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CONSUMER DEBT SOLUTIONS GRANTS
Consumer Debt Solutions, Inc. (CDS) is a non-profit corporation that promotes
homeownership by offering down payment assistance programs to qualified low
and moderate income homebuyers. This programs offers free gift funds to be
used towards the down payment and closing costs for eligible FHA loan programs.
Under this program, these funds do not have to be paid back. CDS will gift up to
$10,000 of the final sales price on a home.
Type of Assistance:
Potential applicants for this program must first get pre-qualified for this home
loan grant. Once approved, the applicant will then be referred to an approved Real
Estate agent in the applicants area in order to find a home that qualifies under the
program guidelines. Once the home is found , all offers are accepted from the seller,
and the loan is ready to close, then the gift funds are wired to the title / escrow
company and the buyer closes on the transaction.
CDS's downpayment assistance is provided directly to the homebuyer in the form of
Gift Funds, which are wired to the Settlement/Closing Agent on the day of the
settlement/closing. The gift will be up to $10,000 of the home's purchase price
and can be used for the downpayment and/or closing costs.
Eligible Customers:
All persons who meet the requirements for the PIC Program.
Additional Information:
Since the Consumer Debt Solutions Lending program uses many of the same items needed for an FHA loan,
we suggest that you familiarize yourself with all the characteristics of FHA loans by
going to Important Facts and then apply online.
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FHA HOME LOAN
FHALoan.com is a private mortgage company specializing in fha home loans and is not associated with the federal government or HUD / FHA.
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