Down Payment Assistance Options Every Homebuyer Should Know About

1. State & Local Housing Agency Programs

Every state—and even many cities and counties—offer their own down payment assistance programs. These can come in the form of:

• Forgivable loans (no repayment if you stay in the home for a certain period)

• Deferred-payment loans (repaid only when you sell or refinance)

• 📍 Tip: These programs often have income and purchase price limits, but they can be incredibly generous. A quick eligibility check is all it takes to find out if you qualify.

2. National Homebuyer Programs (like FHA, VA, USDA)

While these programs don’t directly offer DPA, they allow for very low or no down payment options:

• FHA Loans: As low as 3.5% down

• VA Loans: 0% down for eligible veterans and service members

• USDA Loans: 0% down for qualifying rural areas

• Conventional Loans: As low as 3% down

3.  Non-Profit & Private Programs

Several non-profit organizations and lenders offer their own DPA options. These often have more flexible qualifications and can include:

• Grants based on income

• Matched savings accounts

• Education-based assistance (take a homebuyer class and qualify for help)

• 💡 Tip: A good lender or mortgage broker (hi! 👋) can help connect you with the right non-profit resources based on your unique situation.

Ready to See What You Qualify For?

Down payment assistance isn't one-size-fits-all. But there’s a great chance that something out there fits you perfectly. Whether you're a first-time buyer, a growing family, or just ready to stop renting, let's explore your options together.

👉 Contact me today to get started on your path to homeownership—with less stress and more support.