About The Mortgage Calculator

We are a licensed mortgage lender with over 4,500 mortgage loan programs that specializes in the following types of mortgage loans:

• Conforming Home Loans
• Jumbo Home Loans
• FHA Mortgage Loans
• VA Mortgage Loans
• USDA Mortgage Loans
• Bank Statement Loan Programs
• First-Time Home Buyer Loans
• Reverse Mortgages
• Renovation Mortgages
• One Time Close Construction

• DSCR Investor Loans
• Short-Term Rental Property DSCR Loans
• Commercial Real Estate Mortgage Loans
• Multi-family Real Estate Loans
• Hard Money Loans
• Bridge, Fix & Flip Loans
• Multiple Property Portfolio Loans
• Foreign National Mortgage Loans
• Land Loans
• Ground Up Construction Loans

The Mortgage Calculator is a licensed Mortgage Lender (NMLS #2377459) that specializes in using technology to enable borrowers to access Conventional, FHA, VA, and USDA Programs, as well as over 5,000 Non-QM mortgage loan programs using alternative income documentation! 

Using The Mortgage Calculator proprietary technology, borrowers can instantly price and quote thousands of mortgage loan programs in just a few clicks. The Mortgage Calculator technology also enables borrowers to instantly complete a full loan application and upload documents to our AI powered software to get qualified in just minutes!

Our team of over 400 licensed Mortgage Loan Originators can assist our customers with Conventional, FHA, VA and USDA mortgages as well as access thousands of mortgage programs using Alternative Income Documentation such as Bank Statement Mortgages, P&L Mortgages, Asset Based Mortgage Programs, No Ratio CDFI Loan Programs, DSCR Investor Mortgages, Commercial Mortgages, Fix and Flip Mortgages and thousands more!

DOWN PAYMENT ASSISTANCE MORTGAGE PROGRAMS

DOWN PAYMENT ASSISTANCE MORTGAGE PROGRAMS ARE DESIGNED TO HELP HOMEBUYERS WHO CANNOT AFFORD THE DOWN PAYMENT AND CLOSING COSTS ASSOCIATED WITH BUYING A HOME. THESE PROGRAMS OFFER FINANCIAL ASSISTANCE TO HELP WITH THE UPFRONT COSTS OF PURCHASING A HOME. HERE ARE SOME THINGS THAT HOMEOWNERS SHOULD KNOW ABOUT DOWN PAYMENT ASSISTANCE MORTGAGE PROGRAMS:

• Eligibility requirements: Down payment assistance programs have eligibility requirements that must be met to qualify for assistance. These requirements may include income limits, credit score requirements, and restrictions on the location and value of the property.
• Types of assistance: Down payment assistance can come in many forms, including grants, loans, and forgivable loans. Some programs require repayment while others do not. Some programs also offer assistance with closing costs.
• Application process: Homebuyers interested in down payment assistance programs can apply below to explore eligible programs. The application process can be lengthy and will require full documentation such as tax returns, bank statements, and pay stubs.
• Limits on assistance: Down payment assistance programs typically have limits on the amount of assistance that can be provided. These limits vary by program and may depend on the location and value of the property.
• Repayment requirements: If a down payment assistance program requires repayment, homeowners should be aware of the terms and conditions of repayment. These may include interest rates, payment schedules, and penalties for early repayment.
• Impact on mortgage: Down payment assistance programs may impact the type of mortgage that a homebuyer can obtain. Some programs may require certain types of mortgages or may limit the amount of the mortgage that can be borrowed.
• Long-term affordability: Homeowners should consider the long-term affordability of their mortgage payments, taking into account the costs of homeownership such as property taxes, insurance, and maintenance.

In summary, down payment assistance mortgage programs can be a valuable resource for homebuyers who need help with upfront costs. However, homeowners should be aware of the eligibility requirements, application process, repayment requirements, and long-term affordability before applying for assistance.