Lower upfront cash needed
Some programs may help with a down payment or closing costs, so you can keep more savings available for your move and home setup.
Buyer resources
Make your down payment feel more achievable
Down payment assistance programs can help qualified buyers reduce the cash needed upfront and move toward homeownership sooner.
What down payment assistance can do
A faster path to homeownership
With less cash required at closing, eligible buyers may be able to begin their home search sooner.
Programs vary by buyer and home
Availability and terms can depend on the program, lender, property, and local area.
General factors programs may consider
Household income
Many programs use income limits that vary by household size and location.
First-time buyer status
Some programs are designed for first-time buyers, while others may have different eligibility rules.
Credit profile
A lender may review your credit score and overall credit history.
Property location
Programs can be limited to certain cities, counties, or neighborhoods.
Occupancy requirements
Many programs require the home to be your primary residence.