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Down Payment Assistance
WE Lending DAP
Down Payment Assistance
WE Lending DAP is focused on helping homebuyers achieve the dream of homeownership. Our affordable housing program supports low-to-moderate income individuals and families. This program will assist homebuyers in meeting their minimum borrower contribution (own funds) and helps cover down payment and/or closing costs when purchasing a home with a qualifying 30-Year Fixed Rate First Mortgage.
Key Benefits
✔ 100% Financing on FHA and Conventional
✔ 100% Forgiven at Close of Escrow
✔ No 2nd Mortgage / Lien
✔ No Prepayment Penalty
✔ 30 Year Fixed Rate Mortgage
✔ 3.5% Assistance on FHA Loans
✔ 3% Assistance on Conventional Loans
✔ Co-signers Allowed
✔ DACA Eligible
✔ Multi-State Program
Requirements
FHA Requirements:
✔ Income limit up to $84,960 (Clark County)
✔ Loan limit up to $362,250 (Clark County)
✔ Minimum credit score 620
✔ 1-2 Units only (no manufactured homes)
✔ Must be primary (can own other properties)
✔ Must meet FHA underwriting requirements
Conventional Requirements:
✔ No Income Limit
Loan limit up to $548,250
✔ Minimum credit score 640
✔ 1 Unit only (no manufactured homes)
✔ First Time Homebuyer Requirement
✔ Must meet FNMA underwriting requirements
This down payment assistance program requires a home loan mortgage approval. Find out if you are approved by applying:
Home Loan Down Payment Assistance Programs:
For more information about mortgage related programs
Get in contact with our home loan mortgage lending experts
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