< Back to News & Insights
Low Down Payment Options
March 13, 2015 — 2 min read
As mortgage rates ticked slightly higher, lenders have begun to offer an assortment of lower down payment loan options, helping homebuyers maximize their purchasing power. These options provide opportunities for homeownership to credit-worthy borrowers who desire to become successful homeowners.
Low or zero down payment mortgage options, including FHA, VA, and USDA play an important role in helping clients realize their dreams of homeownership. The Platinum Purchase Program provides eligible homebuyers with a grant up to 5% of their loan, which can be used towards down payment or closing costs, with no repayment required. This potentially helps borrowers purchase a home much sooner than they thought possible.
Grant programs like these are available to help borrowers come up with a down payment, and can often be combined with low down payment loan programs so your clients don't have to provide any out-of-pocket funds! The Platinum Purchase Program recently updated their county income limits for eligible borrowers in Oregon, Washington, Idaho, and Utah.
With spring home buying season upon us, contact us today to find out how to qualify for these great loan opportunities!
Categories
Archives
Recent Posts
- Love Your Home? Skip the Chocolate—Speak Your Heart with a Cash-Out Refinance
- Sayonara, Shiplap: Decorating Trends on the Way Out in 2023
- Not Your Dad’s Note: How Have Mortgages Changed Over the Years?
- Too Much Holiday Spending? How to Consolidate Debt
- Should I Lock My Mortgage Rate Today? Knowledge Is Key
- What Are the Tax Benefits of Owning a Home?
Getting started >
You bring the dream. We'll bring the diagram.
There’s a financing solution for just about every situation.
What our clients say >
I felt like I was treated like family, great communication and helping me with any questions I had.
Getting started >

You bring the dream. We'll bring the diagram.
There’s a financing solution for just about every situation.
Find an advisor >
Where does your sun shine? Find your local advisor.
Enter your city or state to see advisors near you.
Careers at PacRes>
We’re growing. Grow with us.
Careers at PacRes reward excellence in mortgage banking.
Build a better tomorrow