Downpayment Assistance Programs: A Searchable Catalog For Home Buyers
Down Payment Assistance (DPA) programs provide free money grants, cheap home loans, and aggressive tax breaks to buyers of U.S. homes. Search for what you can get by state, county, city, address, or ZIP.
What Is A Down Payment Assistance Program?
Down payment assistance (DPA) programs are government-backed programs that give free money, cheap loans, and tax breaks to buyers of U.S. homes.
You don’t need a big downpayment to buy a home.
Down payment assistance programs are available in all 50 states, and in many U.S. cities. There’s no cost to apply and approvals happen quickly.
The benefits of down payment assistance programs include:
- Mortgage interest rate reductions on your loan
- Down payment grants for your home, which require no repayment
- Federal and local tax bill reductions
- Closing cost reimbursements for your mortgage
- Down payment loans at below-market rates
Down payment assistance programs are available in all 50 states and usually administered by local government groups. You can even apply “the easy way”.
Most real estate agents and mortgage loan officers are trained in local down payment assistance programs. Your agent or loan representative can help you apply.
Find Your Local Down Payment Assistance Programs
Nationwide, more than 500 down payment assistance programs have been created. They’re available to both first-time home buyers and repeat home buyers; and, in most locales, there’s usually at least one program for which a buyer can qualify.
Search For Down Payment Assistance Programs Near You
How To Use This Down Payment Assistance Search Tool
To use the Growella Down Payment Assistance search tool, home buyers can put any of the following information about a home in the search box: state, county, city, complete address, or ZIP code.
Search results display immediately.
Downpayment assistance programs are listed by program name, with special program qualifiers listed in the adjacent column. Some programs limit home buyers to homes within a certain price range, for example; or are limited to home buyers who are teachers.
You can conduct as many searches as you like.
Growella’s Note: If your organization offers a downpayment assistance program that’s not listed in the tool, email us at [email protected] for inclusion.
About Our Down Payment Assistance Program Search Tool
To build this comprehensive list of down payment assistance programs, Growella contacted hundreds of national, state, and local organizations; and researched niche programs published online.
None of this list is compiled from third-party sources. We’ve personally verified every program and every qualification.
Data is from the U.S. Department of Housing and Urban Development; brochures and online guides from more than two thousand county and city sources; and, various offline publications which promote local DPA programs.
This tool is not meant to identify low- and no-downpayment mortgages for which a home buyer may qualify. Low- and no-down payment mortgages are home loans. Down payment assistance programs are typically mortgage grants or reimbursements for costs and expenses.
In some cases, in can be better for home buyers to use a 100% mortgage such as a VA loan or USDA loan instead of using down payment assistance program; or, a low-down payment mortgage such as an FHA loan.
To get professional advice on whether it’s smarter to use a low-down payment loan or a no-down payment loan instead of using down payment assistance, talk to a real estate agent or a loan officer.