BENEFITS TO LISTING/SELLER AGENT REALTORS:

BENEFITS TO BUYER AGENT REALTORS:

1. Increase your listings and sales by educating prospective Seller clients to how these programs work to increase the demand for their home by making the home more affordable to a greater number of qualified buyers. Most Sellers overlook the importance of creative, "win-win" financing using Down Payment Assistance (DPA), grant funds and below market interest rate offerings until they learn and then understand that by helping their prospective buyers they also help themselves!
2. The use of DPA, grant funds and below market interest rate offerings to Buyers enables Sellers to get their best price and/or terms. (Seller contributions toward buyer closing costs, reduced purchase price offers by the buyer are minimal or rendered unnecessary.) Additional "free money" from other sources can replace and/or supplement the funds that a buyer may need to make the transaction work. By introducing DPA, grant funds and below market interest rate offerings to Buyers, you can help your Sellers preemptively limit (or altogether eliminate) buyer purchase offer negotiations that would greatly reduce the Seller's net proceeds.
3. Sellers benefit by being able to more quickly liquidate their property. The attractive terms afforded to buyers by DPA, grant funds and below market interest rate offerings make the home more affordable to a greater number of qualified buyers.

1. The down payment/closing cost assistance and grant funds can be used to pay FHA or VA Buyer/Borrower closing costs and/or down payment. Most of the grant/down payment assistance programs require Buyers to have only a minimum of between $500 and $1,000 of their own money invested into the transaction. The result will be more qualified Buyers as your clients.
2. The down payment/closing cost assistance and/or grant funds can be used to "pay down" the principle balance of the Buyer/Borrower's loan. This reduces the Buyer's principle and interest payment and makes the total monthly Principle, Interest, Taxes and Insurance (PITI) payment more affordable. The increased immediate equity for the buyer will provide him/her with a better investment. This also provides the Buyer's Realtor with a valuable tool to enhance the Buyer's ability for purchasing a home that would otherwise not be affordable to the Buyer.
3. Below market interest rate programs can be used in conjunction with most down payment/closing cost assistance and/or grant fund programs to further reduce the overall total monthly payment (PITI), thereby, maximizing affordability. This provides the Buyer's Realtor with a valuable tool that can enhance the Buyer's ability to purchase a home that would otherwise not be affordable to the Buyer.
4. Using these programs can give the homebuyer a competitive edge by allowing the Buyer to offer the Seller at or near the Seller's asking/list price, while maintaining a total monthly payment comparable to a purchase offer well below the Seller's asking/list pricing. The buyer can purchase his/her home and better afford to live in it, too!