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FIRSTDown

FIRSTDown is a fixed-rate second mortgage loan program that provides down payment and closing cost assistance for first-time homebuyers. Here are some quick facts about FIRSTDown:

  • Up to $8,000 to assist with down payment and closing costs.
  • Must be combined with MFA's FIRSTHome first mortgage loan program.
  • Borrowers are subject to the same income limits as the FIRSTHome program. To see a list of income limits, click here. 
  • An extended repayment term and affordable interest rate provides the homebuyer with a budget-friendly monthly payment.
  • Credit score and homebuyer counseling requirements are the same as the FIRSTHome program.

 

For more information about the FIRSTDown program, click here to download a factsheet. 

 

 

 

 

Fact Sheets

MFA Non-Fillable Fact Sheets

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MFA Fillable Fact Sheets

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Current Rates

Current interest rates

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Mortgage Calculator

Use a mortgage calculator to find out what price home you can afford using a FHA or Conventional loan and how much your payments will be. 

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