Many buyers have the income and credit to buy a home but not the cash to close. Others have the savings and would rather keep them. Kind Conventional DPA helps with upfront costs, so buyers can get the keys and keep a cushion.
What Is Kind Conventional DPA?
Kind Conventional DPA pairs a 30-year fixed conventional mortgage with a second loan of up to 4% of the purchase price or appraised value, whichever is lower. Use it for your down payment, closing costs, or both.
Why Buyers Like It
What You'll Need
How the Second Loan Works
The assistance is a second loan, not a grant, and it isn't forgiven. It has the same interest rate as your first mortgage and a monthly interest-only payment that counts toward qualifying. It's repaid when you sell, refinance, pay off your first mortgage, or transfer the home.
Ready to buy without draining your savings? Talk with a Kind Lending loan officer to see how much help you could get.
Available in AK, AR, AZ (Not eligible in Phoenix or Maricopa County), CO, CT, IA, ID, KS, NC, ND, NE, NH, NM, OK, OR, PA, RI, SD, UT, VT and WY. Eligible state list varies by second lien partner. Connect with a Kind Loan Officer for the current list.
Down payment assistance and/or closing cost assistance programs are subject to borrower qualification, property eligibility, program availability, underwriting approval, and funding availability. Assistance amounts, loan terms, interest rates, and payment obligations vary by program and borrower qualifications. Program availability and eligible states are subject to change without notice. Not all applicants will qualify. This advertisement is for informational purposes only and is not a commitment to lend. Additional terms and conditions apply.
