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FUTURES HOME ASSISTANCE PROGRAM
Futures Home Assistance is a non-profit charity group which offers a down payment gift up to 6% of the closing costs of a home purchased with an FHA loan. The application process for the Futures Home Assistance program includes the following steps:
- Find a participating seller.
- Make an offer with a pre-approved FHA home loan or with an existing FHA loan.
- The seller must agree to participate in the Futures Home Assistance program.
- Ask your loan officer to apply on your behalf for the Futures Home Assistance program.
If you have an approved FHA home loan, Futures Home Assistance should respond within 24 hours of application (or the next business day). You may be eligible for additional funds beyond the usual 6%. Ask your loan officer for additional information.
Down payment assistance programs usually require the seller to pay a fee to participate. The fee is a payment for services rendered and not a tax-deductible charitable contribution. Ask your loan officer for further information if you have questions.
Additional Information:
Since the this program uses many of the same items needed for an FHA loan,
we suggest that you familiarize yourself with all the characteristics of FHA loans by
going to FHA Loan Program: Important Facts and then apply online.
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FHALoan.com is a private mortgage company specializing in fha home loans and is not associated with the federal government or HUD / FHA.
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