There are so many down payment/closing cost assistance programs in the U.S.. Why are Buyers are being steered away from grant programs by lenders. I don't fully understand why lenders are not willing to share more about the wonderful grant programs out there... I have been told by a few lenders that they don't make any money off the grant programs.. I understand, we all must earn money to survive. I get it.. You, lender, must get paid for your services. I want to be paid for my time and service to my clients.
​​​​​​​However; we owe it to our buyers to share this information with them. No one wins when we don't promote every option and resource available to buyers. I would much rather participate in a grant program that gives me a slightly higher interest rate than ask my parents for money to buy a home. Cash is king and I want my parents to have cash in the bank in the event they have a real emergency.