First Time Home Buyers - How To Buy a Home

20 - Empowered 3.5% Down Payment Assistance Program - Forgiven after 6 Months


Listen Later

I'm talking about one of my favorite down payment assistance programs that you can qualify for even if you make a higher income.

If you qualify for an FHA loan, you likely can qualify for this.

This program offers a 2% or 3.5% forgivable down payment and/or closing cost assistance with NO income limitations! That's right - no matter how much money you make, you may still qualify for this amazing opportunity. It can cover your down payment or closing costs, making it easier for you to afford upfront costs and become a homeowner.

Now, down payment assistance programs are not unusual, but what sets this program apart is that it's fully forgiven after just six months! Plus, this program is eligible in all states, except Washington. 

The main points I cover:

  • Intro
  • What is Down Payment Assistance
  • The Empowered 3.5% Program
  • Qualifications Needed
  • Program Limitations
  • How To Take Action


Meet ONE of the following 
* First-Time Homebuyer
* Current/Retired Employment or Volunteer/Non-Paid Member (Specific Job Types like working in the medical/education/first responder/etc.)
* Income
* Underserved Census Tract

Must Have:
Credit Score 620+
Take a Homebuyer Counseling course

Typically the cost is about 1% to 1.5% above a standard non-DPA FHA loan.
I have more info on down payment assistance, with more videos and podcast episodes added all the time: https://fthbpros.com/down-payment-assistance-programs/

Send us a text

Support the show

Find all our episodes, articles, newsletter, and resources on our main site: https://FTHBPros.com

Looking for a local real estate agent outside of California?
We’ve partnered with Home & Money, simply go to https://homeandmoney.com/FTHB/ and we’ll help connect you with a local, vetted agent.

Contact Information:

Philip Mastroianni – Loan Officer & Real Estate Agent
(949) 357-5029
[email protected]

NMLS# 2141541
DRE# 02141890

Monica Mastroianni – Real Estate Agent
(951) 395-1848
[email protected]
DRE# 02099257
Legacy Homes Realty

...more
View all episodesView all episodes
Download on the App Store

First Time Home Buyers - How To Buy a HomeBy Philip Mastroianni

  • 4.9
  • 4.9
  • 4.9
  • 4.9
  • 4.9

4.9

23 ratings


More shows like First Time Home Buyers - How To Buy a Home

View all
The Ramsey Show by Ramsey Network

The Ramsey Show

38,895 Listeners

The Joe Rogan Experience by Joe Rogan

The Joe Rogan Experience

225,926 Listeners

Pardon My Take by Barstool Sports

Pardon My Take

81,958 Listeners

This Past Weekend w/ Theo Von by Theo Von

This Past Weekend w/ Theo Von

27,192 Listeners

The Daily by The New York Times

The Daily

111,059 Listeners

Up First from NPR by NPR

Up First from NPR

55,993 Listeners

First Time Home Buyer Podcast by Ryan Owens

First Time Home Buyer Podcast

28 Listeners

Crime Junkie by audiochuck

Crime Junkie

367,412 Listeners

On Purpose with Jay Shetty by iHeartPodcasts

On Purpose with Jay Shetty

26,971 Listeners

How to Buy a Home by David Sidoni

How to Buy a Home

871 Listeners

Dateline NBC by NBC News

Dateline NBC

47,504 Listeners

Smart Homebuying Podcast: Formally knows as The First Time Home Buyer Podcast by Laura Moreno

Smart Homebuying Podcast: Formally knows as The First Time Home Buyer Podcast

85 Listeners

Home Truths: The First Time Buyer Podcast by Halifax

Home Truths: The First Time Buyer Podcast

0 Listeners

New Heights with Jason & Travis Kelce by Wondery

New Heights with Jason & Travis Kelce

21,452 Listeners

The Mel Robbins Podcast by Mel Robbins

The Mel Robbins Podcast

19,698 Listeners