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REI Down Payment Assistance has created two different programs to meet your down payment and closing cost assistance needs. The programs are developed for people that have good jobs and the ability to re-pay a loan, but have not been able to save for the down payment or closing costs on a home.

<strong>REI Market Rate Program - Closing Cost Assistance for Government Loans</strong>

The REI Market Rate Program helps you with the closing costs associated with an FHA, HUD 184, and Rural Development Loan. Many times, people have the funds to make the required down payment for their home loan, but not enough for the closing costs and the Seller is only willing to help with a portion of the closing costs or not at all.

<strong>REI CHOICE100 - Down Payment and Closing Cost Assistance - Fannie Mae My Community Mortgage Loans</strong>

The REI Choice100 program is just that, it provides you with numerous choices and types of assistance. The program is utilized with Fannie Mae's 95% My Community Mortgage loan. We have structured the program to provide you with a second mortgage of 5% along with the "choice" to pay a higher interest rate and receive an additional 2% or more in assistance. The choice is yours and can be made with direction from your lender.

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