Down Payment Options
Learn about our down payment assistance options.
What Down Payment Assistance Options Are Available?
Your down payment is one of the most important aspects of your home purchase! By taking advantage of down payment assistance options from Lake Area Mortgage, you may be able to afford your first home, lower your interest rate, and reduce or eliminate private mortgage insurance. Use our home loan calculator to see how down payment assistance options could benefit you.
Down payment assistance may be available in the form of first-time homebuyer programs, home loan grants, or other special mortgage loan options. The goal of these programs is to help as many people as possible turn their dream of owning a home into reality.
Want to see if you may qualify for down payment assistance? Our mortgage loan officers are here to help.
Contact a loan officer to explore your down payment options today.
This is not a commitment to lend or extend credit. Restrictions may apply. Rates may not be available at time of application. This is not an offer to enter a loan agreement at a specific rate. Information and/or data are subject to change without notice. All loans are subject to credit approval. Not all loans or products are available in all states. Lake Area Mortgage™ is a division of Royal Credit Union. 1200 County Road E. Ste 200, Arden Hills, MN 55112; NMLS# 543781, Equal Housing Opportunity.
