12.21.2023

Here, I delve into down payment assistance programs, aiming to clarify whether they're beneficial or just scams. I walk you through the various types of programs available, such as grants, low-interest loans, deferred loans, and forgivable loans, each with its unique features and requirements. Additionally, I discuss the pros and cons of using these programs, including potential complications in the mortgage process and the risk of additional financial obligations. My goal is to provide a basic understanding of these programs, helping you make more informed decisions about utilizing them for your home purchase.