Purchasing a home can feel overwhelming, especially when it comes to saving for a down payment. Greenway’s SmartBuy™ Down Payment Assistance Program is designed to make homeownership more accessible by helping borrowers cover the minimum investment required for an FHA-insured mortgage.

With less cash upfront, fewer restrictions, and options to lower your interest rate, SmartBuy™ can get you into your new home sooner — with less hassle and fewer roadblocks.

Key Benefits of SmartBuy™

• No income or first-time buyer restrictions 

• Flexible financial assistance – Borrowers can use up to 5% of the purchase price for a down payment, closing costs, or even to reduce their interest rate.

• Temporary interest rate buydowns – Lower your monthly payments during the early years of your mortgage.

• 203(k) renovation financing available – Combine your down payment assistance with funds to renovate your new home.

• Repayable or forgivable second mortgage options – Choose the option that works best for your financial situation.

• Eligible properties – Single-family detached or attached homes qualify.

How the Program Works

Repayable Second Mortgage:

• 10-year term at a fixed 9.99% interest rate (not credit-based)

• Minimum credit score: 660

Forgivable Second Mortgage:

• 0% interest, no monthly payments

• Fully forgiven after 60 months if the borrower remains in the home

• Minimum credit score: 620

THE FINE PRINT:

• Available in eligible states where licensed (not available in New York)

• Other eligibility requirements, exclusions, and terms apply. Contact a Greenway Mortgage Loan Officer for more information and to see if you qualify. 

Bottom Line:

By providing financial flexibility and reducing upfront costs, Greenway’s SmartBuy™ program can make homeownership more attainable from day one. Whether you’re a first-time buyer or simply looking to save on cash upfront, this program offers a smart, stress-free path to your new home.

Contact us today for more information and to see if you qualify.