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Unlock Your Path to Homeownership with BorrowerSmart Loan Program

Unlock Your Path to Homeownership with BorrowerSmart Loan Program


Millennial Home Loans is now offering the BorrowerSmart Conventional Loan program, providing a special limited-time offer with a Down Payment Credit of $1,250 or $2,500. In this blog post, we will explore the key benefits and eligibility requirements of the BorrowerSmart program, showcasing how it can help individuals achieve their dreams of owning a home.

The BorrowerSmart program offers a generous down payment credit from the lender, amounting to either $1,250 or $2,500 based on 80% and 50% of the Area Median Income, respectively. This credit effectively reduces the cash-to-close requirements for homebuyers, making homeownership more affordable and accessible.

In addition to the down payment credit, BorrowerSmart provides eligible homebuyers with a grant of up to $2,500 from the lender. This grant comes with no repayment requirement or silent second lien, relieving homebuyers from the burden of additional financial obligations

One notable advantage of the BorrowerSmart program is the absence of geographic restrictions. Homebuyers are free to purchase a property in any location they desire, providing them with flexibility and the opportunity to find their ideal home without limitations.

While the BorrowerSmart program welcomes first-time homebuyers, it is not exclusive to them. Whether you’re a first-time buyer or someone seeking a better housing solution, BorrowerSmart supports your homeownership goals.

To qualify for the BorrowerSmart program, borrowers must meet certain criteria. This includes having a minimum middle credit score of 620, adhering to the conforming loan limits for the loan amount, and receiving LP Accept underwriting findings. The program also allows for a maximum loan-to-value ratio of 97%, ensuring borrowers have the flexibility they need to secure their desired property.

To make the homebuying process even more attainable, the BorrowerSmart program permits a maximum seller closing cost assistance of 3% to 6%, depending on the down payment amount. This assistance can significantly alleviate the upfront costs associated with purchasing a home.


The BorrowerSmart Loan program offered by Millennial Home Loans provides a remarkable opportunity for individuals to overcome financial obstacles and realize their dreams of homeownership. With its generous down payment credit, grant assistance, lack of geographic restrictions, and tailored eligibility requirements, this program empowers homebuyers to take the crucial step towards owning a home. Don’t miss out on this limited-time offer—seize the opportunity today and open the doors to a brighter future through BorrowerSmart.

Unlock Your Path to Homeownership with BorrowerSmart Loan Program
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