(185 votes, average: 4.15 out of 5)
Loading...The goal of Down Payment Assistance Programs (DAP) is to make it easier for eligible home buyers applicants to buy a home by providing assistance with down payment, closing costs and, when required, rehabilitation costs. These home ownership programs’ goal is to make it easier to access to home-ownership for low-income families and families living in expensive neighborhoods.
This guide is divided in 3 section to help you learn more and get the money needed for your house down payment.
Guide to Down Payment Assistance Programs
Buying a home is a big investment, often the biggest you’ll ever do. It’s also often the biggest dream you may have. Many organizations have first-time homeowners buy their first home. We created this down payment assistance guide for you.
Down Payment Assistance programs are now managed by the States Housing Agencies and local organizations. Their eligibility requirements is usually very broad as long as your income is below your local income limits or income average. You usually often have to be below a specific debt-to-income ratio to be eligible for first-time homebuyer programs.
Common Questions
What are the different types of down payment assistance programs?
There are 4 main types of programs:
1- Grants: They’re “gifts” you don’t have to repay. Some down payment assistance grant program comes with an interest rate a little higher (which end up covering its cost).
2- A loan, in the form of a second mortgage, that you have to repay along with your first mortgage.
3- A loan: in the form of a second mortgage, that will be forgiven after a set number of years, 5, 10, 20. You usually only have to repay it if you sell your home, refinance it or finished paying your first mortgage.
4- A loan: in the form of a second mortgage, with postponed payment until you sell your home.
The second mortgage can sometime be interest free, a discounted rate, and sometime a little higher rate. Each programs with a second mortgage varies.
Most down payment programs require the buyer to take an homebuyer education of 1 to 3 hours of length.
Also, most down payment assistance programs work with FHA and VA loans.
Can only first-time buyers benefit from down payment programs?
No. Down payments programs are mostly for first-time buyers, but some programs are also for repeat buyers. The definition of first-time home buyer according to HUD is defined as an individual or his or her spouse who have not owned a home prior to the ADDI funding for the past 3 years.
Can closing cost be used with down payment assistance money?
This is really a case by case for each program. Some down payment assistance programs allow you to use the money for your closing cost too. Some other prohibit you to use down payment assistance money for closing cost. Read your down payment assistance information well to see if closing cost can be covered or not.
How much can I get for my down payment?
The amount of down payment assistance vary greatly: usually the area with expensive real estate will provide a higher down payment assistance amounts.
Our recent study found the amount usually vary between $15,000 and $20,000. The average amount at closing is $6,000 and another $12,000 during the length of your loan.
Which lender will I have to use?
In general every down payment assistance programs will request you obtain your loan with an approved lender. In some cases, you will also have to sign a loan for a specific mortgage type from your loan officer. That been said, the mortgage tied to your down payment assistance funding is usually very flexible. After all, the goal is to help you obtain your mortgage and buy your home.
We live in a rural area, is there down payment assistance for us?
Yes, in general down payment assistance programs are available in rural counties through USDA loan. The USDA mortgage’s programs offers 100% financing (which mean you don’t need a down payment).
Federal Down Payment Programs
American Dream Down Payment
(4 votes, average: 4.50 out of 5, rated)
The ADDI is geared towards low income families, individuals and minorities trying to purchase their first home by assisting with the initial up-front fees of down payment, closing costs and repairs.
Housing Choice Voucher
(5 votes, average: 3.60 out of 5, rated)
Housing Choice Voucher let you use your section 8 funds toward a downpayment and closing cost when you buy a home. Its goal is to help and incentive to encourage residents of public housing to buy their first home. One of the strategies is the possibility of converting your rent into mortgage payments.
Home Ownership Program
(2 votes, average: 3.50 out of 5, rated)
For non-profit organization that support the development of housing for low income individuals and families. Potential homeowners must invest through sweat equity to obtain ownership.
States and Cities Down Payment Programs
Down payment assistance programs can be found in the states, counties, and cities below.
We recommend you first contact your prefered lender to see if they’ve a program available. Then you can go look at your city and county level. Local organizations sometime have their own programs to help and get the latest information about down payment assistance programs in your area.
We strive to maintain the list below updated but programs policies can change. We recommend you use this list as a basis for your search. There may also be new programs as we speak so the best thing is to call your state, city and local organizations to find out the latest and most current.
Alabama Down Payment Assistance
Alabama has a few down payment assistance programs for first time homeowners offered by the organization, cities and counties below.
Alabama Housing Finance Authority (AHFA)
“Step Up”: programs offers a program in 2 part. The 3% down payment is a 10 year 2nd mortgage and your main mortgage will have a 30 year term. Loans must be taken through AHFA’s loans or a FHA loan. You must make less than $97,300, have a credit score over 620 and 45% or lower debt to income.
Affordable Income Subsidy Grant: HFA Advantage product can provide to eligible homebuyers a grant for closing costs in the amount of $2,500 if you’re below 50% of the area median income or $1,500 if you’re between 50% and 80% of the area median income.
Alabama cities with down payment programs
Birmingham, Decatur, Huntsville, Mobile, Montgomery, Prichard.
Alabama counties with programs
Jefferson, Mobile.
Learn also about Federal programs and common questions.
Alaska Down Payment Assistance
Alaska Housing Finance Corporation
Provide funding to organizations (see below) offering down payment assistance and closing cost programs.
Organizations
North Pacific Rim Housing Authority, North Pacific Rim Housing Authority, Alaska Community Development Corporation, Fairbanks Neighborhood Housing Services (FNHS), Interior Regional Housing Authority (IRHA), Alaska Community Development Corporation (ACDC), Ketchikan Indian Community Housing Authority.
NeighborWorks Alaska: Provide help with down payment assistance.
Alaska cities with down payment assistance
Anchorage, Cook Inlet Housing Authority, Fairbanks Neighborhood Housing Services.
Arizona Down Payment Assistance
Arizona Department of Housing
Pathway to Purchase is a down payment assistance program providing 10% of cost up tp $20,000 in the following cities only: Bull Head City, Casa Grande, Glendale, Green Valley, Kingman, Phoenix, Rio Rico, Sahuarita, Sierra Vista, Tucson, Vail, Yuma.
HOME PLUS: is a statewide down payment and closing cost programs offering up to 5% loan taking with the Home Plus loan.
Arizona cities with down payment assistance
El Mirage, Gilbert, Mesa, Phoenix, Peoria, Pima County, Surprise.
Learn also about Federal programs and common questions.
Arkansas Down Payment Assistance
Arkansas offers a statewide down payment assistance for eligible first time homeowners.
Arkansas Development Finance Authority (ADFA)
Provide up to $10,000 for down payment and closing cost assistance. This is a second mortgage with a 10-year term.
Dream Down Payment Initiative (ADDI) provides low income homebuyers up to 10% of the purchase price of their home, up to a maximum of $10,000. It’s a second mortgage loan with no monthly payment that is forgivable over five years.
Arkansas cities with down payment assistance
Jacksonville, Jonesboro, Little Rock, Pine Bluff.
California Down Payment Assistance
California have a down payment assistance program for first-time homeowners.
California Department of Housing
MyHome Assistance Program is a deferred-payment junior loan of an amount up to the lesser of 3.5% of the purchase price or appraised value to assist with down payment and/or closing costs.
School Teacher and Employee Assistance Program (School Program) offers a junior loans are up to 4% of the purchase price, and can only be combined with an eligible CalHFA first mortgage loan.
California counties with down payment programs
Alameda County, Amador County, Fresno County, Kern County, Kings County, Merced County, Monterey County, Orange County, Riverside County, Sacramento County, San Bernardino County, San Diego County, San Francisco County, San Joaquin County, San Mateo County, Tuolumne County, Yuba County.
California cities with down payment assistance
Apple Valley, Belmont, Carlsbad, Chula Vista, Clovis, Corcoran, El Cajon, El Centro, Emeryville, Escondido, Fresno, La Mesa, Menlo Park, Modesto, Oakland, Paradise, Pittsburg, Porterville, Redding, Richmond, Riverside, Santee, San Diego, San Jose, San Pablo, Shasta Lake, Sonora, Tulare, Turlock, Vallejo, Vista.
Learn also about Federal programs and common questions.
Colorado Down Payment Assistance
Colorado have 2 down payment assistance programs covering all of the state.
Colorado Housing Finance Authority (CHFA)
Offer a down payment assistance grant providing up to 3 percent of your first mortgage. No repayment required.
Colorado Housing Assistance Corporation (CHAC)
Provides low-interest loans, flexible loans to low and moderate income first time home buyers for down payment and closing cost assistance throughout Colorado.
Colorado Housing Enterprise
Offers a Down Payment Assistance Loan (2nd mortgage) with loan amounts range between $3,000.00 – $10,000.00, interest rate matching your first mortgage with a ten year term.
Colorado cities with down payment assistance
Aurora, Boulder, Commerce City, Denver, Fort Collins, Greeley, Longmont, Loveland, Pueblo, Wheat Ridge.
Colorado counties with down payment assistance
Adams County, Arapahoe County, Bent, Crowley and Otero counties, Boulder County, Cheyenne, Elbert, Kit Carson and Lincoln counties, Delta, Montrose and San Miguel Counties, Douglas County, La Plata, Montezuma, Archuleta, san Juan and Dolores County, Eagle County, El Paso County, Grand County, Huerfano and Las Animas Counties, Larimer County, Logan, Morgan, Phillips, Sedgewick, Yuma and Washington counties, Weld County.
Connecticut Down Payment Assistance
Connecticut has one state wide down payment assistance program and the organizations and cities below can help you. Contact them and your local housing authority.
Connecticut Department of Housing
Has one state wide down payment offering least $3,000, in the form of a loan, but no more than the minimum down payment required for your home, which is usually between 3% and 3.50%
Housing Development Fund
Have 5 different down payment assistance help for new homeowners. To learn about each programs details consult their site.
Connecticut cities with down payment assistance
Bridgeport, Fairfield, Farmington, Greenwich, Hamden, Hartford, Manchester, Meriden, Middletown, New Haven, Norwalk, Stamford.
Learn also about Federal programs and common questions.
Delaware Down Payment Assistance
Delaware has one state wide down payment assistance and closing cost programs.
Delaware State Housing Authority
Provides a no-interest second mortgage loan of 2 percent to 5 percent of your mortgage amount. The amount can be applied toward down payment or closing costs. The loan will have to be repaid when you sale, transfer, or refinance your home. The same principle apply when it’s no longer your primary residence.
Delaware county with a down payment program
New Castle.
Delaware city with a down payment program
Wilmington.
DC – Washington Down Payment Assistance
Offers 3 different down payment assistance programs.
Department of Housing and Community Development
Home Purchase Assistance Program (HPAP): Provides interest-free loans and closing cost assistance to qualified applicants with a maximum of $80,000 in financing assistance and an additional $4,000 in closing cost assistance.
Employer Assisted Housing Program (EAHP): Offers eligible District government employees a deferred, 0% interest loan and a matching funds grant for down payment and closing costs to purchase their first single-family home, condominium, or cooperative unit. No payments are required until the property is: (1) is sold or transferred; (2) no longer occupied as principal residence; or (3) refinanced with cash out.
Negotiated Employee Assistance Home Purchase Program (NEAHP): Certain government employees, whose position is covered by a collective bargaining agreement, can apply for down payment and closing costs assistance to use towards the purchase of primary residence in the District of Columbia. The assistance ranges from $3,000 to $26,500 and is provided in the form of a grant that is forgiven after ten years as long as the employee meets the terms of the grant agreement.
District of Columbia Housing Finance Agency
Have a Home Purchase Assistance Program providing down payment and closing cost assistance in the form of a deferred interest free loan to first-time homebuyers falling within the very low and moderate income levels.
Learn also about Federal programs and common questions.
Florida Down Payment Assistance
Florida has 2 state wide down payment assistance and closing cost programs for first-time homeowners, plus 1 programs for specific counties.
Florida Finance Housing Corporation
Have the 3 programs below.
Hurricane Michael Recovery Loan Program: Provides up to $15,000 in down payment assistance and to cover closing cost. It’s available in the following counties: Bay, Calhoun, Franklin, Gadsden, Gulf, Holmes, Jackson, Liberty, Taylor, Wakulla, Washington.
Florida Assist (FL Assist): This a 2nd mortgage 0% interest deferred loan up to $7,500.
3% and 4% HFA Preferred Grants: Is a non-repayable grant of 3% or 4% of the purchase price of the home being purchased.
Florida Homeownership Loan Program (FL HLP) Second Mortgage: This is a 2nd mortgage eligible for a down payment up to $10,000 with a rate of 3% and a 15-year term.
Florida counties with down payment programs
Alachua, Baker, Bay, Bradford, Brevard, Broward, Calhoun, Charlotte, Citrus, Clay, Collier, Columbia, De Soto, Dixie, Duval, Escambia, Flagler, Franklin, Gadsden, Gilchrist, Glades, Gulf, Hamilton, Hardee, Hendry, Hernando, Highlands, Hillsborough, Holmes, Indian River, Jackson, Jackson, Lafayette, Lake, Lee, Leon, Leon, Levy, Liberty, Madison, Manatee, Marion, Martin, Miami-Dade, Monroe, Nassau, Okaloosa, Okeechobee, Orange, Osceola, Palm Beach, Pasco, Pinellas, Polk, Putnam, Santa Rosa, Sarasota, Seminole, St. Johns, St. Lucie, Sumter, Suwannee, Taylor, Union, Volusia, Wakulla, Walton, Washington.
Georgia Down Payment Assistance
Georgia offer a statewide down payment assistance program.
Georgia’s Department of Community Affairs
“Georgia Dream Homeownership Program” provides, among other things, down payment assistance.
Georgia counties with down payment assistance
County of Clarke, County of Clayton, County of Cobb, County of DeKalb, County of Fulton, County of Gwinnett, County of Muscogee, County of Richmond.
Georgia cities with down payment assistance
Albany, Athens – Clark County, Atlanta, Augusta – County of Richmond, Columbus – County of Muscogee, Macon, Savannah.
Learn also about Federal programs and common questions.
Hawaii Down Payment Assistance
Hawaii has no statewide down payment assistance program. But some counties and the city below can help you.
Hawaii Housing Finance and Development Corporation
Doesn’t provide down payment assistance.
Hawaii counties with down payment assistance
Guam, Hawaii Island, Kauai, Maui, Oahu.
Hawaii city with down a payment program:
Honolulu
Idaho Down Payment Assistance
Idaho have a state down payment assistance program plus some cities also do and can help you. Contact them and your local housing agency.
Idaho Housing and Finance Association
Have 2 different down payment assistance programs. See below.
Second Mortgage: used for closing cost and down payment to the maximum of 3.5% of the sale price. The loan is 5% over 10 years.
Forgivable Loan: offers a maximum of 3.5% of the sale price and is forgivable after 7 years.
Idaho cities with down payment assistance
Boise, Nampa.
Learn also about Federal programs and common questions.
Illinois Down Payment Assistance
Illinois Housing Development Authority
There’s a down payment and closing cost assistance up to $10,000.
Illinois counties with down payment assistance
Madison, McHenry, Cook, DuPage, Lake, St. Clair, Urbana, Will County.
Illinois cities with down payment assistance
Aurora, Champaign, City of Chicago, Decatur, DuPage, DeKalb, Joliet, Kankakee, Lake County, Moline, Mount Prospect, Normal, Rockford, Springfield, Village of Oak Park, City of Aurora, Urbana.
Indiana Down Payment Assistance
The state of Indiana has 2 statewide down payment and closing cost programs plus some counties and cities below have their own.
Indiana Housing and Community Development Agency
Indiana Home Solution (IHS): offer, among other things, a downpayment assistance in the form of a 2nd mortgage worth up to 6% of the purchase price.
Helping To Own (H2O): is a 3.5% grant who doesn’t need to be repaid.
Indiana’s cities & counties with down payment programs
Anderson, Bloomington, Columbus, East Chicago, Elkhart, Evansville, Fort Wayne, Hammond, Indianapolis Lafayette/ West Lafayette, Mishawaka, Muncie, South Bend, Terre Haute.
Learn also about Federal programs and common questions.
Iowa Down Payment Assistance
The state of Iowa has 2 down payment assistance programs covering the whole state. The housing authorities of the counties and cities below have their own.
Iowa Finance Authority
Offer “FirstHome” which give homebuyers 2 options: “FirstHome Plus Grant”: $2,500 or loan up to $5,000 (maximum 5% of the home purchase price). The 2nd programs is named “FirstHome” and had the same benefits: 2,500 or loan up to $5,000 (maximum 5% of the home purchase price).
Iowa counties and cities with down payment assistance
Council Bluffs, Iowa City, Oskaloosa, Sioux City, Waterloo, Wright County.
Kansas Down Payment Assistance
The state of Kansas have 1 state wide down payment assistance program.
Kansas Housing Corporation
The “First Time Homebuyer Program” provides down payment assistance.
Kansas cities with a down payment program
Lawrence, Leavenworth, Topeka.
Learn also about Federal programs and common questions.
Kentucky Down Payment Assistance
The state of Kentucky has a few down payment assistance programs provided by the organizations below. The cities and counties below have their own program and you should contact their housing agency.
Kentucky Housing Corporation
Have 3 different down payment assistance programs. The Christian County program is a $10,000 2nd mortgage foregiveble after 5 years. The “Regular DAP” is a loan up to $6,000 repayable over a ten-year term at 5.50%. The “Affordable DAP” provides assistance up to $6,000 repayable over a ten-year term at 1%.
Kentucky cities & counties with down payment help
Ashland, Bowling Green, Elizabethtown, Hopkinsville, Lexington, Louisville, Owensboro.
Louisiana Down Payment Assistance
Louisiana has a few down payment assistance programs. The housing authorities of the counties and cities below also have their own programs. To see if you qualify contact those departments.
Louisiana Housing Corporation
HOME MRB PROGRAM: provides a down payment and closing cost assistance ranging between 5% to 9% depending on the loan amount.
MORTGAGE REVENUE BOND ASSISTED PROGRAM: provides sown payment and closing costs assistance coming in the form of a soft-second mortgage that is equal to 4% of the mortgage amount.
Louisiana cities and Parish with down payment assistance
Alexandria, Baton Rouge, Kenner, Lake Charles, Monroe, Shreveport. The Parish of Houma/Terrebonne, Jefferson, plus affiliates of The Fuller Center for Housing: Northshore, The Fuller Center, Webster Parish.
Learn also about Federal programs and common questions.
Maine Down Payment Assistance
Maine Housing Authority
The “Advantage option” provide $3,500 toward the cash you need for closing. Applicants choosing Advantage must make a minimum borrower contribution of 1% of the loan.
Maine cities with down payment assistance
Auburn, Augusta, Lewiston, Portland.
Maryland Down Payment Assistance
The state of Maryland have a few statewide assistance program, plus the counties and cities housing agencies below have their own programs.
Maryland Department of Housing and Community Development
3 programs to help with down payment.
Flex Loans: has different option ranging from a 5,000 loan for downpayment, to 3% or 4% grant who doesn’t get repaid.
Special Assistance Grants: is a down payment assistance offering $1,500 or $2,500 depending on median income. Does not need to be repaid.
Partner Match: Funds in this program are provided in the form of a no-interest, deferred loan and may be used for down payment and closing costs.
Maryland counties with down payment assistance
Anne Arundel, Baltimore, Harford, Howard, Montgomery, Prince George’s.
Maryland cities with down payment assistance
Baltimore, Frederick, Gaithersburg, Hagerstown.
Learn also about Federal programs and common questions.
Massachusetts Down Payment Assistance
Massachusetts have one down payment assistance program for first time homeowner. Most major cities also have their own program. Contact these organizations for find about funding and eligibility.
MassHousing
Provides a statewide down payment program offering up to 5% of the purchase price or $15,000, whichever is less. This is a 2% fixed-rate loan with a 15 year term.
Massachusett cities with down payment assistance
Adams, Arlington, Boston, Brockton, Cambridge, Easton, Fall River, Fitchburg, Framingham, Gloucester, Haverhill, Holyoke, Lawrence, Lowell, Lynn, Malden, Medford, Melrose, New Bedford, Peabody, Plymouth, Newton, Quincy, Salem, Somerville, Springfield, Taunton, Weymouth, Worcester.
Michigan Down Payment Assistance
The state of Michigan have a down payment assistance program and some cities have their own home program. Contact their housing authority.
Michigan State Housing Development Authority (MSHDA)
Provides up to $7,500 in down payment assistance as a 2nd mortgage. It can be used for borrower closing cost, pre-paid expenses and down payment. It include 0% interest and no payments until the home is sold, refinanced, transferred or the MSHDA first mortgage is paid in full.
Michigan cities with down payment assistance
City of Grand Rapids, City of Lincoln Park, City of Midland, City of Warren, City of Wyandotte.
Organizations
Detroit: Core City Neighborhoods, Grandmont/Rosedale Development, Motor City Blight Busters, New Hope Community Development.
Flint: Metro Housing Partnership
Learn also about Federal programs and common questions.
Minnesota Down Payment Assistance
Minnesota has a statewide down payment program, plus the cities and counties below have their own programs.
Minnesota Housing Finance Agency
Provides a downpayment and closing cost loan up to $15,000 either as Monthly Payment Loan with interest rate equal to your first mortgage rate and a 10-year loan term, or the Deferred Payment Loan Plus with loans up to $10,000 and there is no interest or monthly payments, and the loan term is equal to your first mortgage term. You must repay the loan when you move, sell, refinance.
Minnesota counties with down payment assistance
Dakota County, Hennepin County, St. Louis County.
Minnesota cities with down payment assistance
City of Duluth, Minneapolis, St-Paul.
Mississippi Down Payment Assistance
Mississippi Home Corporation
Provides down payment assistance with almost all its mortgage products. The types varies from a loan up to 3.5% of the purchase price, a 2nd mortgage of $7,000 with a 10 year term.
Mississippi counties and cities with down payment assistance programs
All counties have funds provided by the Mississippi Home Corporation with the program above.
Learn also about Federal programs and common questions.
Missouri Down Payment Assistance
Missouri has a few down payment assistance programs managed by the organizastions below. The cities and counties below have their own programs.
Missouri Housing Development Commission
Have the Cash Assistance Loan which is a foregivable 2nd mortgage of up to 4% of the mortgage amount.
Missouri counties and cities with down payment assistance
Columbia, Independence, Joplin, Kansas City, Lee’s Summit, Springfield, St. Charles, St. Joseph, St. Louis City, St. Louis County, St. Peters.
Montana Down Payment Assistance
Montana Housing Department
Provides a down payment assistance programs for lenders and partners lending to homebuyers. The downpayment can range from $1,500 to $40,000 based on location and different criteria. It’s a 2nd loan being paid monthly or deferred until the home is sold.>/p>
This program is divided into 3 different options:
1- Bond Advantage Down Payment Assistance Program (DPA).
2- MBOH Plus 0% Deferred Down Payment Assistance Program.
3- NeighborWorks Montana Down Payment Assistance.
Montana Homeownership Network
This organisation has a downpayment assistance program, which is a loan, with either 3% or 5% covering the price of your home as downpayment. This program can be either a non repayable grant or deferred payment when you sell your home.
Montana counties with down payment assistance
Fergus, Judith Basin, Wheatland, Petroleum, Musselshell and Golden Valley Counties.
Montana cities with down payment assistance
Billings, Bozeman, Glendive, Great Falls, Lewistown, Missoula, Ronan, Whitefish.
Learn also about Federal programs and common questions.
Nebraska Down Payment Assistance
Housing Nebraska
Its Homebuyer Assistance Program help you buy a house even if you only have $1,000 as down payment.
Nebraska cities with down payment assistance
Allen, Hastings, Norfolk, North Platte, Omaha, Tekamah have their own down payment assistance programs. Contact their housing authority.
Nevada Down Payment Assistance
The state of Nevada have a few down payment programs covering the whole state. Some cities and county housing department have their own programs. Contact their housing department for details.
Nevada Housing Division
It division “Home is possible” provides a few down payment programs.
Home Possible Nevada: has a loan for up to 5% of your home value and it’s not only for first-time homebuyers. The loan has a 30 years term and there’s a one time $675 fee.
Home for Heroes: is similar to Home is Possible above but also have attractive mortgage interest and terms.
Home Is Possible For Teachers: provide $7,500 in bonus money for k-12 teachers and may be forgivable after 5 years. This program may stop December 31 2020.
Nevada Rural Housing Authority
Home at Last: Provides up to $24,000 in down payment assistance in the form of a 3 year second mortgage foregivable after living in your home the first 3 years.
Nevada cities and counties with down payment assistance
Henderson, Las Vegas, Reno. Clark County and County of Lyon.
Learn also about Federal programs and common questions.
New Hampshire Down Payment Assistance
New Hampshire Housing Finance Authority
All its mortgage provides down payment assistance of 3% of your home value and its 100% forgivable after 4 years if you stayed in your home.
New Hampshire cities with down payment assistance
Manchester, Portsmouth housing agencies have their own programs. Contact them for more details.
New Jersey Down Payment Assistance
New Jersey home improvement programs are located in the counties and cities below. Contact their housing authorities.
New Jersey Housing and Mortgage Finance Agency (NJHMFA)
Offer $10,000 in down payment and closing cost. This is an interest-free, five-year forgivable second loan with no monthly payment.
New Jersey counties with down payment assistance
Atlantic, Bergen, Burlington, Camden, Cumberland, Essex, Gloucester, Hudson, Mercer, Middlesex, Monmouth, Morris, Ocean, Passaic, Salem, Somerset, Union,
New Jersey cities with down payment assistance
Atlantic, Bergen, Burlington, Camden, Cumberland, Essex, Gloucester, Hudson, Mercer, Middlesex, Monmouth, Morris, Ocean, Passaic, Salem, Somerset, Union
Learn also about Federal programs and common questions.
New Mexico Down Payment Assistance
New Mexico have a statewide down payment assistance programs (see below), and 3 countie have their own programs.
New Mexico Mortgage Finance Authority (MFA)
FIRSTDown provides up to $8,000 in down payment. HOMENow is a second mortgage providing up to $8,000 as down payment and closing cost, no monthly payment and the loan can be forgiven after 10 years.
New Mexico cities with down payment assistance
Albuquerque, Las Cruces, Santa Fe.
New York Down Payment Assistance
The state of New York has a statewide down payment programs and most cities and counties also have their down programs. Don’t miss out and contact them.
New York State Homes and Community Renewal
Has a home Down Payment Assistance Loan with $1,000 to a maximum loan amount of 3% of the purchase price (up to $15,000) or $3,000, whichever is highest.
City of New York
“HomeFirst” offers up to $40,000 toward down payment or closing costs and you’ll need to live in your home for 10 years.
New York cities with down payment assistance
The housing authorities below have down payment assistance help programs.
Albany, Auburn, Bronx, Brooklyn, Buffalo, Cortland, Elizabethtown, Geneva, Ithaca, Kingston, Long Island, Lyons, Morrisville, New York/Manhattan, Monticello, Niagara Falls, Norwich, Penn Yan, Queens, Rochester, Schenectady, Stamford, Staten Island, Syracuse, Utica, Voorheesville, White Plains, Yonkers.
Learn also about Federal programs and common questions.
North Carolina Down Payment Assistance
North Carolina Housing Finance Agency
Offers 2 down payment programs plus a tax credit to save for your home.
NC Home Advantage Mortgage: offers down payment assistance up to 5 percent of the loan amount. This is a 0 percent, deferred second mortgage, which is forgiven 20 percent per year at the end of years 11-15, with complete forgiveness at the end of year 15.
NC 1st Home Advantage Down Payment: offers $8,000 in down payment help. This is also a 0 percent, deferred second mortgage, which is forgiven 20 percent per year at the end of years 11-15, with complete forgiveness at the end of year 15.
North Carolina cities with down payment assistance
Durham, Greensboro, Rocky Mount housing department have their own programs.
North Dakota Down Payment Assistance
North Dakota Housing Finance Agency
Provides 2 different state wide down payment assistance programs. Contact your lender to get the updated programs details.
Start: provides low to moderate-income buyers a down payment assistance.
DCA: provides low-income buyers with affordable mortgage loans that include down payment and closing cost assistance.
North Dakota cities with down payment assistance
Bismarck, Dickinson, Fargo, Fort Berthold, Grand Forks, Jamestown, Minot, Spirit Lake, Standing Rock, Turtle Mountain, Williston housing authorities have their down payment programs.
Learn also about Federal programs and common questions.
Ohio Down Payment Assistance
Ohio have a few down payment programs available throughout the state. Some counties and cities below also have their own.
Ohio Housing Finance Agency
Your Choice! Down Payment Assistance allows homebuyers to choose either 2.5% or 5% of the home’s purchase price. Assistance can be applied towards down payments, closing costs or other pre-closing expenses. This assistance is forgiven after seven years. This program is available with all other Ohio Housing Finance Agency’s mortgage products.
Communities First: offers down payment assistance all over the state. It’s a 2% to 5% grant to be used for down payment and closing cost. As it’s a grant it doesn’t have to be repaid and doesn’t have a minimal length of occupancy.
Ohio counties with down payment assistance
Butler, Clark, Cuyahoga, Franklin, Hamilton, Lake, Lucas, Middletown, Montgomery, Summit.
Ohio cities with down payment assistance
Akeron, Canton, Cincinnati, Cleveland, Columbus, Dayton, Hamilton, Massillon, Springfield, Toledo.
Oklahoma Down Payment Assistance
Oklahoma Housing Finance Agency
OHFA Homebuyer Downpayment Assistance offers 3.5% or 4% toward your total loan amount. This is a loan with a 30-year fixed rate mortgages. Special rates for for teachers and first responders. It’s available in all 77 Oklahoma counties.
Oklahoma cities with down payment assistance
Lawton, Midwest City, Oklahoma City, Tulsa housing agencies have their own home improvement programs.
Learn also about Federal programs and common questions.
Oregon Down Payment Assistance
Oregon Housing and Community Services
Provides up to $15,000.00 for down payment and/or closing costs to local organization offering down payment assistance. See the list below.
Organizations
ACCESS, Bend Area Habitat for Humanity, Community Action Program of East Central Oregon, Community Action Team, Community in Action, Habitat for Humanity Oregon, Habitat for Humanity Portland/Metro East, Hacienda Community Development Corporation, Housing Authority of Yamhill County, Klamath & Lake Community Action Services, Native American Youth & Family Center, Neighborhood Economic Development Corporation (NEDCO), NeighborWorks Umpqua, Ortland Housing Center, Proud Ground, Willamette Neighborhood Housing Service, Willamette West Habitat for Humanity.
Oregon counties and cities with down payment assistance
Bend, Clackamas County, Corvallis, Medford, Portland Housing Bureau, Springfield.
Pennsylvania Down Payment Assistance
Pennsylvania Housing Finance Agency (PHFA)
HOMEstead program offers up to $10,000 in downpayment and closing cost assistance in the form of a no-interest, second mortgage loan. HOMEstead funds are forgiven at 20 percent per year over five years. The minimum loan amount is $1,000.
Pennsylvania counties with down payment assistance
The housing department of the counties below offer down payment and closing cost assistance programs.
Allegheny, Beaver, Berks, Bucks, Chester, Cumberland, Dauphin, Delaware, Lancaster, Luzerne, Montgomery, Washington, Westmoreland.
Pennsylvania cities with down payment assistance
The housing department of the cities below offer down payment assistance.
Allentown, Erie, Harrisburg, Lancaster, Philadelphia, Pittsburgh, Reading, Scranton, State College, Upper Darby, Wilkes-Barre, Williamsport, York
Learn also about Federal programs and common questions.
Rhode Island Down Payment Assistance
Rhode Island Housing
Offers a 15 year fixed second mortgage to finance the down payment and/or closing costs.
Rhode Island cities with a down payment assistance program
Cranston, Providence, Woonsocket.
South Carolina Down Payment Assistance
South Carolina State Housing Finance and Development Authority: offer loans up to $6,000 and it comes with a 1% origination fee.
Learn also about Federal programs and common questions.
South Dakota Down Payment Assistance
South Dakota Housing Development Authority
Offer a 3% of your mortgage cost, this loan is a 0% 2nd mortgage payable when you sell your home. No prior payment is requested.
South Dakota counties with a down payment assistance program
Aberdeen, Sisseton, Yankton have down payment programs.
Tennessee Down Payment Assistance
Tennessee housing development agency
Great Choice Plus: This is a down payment assistance program is a 2nd loan worth 5% of your home purchase price (average $8,000). This loan have 0% interest and no monthly repayment, only repayment is when you sell your home.
Tennessee counties with down payment assistance
Knox, Shelby.
Tennessee cities with down payment assitance
Bristol, Chattanooga, Clarksville, Jackson, Kingsport, Knoxville, Memphis, Nashville.
Learn also about Federal programs and common questions.
Texas Down Payment Assistance
The state of Texas have 2 state wide down payment assistance program and the counties and cites below housing departments have their own programs.
Texas Department of Housing and Community Affairs
Provides down payment assistance with its first-time homeoweners loans. The amount can be up to 5% of your purchase price.
Texas State Affordable Housing Corporation
The Home Buyer Programs offers down payment assistance as part of their mortgage products. It offers up to 6% of your purchase price, and it’s a 30 year fixed rate based on different criteria. It’s s statewide program and not limited to first-time homebuyer.
Texas counties with down payment assistance
Brazoria, Harris, Travis.
Texas cities with down payment assistance
Abilene, Arlington, Austin, Baytown, Beaumont, Brownsville, Bryan, College Station, Corpus Christi, Dallas, Denison, Denton, Edinburg, El Paso, Fort Worth, Frisco, Galveston, Garland, Grand Prairie, Harlingen, Houston, Irving, Killeen, Lewisville, Lubbock, McKinney, Mesquite, New Braunfels, Odessa, Plano, San Angelo, San Antonio, San Marcos, Sherman, Texarkana, Texas City, Tyler, Victoria, Waco, Wichita Falls.
Utah Down Payment Assistance
Community Development Corporation of Utah
Offers up to $14,000 but you must still have 1% of the purchase price. This is a no payment no interest loan that is forgivable after a period of 5 years.
Federal Home Loan Bank
Home$tart can provide up to $7,500. Verify with your lender for possible new program’s criteria as this program should be renewed soon.
Utah counties with down payment assistance
The counties below have housing agencies with down payment programs programs.
Beaver, Castle, Davis, Salt Lake, Summit, Utah, Watsach, Washington, Weber.
Utah cities with down payment assistance
The housing agencies of the following cities with have down payment programs programs.
Brigham, Cedar City, Logan, Ogden, Provo, Salt Lake City, Taylorsville, West Jordan City, West Valley.
Learn also about Federal programs and common questions.
Vermont Down Payment Assistance
Vermont Housing Finance Agency
Their mortgages offers down payments as little as 0% down, and in some case up to $5,000 in closing cost/down payment,
Vermont cities with down payment assitance
Burlington, Windham/Windsor housing departments have down payment programs.
Virginia Down Payment Assistance
Virginia Department of Housing and Community Development:
HOMEownership Down Payment and Closing Cost Assistance program provides 10% or 20% of the sales price as down payment, plus $2,500 for closing cost. This is deferred conditional grant you don’t have to repay unless you no longer stay in your home.
Virginia Housing Development Authority
Offers a grant worth 2 to 2.5% of the purchase price and doesn’t have to be repaid. It can also be combined with other down payment programs.
Virginia counties with down payment assitance
Arlington, Chesterfield, Fairfax, Loudoun, Prince William have down payment programs.
Virginia cities with down payment assistance
These cities’ housing department manage down payment programs.
Alexandria, Bristol, Charlottesville, Chesapeake, Colonial Heights, Danville, Fredericksburg, Hampton, Harrisonburg, Lynchburg, Newport News, Norfolk, Alexandria, Bristol, Charlottesville, Chesapeake, Colonial Heights, Danville, Fredericksburg, Hampton, Harrisonburg, Lynchburg, Newport News, Norfolk, Petersburg, Portsmouth, Richmond, Roanoke, Staunton, Suffolk, Virginia Beach, Waynesboro, Winchester.
Learn also about Federal programs and common questions.
Washington Down Payment Assistance
Washington State Housing Finance Commission (WSHFC)
Provides a few different down payment assistance programs. See below.
Home Advantage DPA: Offer a loan up to 5% of your mortgage as second mortgage with a 0% interest rate, payment deferred for 30 years.
Home Advantage DPA Needs Based Option: Offers up to $10,000 as a 1% interest loan with payments deferred for 30 years.
Opportunity DPA: Offers up to $10,000 as a 2nd mortgage with 1% interest rate and its payment is deferred 30 years. This program is for targeted area only.
Veterans: Offer up o $10,000 as a second mortgage loan with a 3% interest rate and payments deferred for up to 30 years. This is for Washington state veterans only.
HomeChoice: Offers up to $15,000 for buyers with a disability or disabled family member living with them. It have a 1% interest second mortgage, and its payment are deferred. Repayment is due when home is sold, or if the home is refinanced or after 30 years.
Washington counties with down payment assistance
The counties’ below housing authorities have down payment programs.
Bellevue/East King, Benton/Franklin/Walla Walla, Columbia/Garfield, Ferry/Pend, Oreille/Stevens, Kennewick, King, Kitsap, Pasco, Snohomish, South King, Spokane, Tacoma. Seattle, Whitman, Yakima.
Washington cities with down payment assistance
Everett/Snohomish County, Kennewick, King County/outside of Seattle, Pasco, Richland, Seattle, Spokane, Spokane County, Tacoma, Vancouver/Clark County, Yakima.
West Virginia Down Payment Assistance
West Virginia Housing Development Fund
Offers 2 down payment assistance programs linked to their mortage products “Homeownership” and “Movin’ Up” programs. Both are loan with a fixed rate and a 15 years term.
Homeownership: is a $7,500 or $10,000 loan based on your loan to value.
Movin’ Up: is a $5,000 or $8,000 loan based on your loan to value.
West Virginia cities with down payment assistance
Charleston, Huntington, Martinsburg, Parkersburg.
Learn also about Federal programs and common questions.
Wisconsin Down Payment Assistance
The state of Wisconsin have 2 main statewide down payment and closing cost programs. Some cities and counties also have their own programs.
Wisconsin Housing and Economic Development Authority (WHEDA)
Have 2 different down payment assistance programs.
Capital Access Down Payment Assistance: is a 0% interest 2nd mortgage with no monthly payment and payment is deferred when the 1st mortgage is paid in full.
Easy Close Advantage: is a 10 year loan to be used for 100% of your downpayment and closing cost.
Wisconsin counties with down payment assistance
Dane, Milwaukee, Waukesha, Richland.
Wisconsin cities with down payment assistance
Beloit, Green Bay, Madison, Milwaukee.
Wyoming Down Payment Assistance
Wyoming Community Development Authority (WCDA)
Offers a loan up to $10,000 with 0% interest, and payment is deferred (no monthly payment) until one of the following happens: sale of the home, refinance or 30 year maturity.
Wyoming city with down payment assistance
Cheyenne.
Learn also about Federal programs and common questions.