Down Payment Assistance: How It Works, Where to Find It
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Down payment and closing cost assistance can be a grant or loan, commonly from state housing finance agencies.
Other sources include nonprofits, local governments, credit unions, banks, mortgage lenders or employers.
Many, but not all, programs are exclusive to first-time home buyers. Many programs set income limits.
Want to find a program near you? Check out our nationwide list of first-time homebuyer programs.
Down payment and closing cost assistance can be a grant or loan, commonly from state housing finance agencies.
Other sources include nonprofits, local governments, credit unions, banks, mortgage lenders or employers.
Many, but not all, programs are exclusive to first-time home buyers. Many programs set income limits.
Want to find a program near you? Check out our nationwide list of first-time homebuyer programs.
If you want to become a homeowner but don’t have enough cash for a down payment, a down payment assistance program might be able to help. Assistance is available to help with closing costs, too.
Here’s a beginner’s guide to common sources of down payment and closing cost assistance and how to see if you qualify.
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on New American Funding
on New American Funding