Down Payment Assistance Programs

Down Payment Assistance Programs

Introduction To Down Payment Assistance Programs

Not every buyer has the requisite savings to put down a 3% or 3.5% down payment when purchasing a house, and seller contributions, realtor contributions and lender contributions are not allowed to be a part of the down payment.  As such, a market has developed for programs to help people buy a house without having to save a substantial amount of money for their down payment.  This is where this program comes into play

Benefits Of Using Our Down Payment Assistance Program

The Down Payment Assistance Program we offer comes with a two percent down payment assistance at the time of purchase, and can also be paired with a six percent seller contribution when buying a home. Essentially, what that means is that our borrowers can get an FHA loan, roll in their up front mortgage insurance premium, negotiate seller contributions for closing costs and receive a two percent down payment assistance, effectively moving into their property for a firm and solid 1.5% of the purchase price of the property, at the end of the day.  That means, a median price home in  Texas, roughly in the $200,000 range, can be purchased with no more than $3,000.00 as a down payment.  Many borrowers, buying homes closer to $100,000.00 will find that with a down payment assistance program they can move into their house for less than the cost of a rental deposit, making the dream of home ownership more affordable.

This down payment assistance program we use is special because unlike many different programs ours does not come with a requirement to pay back or to stay in the residence for a number of years.  If you make six payments on time all obligation to repay the down payment assistance is then gone, and a borrower can sell or refinance their property without paying that two percent back, nor having to stay in that loan long term.

Down Payment Assistance Program Loan Eligibility And Requirements

Every Down Payment Assistance Program is different, but ours offers tons of people the opportunity to participate in this program.  Among those eligible

1) First Time Home Buyers (defined as people who haven’t owned a home in the previous three years)

2) Members of the hero program (military, medical, police and fire fighters, educators, and many others)

3) Any individuals making no more than 140% of median income in their area

How We Can Help

We love to help people get into their first home.  Even if you don’t think you have enough money for a down payment we might be able to help you out.

Call today at 832-557-1095, email at or apply here now!

Getting started is easy. We offer very competitive rates, have great service, and always close on time.


Gabe Winslow
Loan Officer NMLS #1613381

C2 NMLS #135622
C2 TX #135622
C2 CO #100536491

Equal Housing Lender

Office Contact

Mortgages By Gabe
1521 Green Oak Place
Kingwood, TX 77339

(832) 557-1095

Corporate Office

C2 Financial®
10509 Vista Sorrento Pkwy
Ste 400
San Diego, CA 92121
Corporate Website

This licensee is performing acts for which a mortgage company license is required. C2 Financial Corporation is licensed by the Texas Department of Savings and Mortgage Lending, Colorado Division of Real Estate; NMLS # 135622. Loan approval is not guaranteed and is subject to lender review of information. All loan approvals are conditional and all conditions must be met by borrower. Loan is only approved when lender has issued approval in writing and is subject to the Lender conditions. Specified rates may not be available for all borrowers. Rate subject to change with market conditions. C2 Financial Corporation is an Equal Opportunity Mortgage Broker/Lender. The services referred to herein are not available to persons located outside the state of Texas and Colorado.
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C2 Financial Corporation has the ability to broker VA loans based on their relationship with VA approved lenders. C2 Financial Corporation is not acting on behalf of or at the direction of HUD/FHA or the VA.