Introduction
For many buyers, the biggest hurdle isn’t monthly payments — it’s the upfront down payment. Luckily, there are down payment assistance programs designed to help. These programs include grants, forgivable loans, and specialized aid that make homeownership more accessible.
National Programs
- FHA Down Payment Assistance: Many lenders and nonprofits pair FHA loans with down payment aid.
- VA and USDA Programs: Veterans and rural buyers often qualify for zero-down options.
These pair well with standard down payment options.
State and Local Programs
Most states and cities have programs that provide grants or low-interest loans for first-time buyers. Eligibility often requires paperwork from your loan pre-approval checklist.Employer & Profession-Based Programs
Teachers, first responders, nurses, and military members may qualify for targeted programs that reduce upfront costs.Nonprofit & Community Programs
Organizations like NeighborWorks and Habitat for Humanity offer assistance and education resources.Special Forgivable Loans
Some programs provide loans that are forgiven after a certain number of years in the home, as long as you meet requirements.Combining Assistance with Loans
Many programs can be combined with FHA, VA, or conventional loans to maximize benefits. Not relevant for luxury buyers who may need jumbo loans.
Final Thoughts
Down payment assistance programs can reduce the barrier to entry and help buyers achieve homeownership sooner. Down payment assistance programs make homeownership possible for more buyers. Combine these resources with down payment options, get prepared using our loan pre-approval checklist, and see if jumbo loans apply for higher-priced markets.
Your questions, answered
Who qualifies for down payment assistance programs?
Typically first-time buyers, lower-income households, or buyers in specific professions like teachers or veterans.
Do down payment assistance programs need to be repaid?
Some are grants (no repayment), while others are deferred or forgivable loans.
Can you combine down payment assistance with other loans?
Yes — many programs can be paired with FHA, VA, or conventional loans.
