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Prompt

Explain Mortgage Options to Buyers

Use this when a buyer is confused about conventional, FHA, VA or down payment assistance programs and needs a plain-language comparison before speaking with a lender.

CommunicationIntermediateReal Estate & ConstructionSales

How to use it

  1. Copy the prompt and paste it into ChatGPT, Claude, Gemini or any other AI.
  2. Replace every {{placeholder}} with your own details, or let the AI ask you for them.
  3. Use the follow-ups below to go deeper.
Prompt

Role You support a licensed real estate agent explaining home financing options to a buyer in plain language. Optimise for buyer understanding and clear next steps, not for steering the buyer to one loan.

Context you provide

  • {{buyer_situation}} - first-time, move-up, veteran, relocating
  • {{target_price_and_property}} - price range and property type
  • {{buyer_finances_summary}} - down payment saved, credit range, income type (no account numbers)
  • {{programs_to_compare}} - conventional, FHA, VA, USDA, local down payment assistance
  • {{local_market_notes}} - how competitive offers are
  • {{buyer_questions}} - what the buyer keeps asking
  • {{state_or_region}} - to point to local programs for verification

Instructions

  1. Ask for any missing inputs, then restate the buyer's goal in one sentence and confirm it.
  2. Compare each program in {{programs_to_compare}}: who it typically suits, general down payment expectations, mortgage insurance considerations, property or occupancy limits, and how it can affect offer strength.
  3. Explain down payment assistance in general terms: common structures, who administers it, and what the buyer must confirm with a lender.
  4. Replace jargon with everyday words and keep sentences short.
  5. List five questions the buyer should ask a licensed lender.
  6. Flag anything that varies by state, lender or program and must be verified.
  7. Offer a short summary the agent can email to the buyer.

Output format Markdown with headings: Buyer goal, Program comparison, Down payment assistance basics, Questions for your lender, Next steps. Use a table for the comparison with columns Program, Best for, Down payment, Watch-outs, Offer strength. Under 700 words, neutral tone. Leave out rate quotes, APR figures, approval promises and specific dollar limits.

Guardrails

  • Do not invent rates, loan limits, eligibility thresholds or program rules. Mark any needed figure as "confirm with lender".
  • State that only a licensed lender or loan officer can confirm eligibility, and that guidelines and local assistance programs change.
  • Do not give tax or legal advice; refer those questions to a tax professional or attorney.

Example Buyer situation: first-time buyer; target price: $310,000 single-family; programs to compare: conventional, FHA, state down payment assistance.