Detailed breakdown of the money trees and how they work
Ida program - individual development account-An IDA is a special bank account that helps you save for your education, the purchase of a first home, or to start a business.
Down payment assistance- TSAHC provides mortgage loans and down payment assistance grants and second liens to eligible home buyers through the following programs:
Search google: "Down Payment Assistance in ... (State, county, community organization in your area)
*DPA available for up to 5% of the loan amount*
Seller concessions are when the seller pays a part of your closing costs. Unfortunately, this does not mean you'll receive those funds in cash or as a discount on your loan. Instead, the seller offers to pay a certain amount by raising the cost of the home
Lender credit- A lender credit is money from your mortgage lender to help cover the mortgage-related closing costs associated with the purchase of your house. Your lender may offer you several thousand dollars in credit to cover most (or all) of the those costs. That credit is then applied to your mortgage
Realtor Credit- if you sign an exclusive with your realtor and realize your a couple of hundred dollars short of the money necessary to close your realtor and can communicate that with their broker and can have a portion of the realtors commission cover a small portion of the closing costs.