Millennial Home Loans is offering a limited time opportunity the Purchase Plus Conventional Loan program, designed to reduce the financial barriers associated with homeownership. The Purchase Plus Conventional Loan program offers a significant down payment credit of $5,250 from the lender. This credit effectively reduces the down payment requirement for a 3% conventional loan, providing homebuyers who currently live in eligible areas in Maryland and Pennsylvania the necessary financial boost to enter the housing market. With reduced down payment requirements, homebuyers can turn their homeownership aspirations into a reality.
Best of all the $5,250 down payment assistance grant, does not require repayment or create a silent second lien. Unlike some programs that impose geographic restrictions, the Purchase Plus program allows homebuyers the freedom to purchase a home in any location they desire. Whether you’re searching for a metropolitan lifestyle or a suburban sanctuary, this program supports your homeownership goals without limiting your options.
Other Purchase Plus program guidelines require that one of the borrowers on the loan application must be a first-time homebuyer, defined as someone who has not owned a residential property in the three years prior to purchasing their new home. In addition, the Purchase Plus Conventional Loan program doesn’t have either income restriction based on the income of the borrowers on the loan or the household income.
To make the homebuying process even more accessible, the Purchase Plus program allows for a maximum of 3% to 6% seller closing cost assistance, depending on the down payment amount. This additional support can help homebuyers manage their upfront expenses more effectively.
Millennial Home Loans’ Purchase Plus Conventional Loan program provides a valuable opportunity for homebuyers to overcome financial hurdles and embark on their homeownership journey. With its generous down payment grant assistance, flexibility in location choice, and tailored eligibility requirements, this program is specifically designed to empower homebuyers in their pursuit of owning a home. Don’t miss out on this limited-time offer—take the first step towards homeownership today and unlock a brighter future for yourself.