Can I use the Down Payment on Your Dream Program with other down payment and closing costs assistance programs?
You cannot use the program with ADDI or House Keys 4 Less. Note that no extra cash will be given back at settlement. Excess...
Can I use the Down Payment on Your Dream Program with a Section 8 Homeownership Voucher?
Yes. The Section 8 Home-Ownership Voucher may be used with the Down Payment on Your Dream Program. Contact a Participating...
How do I find a vacant foreclosed property?
Contact your neighborhood real estate agent or Association of Realtors Online Resource
My real estate agent has found a property that is a “short sale”; can I use the Down Payment on Your Dream Program for this purchase?
No. Short sales are not eligible. Property must have been foreclosed upon.
How do I know how much house I can afford?
Take a housing counseling course and contact a Participating Lender to get pre-approved. For a list of Participating Lenders and...
I have taken a housing counseling course before; can I use the same certificate to qualify for the Down Payment on Your Dream Program?
You can use the certificate if the course you took was a minimum of 8-hours and course was completed within the last 6 months...
Can I use the Down Payment on Your Dream Program to purchase a home if I have had a home that was foreclosed upon?
You are eligible for the Down Payment on Your Dream Program if you have not owned a home anywhere during the previous 3 years...
Can a parent or relative co-sign for an individual who is a first-time home-buyer?
In order to co-sign, a parent or relative must be a first-time home-buyer or cannot have owned a home anywhere during the...
Can I use the Down Payment on Your Dream Program to catch up with my mortgage payments?
No. The Down Payment on Your Dream Program is for purchases of vacant and foreclosed property only.
Can I use the Down Payment on Your Dream Program to pay closing costs to refinance my existing home?
No. The Down Payment on Your Dream Program cannot be used for closing costs to refinance an existing home.