Tori McConnell Mortgage Lender
Region: US
Tuesday 06 January 2026 22:46:06 GMT
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Comments
guardianofk9s :
I have an FHA loan with 1st time home buyer downpayment assistance for $15k. I have to pay it back when I see, but at 0% APR.
2026-02-21 22:35:18
1
Kevin Woods :
Don’t those down payment assistance programs for first time homebuyers have really strict income limits?
2026-01-07 22:37:59
4
krista :
I still would prefer to utilize them to save my own funds for the emergencies and new paint and new stuff the house will absolutely need. I think it all depends on case to case like you say! But people should definitely stop assuming it’s free.
2026-01-07 04:01:11
44
RR Shine Landscaping :
Take the free money. Make sure u r buying the house below market value. Pay the mortgage for 7 years. Look to sell on the upside
2026-01-07 17:20:40
2
Carlos Muñoz | Loan Officer :
Yeah, but why would you be comparing it to a 30 yr term? It’s highly unlikely for someone to keep this loan for 30 years. I would have done $7,000/130=that’s a 4.5 years of higher pymts to save the 7k however since it’s grant/ which sounds like FHA you could of done a streamline or simple refi down the line and perhaps in a short term. Maybe with lender credit, to offset closing costs you could have still offered a 5.875% at the time of the streamline or refi and got the grant and the lower rate 😊
2026-01-07 22:54:46
2
Yolanda Hayes, NC Realtor🏡 :
All money isn’t good money!
2026-01-22 20:31:20
2
Amilying? :
Give 4 years of your life to the government. I haven’t regretted it yet
2026-01-07 12:29:41
6
huh :
Need a good lender in CA!!!!
2026-02-02 21:55:59
3
Realtor Margarita Cruz :
I ❤️you, most lenders Will Not honest with this 🙌🏼 thank you for telling them🫶🏼
2026-01-07 01:37:37
18
Hache :
yeah but you're assuming this is someone's forever home. it's a case by case basis imo
2026-01-07 00:47:59
2
Nubiangodess :
Mortgage underwriter here and I wish the LO’s would explain this to the borrowers
2026-01-09 03:17:42
15
MikeTheRealtor :
I try explaining this to every client and it's the funniest conversation to have because they always choose the "free money".
2026-01-07 06:17:51
1
Somebody’s momma :
I’m taking the 2nd option
2026-01-06 23:01:39
1
Zach McConnell :
oh boy....
2026-01-07 12:05:12
4
🫶🏽 :
Can’t she just refinance…
2026-01-08 01:40:58
2
Credit.org :
Also sometimes that “free money” could be owed if you decide to sell! Research is your best friend when buying a home!
2026-01-16 02:22:06
4
Candess Correll, DMV REALTOR :
Greattttttt info
2026-01-07 01:27:37
1
EL PASO REALTOR :
🔥🔥🔥🔥🔥 Yessssssssssssssssssssssssss🔥🔥🔥🔥🔥
2026-01-07 20:46:19
1
youth.n.asia :
yeah I qualified for down payment assistance, but my lender bank also offered me a portfolio loan where I'd have to pay the down payment myself, but I had a lower interest rate and no mortgage insurance on the loan
2026-01-07 14:58:43
1
aprilphelps433 :
My son was pre-approved for a mortgage of $150,000 & when he asked if he would also qualify for down payment assistance she said yes BUT it would take his pre-approval down to $135,000 because he would have to pay it back. She was straight up about it & he appreciated it.
2026-03-02 12:54:34
0
Ari Costilla :
🥰🥰🥰
2026-01-07 15:48:09
3
Chelsey🦋 :
Just get a usda loan.. $0 down
2026-02-09 13:47:05
4
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