Down Payment Assistance
At Bank of England Mortgage, we understand from time to time, we all need a helping hand. So... we're here, beside you every step of the way on your home buying journey.
The U.S. Department of Housing and Urban Development (HUD) provides grants to state and local organizations
A DPA grant decreases homebuyer costs, avoids burdening the homebuyer with additional debt and eliminates property liens associated with secondary financing options.
- A DPA grant never has to be repaid.
- Grant reduces debt and creates positive home equity.
- Grant creates a positive impact on housing economy.
- Not limited to first time homebuyers
- State funded
HUD requires that properties financed under this program meet certain basic energy efficiency and structural standards.