The Sapphire Down Payment Assistance program helps home buyers with their down payment and/or closing costs through a grant that does NOT need to be repaid. Depending on the loan program the non-repayable grant can cover up to 4.5% of your loan amount. This assistance program is designed to increase homeownership opportunities for low to moderate-income individuals and families. This program is for FHA loans only.
Grant for up to 4.5% of your loan amount
Minimum FICO score of 620
Manufactured housing is eligible
Grant funds can be used for down payment and/or closing costs
*Note: Cooperative housing (co-op) is NOT eligible. Borrowers may not own other 1-4 family residential property at the time of closing of the Sapphire transaction.
Creating an account is fast, easy, secure and FREE! Your account enables you to easily modify your loan application and view the status of your loan anytime day or night.
When you register for a Loan Center account, you can submit a loan application online and the sensitive information that you provide will be transmitted securely.
Pre approval can be done in as little as an hour if you have thoroughly completed the loan application and have all the needed paperwork to support the information on the application.
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