Q&A · Down Payment Assistance
How does the V1-FAST 100 forgivable second work?
It's a 3.5% second lien at 0% interest, with no monthly payment.
It sits behind your first mortgage as a deferred note. As long as the home stays owner-occupied and no repayment event occurs (like selling or refinancing into a non-eligible loan), it's forgiven over time.
If a repayment event happens before full forgiveness, the remaining balance comes due — that's the tradeoff for $0 down with no monthly second payment.
Want to see if you qualify? Send the 60-second eligibility form — your state, income range, and credit estimate. We'll match you to every program that actually fits. Check my eligibility →