Instead of spending years saving for a down payment, you could get into your first home with little or no cash with a down payment assistance program.
Down payment assistance programs are designed to make homes more affordable for homebuyers. Programs come in several forms for eligible buyers: cash grants or secondary loans.
Down payment assistance programs work to make homeownership more affordable and are usually for first-time homebuyers.
Most DPA programs are administered by state and local governments, private entities, charitable organizations, and even lenders like us. They are often in the form of forgivable loans and grants.
Down payment assistance programs are often income-restricted and available to buyers in specific cities, communities, or neighborhoods only. Other requirements may include:
