What is the catch with down payment assistance and second liens?

Down payment assistance programs and second lien products help buyers who lack cash for a full down payment, but they come with trade offs you need to understand. Some programs are true grants that do not require repayment, while others are silent second mortgages that must be repaid when you sell or refinance. Many have income limits, property restrictions, or require you to take a slightly higher interest rate. You may also face additional underwriting, longer closing timelines, and requirements like homebuyer education. There is no universal catch, but the terms vary widely and you need to read the fine print. The specifics depend on your situation and a licensed lender should confirm what programs you qualify for and their true costs, and Jon can connect you with one.

Specifics depend on your situation and should be confirmed with a licensed lender. Jon can connect you with one: text (623) 826-0888.