Our Services

Here at Water Mortgage, we offer many services related to your mortgage needs.

Down Payment Assistance

If you want to become a homeowner, but you don’t have enough cash for a down payment, a state or local down payment assistance program might be able to help. Most states and many counties and cities offer grants and no-interest loans to help home buyers pay for down payments and closing costs.

How do down payment assistance programs work?

The help comes through state housing finance agencies as well as cities, counties, nonprofits and even some employers. Often the programs are offered in combination with mortgages geared to first-time home buyers.The types of closing cost and down payment assistance vary by program. Common forms of assistance include:

Who can get down payment assistance?

Most down payment assistance programs are geared to first-time home buyers. But more than a third, 38%, of homeownership programs are open to eligible repeat buyers, according to Down Payment Resource, a company that tracks more than 2,000 such programs, including those that offer down payment or closing cost assistance.

Even if a program has a first-time home buyer requirement, don’t count yourself out just because you've previously owned a home. The programs typically define a first-time buyer as one who hasn’t owned a home for the past three years.

Some local programs target certain groups, such as teachers, police officers, emergency responders or city employees.

Requirements for down payment assistance programs vary, but typically you must:

How to find Down Payment Assistance Programs

That's where we come in. After you contact us and send us your information, we'll be able to contact all Down Payment programs that we have contact with, and be able to determine the best one for you.

Let us help you today.

Start your loan application and we will contact you in up to 48 hours. You can also book a call with us, or fill the form below for any questions you have!

Contact Form

After finishing the form, we will contact you in up to 48 hours.

What are you looking for?

Full Name
What's your best contact email?
Phone Number
What is your FICO credit score?
What is your monthly income?
In what city do you plan to live on?
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