For buyers looking to buy a home but don't have enough money saved up, down payment assistance programs are a great option.

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I'm here with market expert Brandon Colberg at Element Funding. Now is a great time to buy a home, and there are plenty of great programs out there to help you buy or refinance a home.

Today, Brandon has some information about a 5% down payment assistance program for home buyers.

Although there are many down payment assistance programs out there, the 5% down program is one of Brandon's staples. If you are buying a $200,000 home, you can get almost $10,000 in down payment assistance. Now is a fantastic time to buy a home, so this is a great option for buyers who want to take advantage of the current real estate market but might not have enough money saved up to do so.

This program allows you to get into a new house with zero money down. The 5% down payment acts as a forgivable second mortgage. As long as you remain in the home for a certain amount of time, the 5% loan will be completely forgiven. You don't have to make any payments and there is no interest rate; this program essentially gives you free money. You can get as much as $14,000 in down payment assistance.

This 5% down program essentially gives you free money to buy a home.

If you are interested in this program, give Brandon a call at 704-999-6646 or email him at bcolberg@elementfunding.com. Brandon will let you know about any qualifications for this program and help you get into a new home.

If you have any other real estate questions, just give me a call or send me an email. Brandon and I look forward to hearing from you!