– Local Down Payment Assistance Programs. Many state or local down payment assistance programs reduce or eliminate the need for a down payment. They are often in the form of an interest-free, "silent" second mortgage that doesn’t need to be repaid until the house is sold, refinanced, or paid in full.
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House poised to consider higher ed spending changes – “Every building will require a down-payment as well as an escrow account to ensure for its future maintenance,” Oliva said this month. Under the House proposal. of the building’s value for a period.