Loan Program

Down Payment Assistance Program

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Homeownership May Be Closer Than You Think

Saving for a down payment can be one of the biggest challenges for today’s homebuyers. Down payment assistance programs may provide eligible borrowers with financial support that can help reduce the upfront cost of purchasing a home.

Depending on the program, assistance may be available in the form of grants, forgivable loans, deferred loans, or other forms of support.

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How Down Payment Assistance Works

1. Explore Available Programs
We’ll help identify assistance programs that may be available based on your location and circumstances.

2. Review Your Eligibility
Programs can have different requirements for income, credit, property type, occupancy, and purchase price.

3. Choose Your Financing
Your assistance program may be combined with an eligible mortgage loan.

4. Move Toward Homeownership
With the right financing structure, you may be able to reduce the amount of cash needed upfront.

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Potential Benefits

  • Lower Upfront Costs — Assistance may help reduce the cash needed for your down payment.
  • More Buying Power — Keep more of your savings available for other homeownership expenses.
  • Multiple Program Options — Available programs can vary by location and borrower eligibility.
  • Flexible Assistance Types — Some programs offer grants or loans with different repayment requirements.
  • A Path to Homeownership — Assistance may help qualified buyers reach their homeownership goals sooner.

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Who May Qualify?

Eligibility varies by program, but requirements may include:

  • Minimum credit requirements
  • Household income limits
  • Property location requirements
  • Purchase price limits
  • Owner-occupancy requirements
  • Completion of a homebuyer education course
  • First-time homebuyer requirements for certain programs

Not every program requires you to be a first-time homebuyer.

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Frequently asked questions

Down payment assistance provides eligible homebuyers with financial help toward certain upfront home purchase costs.

Not always. Some programs are specifically designed for first-time buyers, while others may be available to repeat buyers.

It depends on the program. Some assistance may be a grant, while other programs may involve a repayable or deferred loan.

The amount varies by program, location, borrower eligibility, and available funding.

Yes, many assistance programs are designed to work alongside eligible mortgage financing.