what kind of down payment assistance is available for conventional programs?

There are no DPA programs that would help you avoid mortgage insurance. The fact that you would need DPA money to purchase a home in itself make your loan much more risky than someone who put 20% or more down. DPA programs aid low income borrowers in the MINIMUM down payment requirements necessary to purchase a home. You can use the DPA monies for FHA or conventional, but with conventional, you will need a total of 5% or more down payment from your own funds. Any DPA funds would be applied after your contribution. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. William J. Acres, Lender411's number ONE lender in Arizona. 480-287-5714 WilliamAcres.com

We don't any down payment assistant programs for conventional loans but we allow the down payment to be 100% gifted. If this is an option for you and you would like to discuss the details give me a call 602-531-7040 or email me at jafonso@azhomerates.com. Thank you and I am looking forward to speaking with you soon.