Types Of Down Payment Programs

1. Grants

2. Forgivable Loans

3. Deferred-Payment Loans

4. Down Payment Match

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How Does Down Payment Assistance Work?

1. In The Form Of Grants, Loans And Other Programs

2. Only For First-time Home Buyers

3. Run By Various Organizations

Eligibility For Down Payment Assistance

1. A Minimum Credit Score Of 620

2. An Income Limit

3. Debt-To-Income Ratio (DTI)

4. Home Located In A Specific Area Or County

5. A First-Time Home Buyer

6. A Course On Home Buying And Finances

7. Live In The Home For A Certain Period Of Time

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How To Apply For Down Payment Assistance?

1. Search For The Programs Available

2. Ask A Lender For Help

3. Apply For Down Payment Assistance Formally

4. Attend A Course

5. Get Pre-Approved

6. Find Suitable Homes