Homes For Heroes

What is it?

Geneva Financial is committed to America’s everyday heroes. We carry multiple HERO mortgage products, including a 2% down payment assistance program.

This nearly nationwide* program is designed to provide down payment assistance equal to 2% or 3.5% of the purchase price to a wide variety of eligible borrowers.

Benefits:

• A simple one-step process: the application is streamlined for the borrower, using the 1003 they have already completed!

• DPA is a grant equal to 2% or 3.5% of purchase price

• May be combined with up to 6% seller concession for closing costs

• No resale or borrower repayment restrictions

• Can be used with the FHA 203(b) program

• Total borrower’s income is equal to or less than 140% of the median area income

• First-time home buyers

Who can get a hero loan?

Any borrower on the loan application who is a current, retired volunteer, or non-paid:

• First-responder: police officer, firefighter, public safety officer, paramedic, or emergency medical (EMT), including volunteers or similar

• Educator

• Medical personnel: nurse, doctor, phlebotomist, or health ambassador, or hospital, American Red Cross worker, or similar

• Civil servant in a federal, state, or local municipality

• Military personnel