Cash Saver Down Payment Assistance Program Loan (DPAL)

Cash Saver Down Payment Assistance Program Loan (DPAL) is sponsored by Genesee Regional Bank (GRB). The Cash Saver Down Payment Assistance Program Loan (DPAL) helps overcome obstacles to homeownership by providing down payment and closing cost assistance.

Cash Saver Down Payment Assistance Program Loan (DPAL) Professional Practice Banking Specialized Banking Services Commercial Real Estate Financing Solutions Smart Start Youth Bank Accounts Relationship Banking Team Mortgage Update With Mike & Joe One of the biggest obstacles to owning a home is the amount of funds needed for the down payment, pre-paid items, and closing costs.

The Cash Saver Down Payment Assistance Program Loan (DPAL) can help! To help applicants overcome the cash-out-of-pocket obstacle, GRB offers the Cash Saver DPAL program to provide down payment assistance. This second mortgage of up to $10,000 allows borrowers to secure down payment and closing cost assistance.

The Cash Saver may be used to replace seller concessions and fills the gap when households are over the income limits for grants but may still be short money for closing. Using a DPAL offers flexibility for a range of buyers.

Cash Saver guidelines include: No requirement to be a first-time home buyer Completion of a homebuyer education class required DPAL interest rate is the same rate as the first mortgage May be used for down payment, pre-paid items and closing costs Available for 1-4 family owner-occupied properties Maximum household income levels apply Click the button below to fill out our ‘Contact Us’ form, and a GRB Mortgage Originator will be in touch to answer your questions!

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Please do not include any non-public personal or sensitive information (such as SSN, account numbers, or income), as email messages may not be secure and/or confidential. Users must be of legal age to enter into a contract to begin the mortgage application process. We're glad you're here!

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