SmartBuy 5/1 ARM Down Payment Assistance pairs a 5/1 adjustable-rate first mortgage with a repayable second mortgage to cover down payments, closing costs, prepaid expenses, or rate buydowns. The second loan funds upfront costs to improve buyer affordability amid higher mortgage rates and flat new-home sales. The product targets homebuilders seeking flexible financing tools to help buyers progress. Click n' Close positions the program for builders and emphasizes practical affordability solutions. Click n' Close has previously offered other down payment assistance options, provides Section 184 loans for Native Americans, and operates in multiple states via wholesale and correspondent channels.
The program called the SmartBuy 5/1 ARM Down Payment Assistance product offers a first mortgage alongside a repayable second mortgage. The second loan can be applied toward costs such as down payments, closing costs, prepaid expenses or rate buydowns. Homebuilders have been seeking more flexible financing tools as affordability pressures such as mortgage rates weigh on buyers and new home sales remain flat. The SmartBuy 5/1 ARM DPA is built with builders in mind, said Jeff Bode, founder and CEO of Click n' Close. It
provides a practical way to address affordability concerns, giving builders another tool to help buyers move forward with confidence in today's market. Click n' Close has previously offered other down payment assistance programs and is also a provider of Section 184 home loans for Native Americans. The company operates in multiple states and serves consumers and mortgage originators through wholesale and correspondent channels.
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