LoanDepot Cash-Back Incentive Program

LoanDepot Cash-Back Incentive Program is a grant for homebuyers in Texas. loanDepot's mellohome Grand Slam cash-back incentive program provides homebuyers with up to $3,500 in cash back post-closing when they purchase using a mellohome network real estate agent and finance with loanDepot. First-time homebuyers can receive an additional $1,000. This is a realtor rebate/incentive program, not a traditional down payment assistance grant. Up to $3,500 cash back. Additional $1,000 for first-time homebuyers. Up to $7,000 when buying and selling. $1,000 on-time closing guarantee payment. Funding comes from Private Lender.

LoanDepot Cash-Back Incentive Program is structured as a grant, so it is not repaid. Forgiveness and repayment terms are set by the program and can change — confirm them on the official program page before applying.

LoanDepot Cash-Back Incentive Program is open to first-time homebuyers and homebuyers who will live in the home as their primary residence. "First-time homebuyer" usually means not having owned a home in the last three years, but the program sets its own definition. Citizenship or immigration status: yes.

LoanDepot Cash-Back Incentive Program can be used for Single-family. New construction is eligible.

LoanDepot Cash-Back Incentive Program serves homebuyers purchasing anywhere in Texas.

Applications for LoanDepot Cash-Back Incentive Program go through the administering agency, which publishes the current terms and the application steps on its own site. Hey Prescott is not a lender and does not accept applications; this page describes the program so a homebuyer can take it to a lender or housing counselor.