The Partners in Charity down payment and closing cost assistance is provided as gift funds from 2% to 10% of the home price.
  FHA Refinance | FHA Lending Limits       >> FHA Loan (fixed rate) | FHA Facts | FHA Loan Types | Mortgage Calculators | Down Payment Grants | FHA Foreclosures



Partners in Charity Program

FHA Loan Rates
September 05, 2008
30 Yr. Fixed
---------------
No Points
Low Interest
Best APR
15 Yr. Fixed
---------------
No Points
Low Interest
Best APR
-- -- -- -- -- -- -- --

Remember, the FHA does not make home loans. They insure the FHA loans that we can assist you in getting.

FHA.com is a private mortgage company specializing in fha home loans and is not associated with the federal government or HUD / FHA.

-- -- -- -- -- -- -- --

FHA LOAN TYPES

FHA Refinance
- - - - - - - -
FHA Secure
- - - - - - - -
FHA Reverse
- - - - - - - -
FHA Loan (fixed rate)
- - - - - - - -
Energy Efficient Loan
- - - - - - - -
Growing Equity Mortgage
- - - - - - - -
FHA Condo Loans
- - - - - - - -
Graduated Payment Mortgage

-- -- -- -- -- -- -- --

SPECIAL FEATURE:
Military Finance

Military Hub
- - - - - - - -
Online Military Banking
Military banking for veterans and their families.
- - - - - - - -
Veteran Life Insurance

Military Home Insurance
Make educated decisions for all of your insurance needs.
-- -- -- -- -- -- -- --
FHA Facts | FHA Loan Types | Down Payment Grants

FHA Cash Down Payment Grants
-- Partners in Charity

Partners In Charity is a non-profit group offering down payment assistance on properties such as single-family homes, condominiums, and multi-unit properties. Assistance is also available for rehabilitation programs. Partners In Charity funds are offered to those who qualify for FHA loans or are pre-approved for FHA loan amounts.

There is only one requirement to use the Partners In Charity program; you must intend to occupy the building you purchase. You can't get down payment assistance for purchasing a home you intend to rent. Partners in Charity offers:
  • Need-based assistance from 2% to %10 of final closing price.
  • Funds can be used for closing costs and down payment.
  • This assistance can be listed as the source of down payment in the pre-approval process.
Your lender applies for the Partners In Charity program on your behalf. This program requires the seller to participate and your loan officer and/or realtor can help you with these details.

The Partners In Charity program can be listed in your "good faith estimate" for sources of down payment funds. It's important to decide whether you want to use this program in the early stages of your planning, preferably before submitting a request for pre-approval of an FHA home loan. Your loan officer can determine your needs to enter the correct amount of the down payment on these forms.

Down payment assistance programs generally require the seller to pay a fee to participate. This fee is considered a payment for services rendered and not a tax-deductible charitable contribution.

For more information on how the grant program can be beneficial to you, you must be a qualified home buyer under the fha home loan program. We recommend that you first get pre-approved for an FHA home loan and then your lender will assist with getting you educated on the down payment program that is right for you.



Privacy Policy | Terms of Use Policy | About Us | FHA Site Map | Contact Information

Copyright © 1997- 2008 · FHA.com · All Rights Reserved
Web Design: Archimage · Houston, Texas

   

Get Started with Your FHA Home Loan
(No Credit Check)

PROPERTY LOCATION

LOAN PURPOSE




-- -- -- -- -- -- -- --

Free Credit Report
 Do you know what's on your credit report? FREE credit report and 30-day trial of CreditCheck!
-- -- -- -- -- -- -- --

FHA Foreclosed Homes
 Find homes at 50% below market value. Search now for free!

Select State:
- or -
Enter Zip:

-- -- -- -- -- -- -- --

Equal Housing Lender