How does the seller benefit by using Newsong Down Payment Assistance?
By using Newsong Down Payment Assistance, a seller can market a home to a much larger group of prospective buyers than sellers who do not utilize the program. Millions of people want to buy homes, have the income and credit to qualify for loans, but do not have the funds necessary for the down payment and closing costs. Newsong bridges this gap. Typically it can take weeks or even months to sell a home. Most sellers reduce their prices 7-10% or more and make other concessions in the process of selling their homes. With Down Payment Assistance most sellers are able to negotiate a better price and sell the home faster.
