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Down payment assistance programs can help eligible buyers cover down payment and closing costs. Programs vary by state, county, and lender.
Your Next Move Deserves a Plan.
Grants provide funds that generally do not need to be repaid, though conditions may apply. Availability depends on program funding, income limits, and property location.
Forgivable loans provide assistance that is gradually forgiven if you remain in the home for a required period (for example, 5–10 years). Selling or refinancing early can trigger repayment.
Most programs cap household income based on area median income (AMI) and household size. Limits are updated periodically and vary by county.
Programs also cap the maximum purchase price of an eligible property. Limits differ by area and property type.
Assistance is typically delivered through a lender approved by the program administrator. Not every lender participates in every program.
Many programs require completion of an approved homebuyer education course before closing. Courses are offered online and in person.
Program rules, funding availability, and eligibility change frequently. Always verify current terms directly with the program administrator and an approved lender.
Do I have to be a first-time buyer to qualify?
Not always. Many programs define 'first-time buyer' as someone who hasn't owned a home in the last three years, and some programs are open to repeat buyers.
Can I combine multiple assistance programs?
Sometimes, if program rules allow stacking. An approved lender can confirm what may be combined for your situation.
Does assistance affect my mortgage interest rate?
Some programs come with slightly different rates or fees. Compare the full cost with and without assistance before deciding.
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Ask About Assistance OptionsInformation is provided for general education and is not legal, tax, lending, or financial advice. Programs, eligibility, financing terms, and property information must be independently verified.