- Proof of completion is required
Benefit: Homebuyer counseling can help buyers better understanding financing, budgeting, closing costs and the responsibilities of homeownership. The actual fee should be confirmed with the approved counseling provider,
Have a First-Time Buyer Who Needs Help?
Every buyer's financial situation is different. Send us your scenario, and our team will help identify which available program may provide the best fit.
All programs are subject to availability, borrower eligibility, lender approval and current underwriting guidelines. Terms and program details may change, This information is not a commitment to lend
Office: 9900 Lakewood Blvd ste 200 Downey, CA 90240
Email:[email protected]
Site: www.zykupmortgage.com