FOR HOME BUYERS
BorrowSmart Access™: Down Payment Help for First-Time Buyers
BorrowSmart Access™ is designed to help eligible first-time homebuyers bridge the gap to homeownership by providing down payment assistance and reduced mortgage insurance. Perfect for buyers in select metro areas, this program combines affordability and flexibility to make getting into your first home easier than ever.
A home loan that makes home more affordable.
Down Payment Help
Receive assistance toward your 3% down payment.
Lower Monthly Payment
Reduced mortgage insurance premiums and competitive interest rates.
Education and Support
Includes a free homebuyer education course.
Stackable Benefits
Can be combined with other assistance programs.
Guidelines for this Loan
If your details are close to these guidelines, we encourage you to apply or contact us. Even if you don’t qualify for an adjustable-rate mortgage, we could have other options for you.
Estimate and Explore
Calculators are a great way to learn and see what’s possible.
Down Payment Calculator
Learn how much cash you need to buy the home in your mind.
Comparing BorrowSmart Access
Everyone’s situation is different. What might be right for one person might not be right for you. Apply or contact us – it’s the best way to explore your unique options.
Get More In-Depth Details
Articles that give you more information about this loan and explain how mortgages work.
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Frequently Asked Questions
Answers to questions about this loan we heard from people like you during research.
How Much Assistance Can I Get?
Assistance varies by location and borrower eligibility, but can range from $1,000 to $2,500 or more.
What are the income limits?
Income must generally be below 80%–100% of the Area Median Income (AMI), depending on the county. Ask a loan advisor to confirm your eligibility.
Can I Use This with Other Programs?
Yes! BorrowSmart Access™ can be layered with other grants, credits, or seller/lender-paid contributions.
Do I Have to Repay the Assistance?
Most assistance provided through BorrowSmart Access™ is a non-repayable grant or forgivable after a set period—verify specifics with your lender.
Is There a Special Application Process?
Yes, and it includes completing a free homebuyer education course and submitting proof of eligibility.
