Understanding Down Payments
-
Conventional
3% -
FHA
3.5% -
VA
0% -
USDA
0% -
Jumbo
5-10%
Assistance covering 3.5% or 5% of the purchase price, paired with a 30-year fixed FHA loan.
Offers assistance to low-and moderate-income buyers. Assistance comes in the form of forgivable loans to cover a portion of the down payment and closing costs.
Eligible first-time homebuyers can receive grants or loans as a form of assistance.
Offers down payment assistance of up to 2% of the purchase price (up to $4500), with the borrower providing 1% out of pocket. The great news is that it can be combined with other DPA programs
Offers up to $2500, which can be combined with their first time buyer program with flexible underwriting criteria.
Up to $2500 when coupled with their Home Possible first-time buyer program, allowing for a down payment as little as 3%.
Access a range of local and state assistance options tailored to your needs.
Non-repayable financial support for qualifying buyers.