If you’re dreaming of buying a home in 2025 but concerned about upfront expenses, Stacy Ann Stephens and her team at Jhenesis Mortgage are here to help! Did you know there are two powerful options that can make homeownership possible without spending a dime out of pocket? Let’s dive into the details so you can start planning today.
1️⃣ Down Payment Assistance + Seller Credits
This is a fantastic option if you want to reduce or eliminate upfront costs. By combining a Down Payment Assistance Program (DPA) with seller credits, you can cover both your down payment and closing costs.
Here’s how it works:
- Down Payment Assistance Program (DPA): Programs like EPM’s Empowered DPA provide a 3.5% grant—not a loan—to cover your entire down payment on an FHA loan. Since FHA loans require a 3.5% minimum down payment, this grant takes care of it completely.
- Seller Credits: Homes are staying on the market longer in many areas, giving buyers leverage. By negotiating a 3% seller credit, you can cover most or all of your closing costs, saving you thousands.
With these two tools combined, you can move into your new home with no money out of pocket. This strategy is especially ideal for buyers looking to maximize affordability while keeping their savings intact.
2️⃣ The NACA Program
The Neighborhood Assistance Corporation of America (NACA) program is another incredible pathway to buying a home with zero upfront costs. Here’s what makes it stand out:
- No down payment: You won’t need to save for a traditional down payment.
- No closing costs: The program eliminates closing costs, saving you thousands of dollars.
- No credit score requirement: NACA focuses on your overall financial stability instead of your credit score.
- No income limits: Unlike many other programs, there are no restrictions based on how much you earn.
The Process:
The NACA program does require a time commitment. You’ll need to complete an extensive homebuyer education program and follow specific steps to qualify. While it takes effort, the reward is significant—you’ll be able to buy a home with no money out of pocket and access competitive interest rates.
Ready to Make Homeownership a Reality?
At Jhenesis Mortgage, Stacy Ann Stephens and her team are experts in guiding buyers through these programs. Whether you’re interested in leveraging a DPA and seller credits or pursuing the NACA program, we’re here to make the process seamless.
📞 Contact us now to get started: 407-630-9766
🌐 Visit our website for more tips: www.jhenesismortgage.com