SCL Mortgage is proud to introduce you to the SCL Down Payment Assistance Program!

Want to buy a house and have a minimum credit score of 620, qualifying income, some cash for out of pocket expenses*, but need help with a down payment? Then SCL may be able to help!

This program utilizes the FHA program of a 30-year fixed rate mortgage on a primary residence, consisting of a combination of a first lien (96.5%) and second lien (3.5%).

Available for single family homes, condos and Planned Unit Developments (PUD).
No upper income limits and not limited to first time buyers!

*Do You Qualify? You will need . . .
🗸 FICO score of 620 or higher
🗸 $8000 to $10,000 cash needed to fund your escrow account and to pay for third party closing costs.
🗸 Qualifying income for home price – see examples below

Home price of $450,000 requires approximate household $84,000 income to qualify.
Home price of $250,000 requires approximate household $64,000 income to qualify.