Community One Grant Program
Down Payments as Low as 1%* CMG Home Loans is dedicated to providing affordable financing options and with our new CMG Community ONE down payment assistance program, our goal is to help more home buyers achieve the dream of home ownership. -Out-of-pocket cost to purchase a home is drastically reduced -Provides an affordable solution from rising rent values -Offers the opportunity to establish home equity -Start building generational wealth through homeownership
Details
- Down Payment Assistance TypeGrant
- Down Payment Minimal %1%
- First-Time HomebuyersYes
- Mortgage InsuranceYes
Eligible Property Types
- Single Family Home
Loan Term
- 30 year
Down Payment Assistance Amount (Explanation)
Available to homebuyers meeting income and other requirements, in select areas within CA, IL, MA, MS, NY, TN, TX.
Funds can be used for:
- Down Payment
Occupancy Type
- Primary Home
Financial Instution
CMG Home Loans
Meet-Up Availability
- Virtual
- In-Person
- By Phone
Role
Loan Officer
Disclosures
**This program is available to borrowers meeting income requirements in select census tracts within CA, IL, MA, MS, NY, TN, and TX. Payment example: Stated rate may change or may not be available at time of rate lock. If you bought a $250,000 home with a 30 year loan at a fixed rate of 6.0% (6.376% Annual Percentage Rate), with a down payment of 3%, for a loan amount of $242,500, you would make 360 monthly payments of $1,454.00. Payment stated does not include mortgage insurance, taxes and homeowners insurance, which will result in a higher payment.
Location
731 Bielenberg Dr suite 204, Woodbury, MN 55125, USA