New Changes for the City of College Station Down Payment Assistance Program






Are you or someone you know dealing with a situation where a current home is for sale and will be moving into another that has been recently purchased? College Station’s Down Payment Assistance Program may have an option for you to consider when taking on a new mortgage while trying to sell your existing home.


The changes within the program include offering gap financing on a need basis with shared equity up to 30% of a home’s sales price. Another term for this is a bridge loan, as it “bridges the gap” between the sale of a current property and the purchase of a new property.


This is typically a short-term loan scenario, and with College Station’s new program this would also include a 0% interest deferred loan that is payable when the current property is no longer being occupied by the owner.


For more information on the program please visit:


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