Down Payment Program

Buy & Save is a convenient new plan that helps you save the necessary down payment funds to buy your new Beazer home. Here, we will set a specific schedule that allows you to make weekly or monthly payments so your down payment is fully funded in time to close. For more information please contact any Beazer Home Counselor.

Any net proceeds you receive from sale of your current residence can be used to fund your own payment. “Net” means the actual amount you receive after all costs are deducted. For more information, please contact your mortgage lender.

You can use funds from these types of investments usually at 60% of their value. A higher percentage can be used (minus Federal income tax and withdrawal penalties) if proof can be provided. For more information, please contact your mortgage lender.

These are funds received if you’re a licensed real estate agent entitled to a commission from the sale of the property being purchased. Funds can be used with no adjustment to the maximum mortgage required. For more information, please contact your mortgage lender.

This can be an outright gift of cash from a relative, employer, labor, union, charitable organization, governmental agency or public entity. For more information on this program, please contact your mortgage your mortgage lender.

A portion of your down payment and / or closing costs can be in the form of a secured loan from a family member, This cannot exceed a combined loan to value of 100% of the sales price or appraisal value, whichever is lower. For more information on this program, please contact your mortgage lender.

Any government issued bonds that are valued at original purchase prior or the current price can be used to fund your down payment. For more information, please contact your mortgage lender.

Any of these types of investments can be used for your down payment based on a monthly or quarterly statement provided by your stockbroker or financial institution. For more information, please contact your mortgage lender.

If your employer guarantees to purchase your previous residence as part of your relocation, any guaranteed net proceeds can be put toward your down payment.

This program involves any incentives by your employer to pay your closing costs, mortgage insurance premium or any portion of your cash investment. For more information, please contact your mortgage lender.

These can be funds that are fully secured by any investment accounts or real property you own as long as there is proper evidence. For more information, please contact your mortgage lender.

This program includes sales proceeds from any personal property of value other than real estate. A few examples are cars, recreational vehicles, stamps, coins or baseball card collections. For more information, please contact your mortgage lender.

If you’re a qualified member of the military, foreign service or intelligence community, you may have an additional year to take advantage of the $8,000 tax credit for first-time homebuyers and $6,500 tax credit for repeat homebuyers. That’s a guaranteed federal tax credit that directly reduces the amount of taxes you owe for the entire year.