Down Payment Grants
There are many institutions available to assist homebuyers in the home loan process, one of which is The Partners in Charity Program or PIC. Provided that the homebuyers meet two conditions PIC will gladly give the borrowers a gift equal to 3%, 4%, or 5% of the final sale price of the Albuquerque home. These funds are intended to be used to cover the down payment and closing costs. The criteria that need to be met are as follows:
(1) The homebuyers need to qualify for one of the many eligible home loan programs
(2) The homebuyers must complete a Home Ownership Counseling Course
When the criteria are met and the gift has been given to the homebuyers they need not worry about repayment and this gift can be used for most types of homes in most geographical locations. Your home loan officer at Albuquerque Lending & Realty will be able to assist you in choosing a home loan program and appropriate Counseling Course.
For more information contact:
Albuquerque Lending & Realty, (505) 250-8171
Partners in Charity, Toll-Free: 800-705-8350.
We Help First Time Home Buyers
First time home buyers often find themselves overwhelmed by the mortgage process when purchasing their first Albuquerque home. This is why at Albuquerque Lending & Realty we offer special mortgage programs to first time buyers. These programs usually offer lower interest rates, lower down payments, or reduced taxes. These special loan programs combined with the guidance of our experienced Albuquerque mortgage lenders at Albuquerque Lending & Realty will make your first home buying experience effortless.
Albuquerque Real Estate Information
At Albuquerque Lending & Realty we offer real estate information in Albuquerque and many nearby cities. Below is a brief list of some key areas where we offer our services, please browse through the information given about the areas to help guide you in finding a great location. If the area you are currently searching for is not listed below, then please contact one of our mortgage and real estate professionals today at 505.250.8171.
