3% Lender Grant

In today’s competitive real estate market, saving for a down payment can be a significant barrier to homeownership. River City Mortgage’s 3% Lender Grant Program is designed to make owning a home more accessible by offering financial assistance for down payments.

Unlock Homeownership with River City Mortgage’s 3% Lender Grant Program

What is the 3% Lender Grant?
This program provides eligible homebuyers with a 3% lender grant that covers part of the down payment. Structured as a 0% interest loan, it alleviates financial strain, making homeownership more attainable.

How the 3% Lender Grant Works
The 3% lender grant helps buyers by covering a portion of their down payment. This 0% interest loan must be repaid, but it does not accrue additional interest charges, reducing the financial burden.

The 3% Lender Grant


Flexible Loan Terms


0% Interest Loan


Reduced Upfront Costs


Competitive Interest Rates

Eligibility Criteria

To be eligible for the 3% lender grant, buyers typically need to meet specific criteria, including:

  • Demonstrate stable income and employment history.
  • Maintain a good credit score.
  • Meet specific credit score and income requirements.
  • Complete a homebuyer education course for first-time homebuyers.

By meeting these requirements, buyers can access the lender grant and leverage its benefits.

Benefits of the Conventional Mortgage with a 3% Lender Grant

Reduced Upfront Costs: The grant covers the down payment, significantly lowering the initial costs of buying a home.

0% Interest Loan: The loan is repaid without interest, reducing financial strain and only requiring repayment upon sale or refinance.

Competitive Interest Rates: Benefit from competitive rates that offer long-term savings.

Flexible Loan Terms: Choose from various loan terms to suit your financial goals, whether you want to build equity faster or have lower monthly payments.

Is the 3% Lender Grant Right for You?

These answers to homeowner’s commonly asked questions may help guide you. To take the next step, our loan officers can help you make your loan more affordable.

How do I determine if the Conventional Mortgage with a 3% Lender Grant aligns with my financial goals and circumstances?

While the Conventional Mortgage with a 3% Lender Grant presents undeniable advantages, it’s essential to consider whether it aligns with your financial goals and circumstances. Prospective homeowners should carefully assess their eligibility, repayment capabilities, and long-term financial outlook before proceeding. Consulting with a mortgage advisor or financial expert can provide invaluable guidance throughout the homebuying journey.

How does the 3% Lender Grant from River City Mortgage make homeownership more attainable?

The River City 3% Lender Grant offers a promising avenue for individuals aspiring to achieve homeownership. By providing a 0% interest loan to cover the down payment, this innovative financing option opens doors to homeownership for those who may have previously felt excluded from the market. With careful consideration and planning, buyers can seize this opportunity and embark on the path towards owning their own piece of the American dream.