Down Payment Assistance Programs: A Searchable Catalog
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 down payment 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 state and local down payment assistance programs include:
- Mortgage interest rate reductions on your loan
- Down payment grants, which require no repayment
- Federal and local tax bill reductions
- Closing cost reimbursements for your mortgage
- Widespread availability — from first-timers buyers to second-time buyers to all repeat buyers
Programs are available in all 50 states and usually administered by local government groups.
DPAs aren’t limited to first-time buyers, but they’re sometimes referred to as “first-time buyer assistance programs” and “first-time home buyer grants”. That’s erroneous.
Any new homeowner can use them
You might also hear them called any of the following:
- Home buyer grants
- Home buyer assistance
- Down payment grants for buyers
Lastly, programs are sometimes known by their local “brand names”, such as the IHDA program from the Illinois Housing Development Authority and CalHFA in California.
Most real estate agents and mortgage loan officers are trained in state and local programs that offers grant and cash assistance to buyers. Often, you can often talk online without meeting in-person.
Find A Down Payment Assistance Program
Nationwide, more than 500 free home buyer 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 Home Buyer 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 DPA program that’s not listed in the tool, email us at [email protected] for inclusion.
About Our DPA Search Tool
To build this comprehensive list of free 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-down payment mortgages for which a home buyer may qualify. Low- and no-down payment mortgages are home loans. Home down payment assistance is not a home loan. Typically, assistance is in the form of a mortgage grant; or, a partial or complete reimbursements for mortgage 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 home buyer assistance programs; 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 mortgage down payment assistance, talk to a real estate agent or a loan officer.
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