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Buying a home this spring? Check out our 2019 update of State Homebuying Assistance Programs

Home buyer programs by state

State-by-state home buyer programs

On the map below, click on your state to see home buyer assistance programs available in your area. Once clicked, below the map you will find brief descriptions of available programs and a table of links to reach the state agency website, find participating lenders, see qualification details, get homebuyer education courses and to contact the agency for additional questions, help and information. Each state differs in the number and type of programs they offer.

In addition to these statewide offers, some states also have targeted funds or special programs aimed at certain geographic or metropolitan areas in the state, so be sure to visit your state's housing agency website to see if there is additional help available to you.

WashingtonIdahoMontanaNorth DakotaMinnesotaWisconsinMichiganOregonWyomingSouth DakotaIowaIllinoisIndianaOhioCaliforniaNevadaUtahColoradoNebraskaKansasMissouriKentuckyArizonaNew MexicoTexasOklahomaArkansasLouisianaMississippiTennesseeAlabamaGeorgiaFloridaWest VirginiaMarylandPennsylvaniaNew YorkVermontNew HampshireMaineMassachusettsRhode IslandConnecticutNew JerseyDelawareVirginiaNorth CarolinaSouth CarolinaAlaskaHawaiiWashington DCDelawareVermontNew JerseyRhode IslandConnecticutNew HampshireMassachusettsMarylandWashington DCHawaii

HSH.com has compiled a list of home buyer programs in each state in order to inform borrowers of what assistance might be available to them in their local area.

Each state offers a different number of programs, and each state offers varying levels of buyer assistance. For this project, HSH.com only collected information on programs that were available statewide. While targeting first-time home buyers, we did not exclude programs available to repeat buyers as well. Each state defines a first-time home buyer as someone who has never owned a home, or someone who has not owned a home in the past three years.

If programs do have a first-time-buyer requirement, that restriction is almost always waived for qualifying veterans or someone buying a home in a state-designated “target area.”

To qualify for one of these statewide home buyer programs, which can offer anything from below-market mortgage rates to down-payment assistance to special programs for police or firefighters, borrowers must almost always attend a home buyer education course. Statewide assistance programs must be acquired through a participating lender.

Alaska Homebuyer Assistance Programs
Interested? Get more help, learn details, find participating lenders
Visit
Alaska
website
Qualification info Homebuyer classes
Participating lenders Contact for more help
Check current Alaska mortgage rates
Program Name:
Tax-Exempt First-Time Homebuyer Program
Type:
Purchase mortgage, down-payment assistance
Audience:
First-time homebuyers (3-year rule), repeat buyers in target areas, veterans
Feature:
Reduced interest rates, down-payment assistance
Options for energy-efficient loans, interest rate reduction, veterans assistance
Property type:
Single-family homes, approved condos, duplexes and Type I manufactured homes
Funds needed:
Not declared
Income Limits:
Yes, vary by area
Counseling/classes required:
Yes, with some loan programs
Purchase price limits:
Yes, vary by area
Downpayment assistance:
Yes, with The Affordable Housing Enhanced Loan Program
Credit score:
Not declared
Notes:
Federal recapture tax upon sale of home may apply
Program Name:
Taxable First-Time Homebuyer Program
Type:
Purchase mortgage, down-payment assistance
Audience:
First-time homebuyers (3-year rule), qualifying repeat borrowers
Feature:
Property type:
Single-family homes, approved condos, duplexes and Type I manufactured homes
Funds needed:
Not declared
Income Limits:
Not declared
Counseling/classes required:
Yes, with some loan programs
Purchase price limits:
Not declared
Downpayment assistance:
Yes, with The Affordable Housing Enhanced Loan Program
Credit score:
Not declared
Notes:
Additional loans, grants are available under this program
Program Name:
Closing Cost Assistance Program
Type:
Purchase mortgage - FHA, VA or USDA-backed 30-year fixed-rate
Audience:
First-time and repeat homebuyers
Feature:
Mortgage and downpayment loan of 3% to 4% of purchase price
Funds can be used toward downpayment and closing costs
Property type:
Single-family homes
Funds needed:
Not declared
Income Limits:
Yes, vary by area
Counseling/classes required:
Yes
Purchase price limits:
Yes, vary by area
Downpayment assistance:
Included in this program
Credit score:
640
Program Name:
Manufactured Home Program
Type:
Purchase mortgage
Audience:
Not declared
Feature:
Loans of up to 14 years for new mobile homes
Property type:
New or existing Type II (no permanent foundation) manufactured homes
Funds needed:
15% down unless VA-eligible
Income Limits:
Not declared
Counseling/classes required:
Not declared
Purchase price limits:
Max loan of $175,000 for fee-simple; $100,000 for all other Type II units
Downpayment assistance:
Not declared
Credit score:
Not declared
Notes:
Financed under the "Taxable" program
Program Name:
Nonconforming Program
Type:
Purchase or refinance mortgage
Audience:
First-time and repeat homebuyers
Feature:
For properties with nonstandard foundations, heating systems, etc
Property type:
Single-family home, condo, duplex, triplex, fourplex, Type I manufactured homes
Funds needed:
20 percent down payment required
Income Limits:
Not declared
Counseling/classes required:
No
Purchase price limits:
Not declared
Downpayment assistance:
No
Credit score:
Not declared
Notes:
Recreational properties disallowed
Program Name:
Refinance Program - Streamline
Type:
Refinance mortgage, home improvements
Audience:
Existing AHFC mortgage holders
Feature:
No cash back excepting bona fide closing costs
No appraisal or credit package required
Property type:
Single-family homes, approved condos, duplexes and Type I manufactured homes
Funds needed:
Program dependent
Income Limits:
Not declared
Counseling/classes required:
No
Purchase price limits:
Not declared
Downpayment assistance:
No
Credit score:
Not declared
Notes:
Original may be a first or second lien. First and second may be consolidated.
Program Name:
Veteran's Program
Type:
Purchase mortgage
Audience:
Qualified veterans
Feature:
1% interest rate reduction on first $50,000 of loan
Property type:
Owner-occupied single-family home, qualifying duplex, triplex or fourplex
Funds needed:
Not declared
Income Limits:
Not declared
Counseling/classes required:
No
Purchase price limits:
Not declared
Downpayment assistance:
No
Credit score:
Not declared
Notes:
Veterans may also qualify for the veteran's exemption under the TEP program
Alabama Homebuyer Assistance Programs
Interested? Get more help, learn details, find participating lenders
Visit
Alabama
website
Qualification info Homebuyer classes
Participating lenders Contact for more help
Check current Alabama mortgage rates
Program Name:
Step Up Program
Type:
Purchase mortgage (FHA or Conventional) and downpayment loan
Audience:
First-time and repeat moderate-income home buyers
Feature:
30-year fixed rate first mortgage, with a 10-year second mortgage for down-payment
Homeowners write 1 check per month for both liens
Property type:
Single-family homes, approved condos, townhomes, eligible manufactured housing
Funds needed:
Not declared
Income Limits:
$97,300, regardless of household size or location
Counseling/classes required:
Yes - Homebuyers must complete a homeownership education course
Purchase price limits:
Not declared
Downpayment assistance:
Yes - 3% down payment assistance available through Step Up
Credit score:
620
Notes:
For new or existing homes in Alabama
Program Name:
Freddie Mac Home Possible Advantage
Type:
Purchase mortgage, 30-year Conventional, with down payment assistance (Grant or Loan)
Audience:
First-time and repeat moderate-income home buyers
Feature:
Available 10-year 2nd loan, or non-repayable Grant up to $2,500, depending upon income
Property type:
Single-family homes, approved condos, townhomes, eligible manufactured housing
Funds needed:
Not declared
Income Limits:
Yes, vary by area
Counseling/classes required:
Yes
Purchase price limits:
Yes, vary by area
Downpayment assistance:
Yes, included
Credit score:
620
Notes:
For new or existing homes in Alabama
Program Name:
Affordable Income Subsidy Grant
Type:
Grant to help with closing costs, non-repayable
Audience:
Those with qualifying income at or below 80% of the Area Median Income (AMI)
Feature:
Based upon your income, grants are either $1,500 or $2,500
Available with Freddie Mac Home Possible Advantage conventional loans only
Property type:
New or existing homes in Alabama
Funds needed:
Not declared
Income Limits:
At or below 80% of the Area Median Income (AMI) limits
Counseling/classes required:
Yes
Purchase price limits:
Not declared
Downpayment assistance:
Yes
Credit score:
620
Notes:
0
Program Name:
Mortgage Credit Certificate Program
Type:
Federal Tax Credit for Mortgage Interest
Audience:
First-time buyer (3-year rule), qualified veteran, or target area buyer
Feature:
Deduct up to 50% of interest costs, capped at $2,000 annually, for life of loan
Property must remain buyer's primary residence, or Recapture Tax may apply
Property type:
Single-family homes, approved condos, townhomes, eligible manufactured housing
Funds needed:
Not declared
Income Limits:
Yes, vary by area
Counseling/classes required:
Yes
Purchase price limits:
Yes, vary by area
Downpayment assistance:
N/A
Credit score:
620
Notes:
For purchase of a new or existing home (refinance not eligible)
Arkansas Homebuyer Assistance Programs
Interested? Get more help, learn details, find participating lenders
Visit
Arkansas
website
Qualification info Homebuyer classes
Participating lenders Contact for more help
Check current Arkansas mortgage rates
Program Name:
ADFA Move-Up Loan Program
Type:
Purchase mortgage, FHA, VA, USDA or conventional 30-year fixed rate
Audience:
First-time and repeat homebuyers
Feature:
Property type:
Owner-occupied single-family homes
Funds needed:
Not declared
Income Limits:
Not declared
Counseling/classes required:
No
Purchase price limits:
$424,100
Downpayment assistance:
Available with other ADFA programs
Credit score:
Not declared
Notes:
First-time buyers may also qualify for a free Mortgage Credit Certificate
Program Name:
AFDA Down Payment Assistance Program (DPA)
Type:
Down payment loan
Audience:
First-time and repeat homebuyers
Feature:
10-year second mortgage from $1,000 to $10,000 for downpayment or closing costs
Requires a 30-yr fixed ADFA Move-Up Loan
Property type:
Owner-occupied single-family homes
Funds needed:
Minimum 3% down payment
Income Limits:
Not declared
Counseling/classes required:
Yes, for some borrowers
Purchase price limits:
$424,100
Downpayment assistance:
Yes
Credit score:
Not declared
Notes:
First-time buyers may also qualify for a free Mortgage Credit Certificate
Program Name:
AFDA Arkansas Dream Down Payment Initiative (ADDI)
Type:
Downpayment loan, up to a maximum of $10,000
Audience:
First-time and repeat homebuyers
Feature:
Second mortgage loan with no monthly payment that is forgivable over five years
Requires a 30-yr fixed ADFA Move-Up Loan
Property type:
Owner-occupied single-family homes
Funds needed:
Not declared
Income Limits:
Yes, vary by area
Counseling/classes required:
Yes, Pre-Purchase Homebuyer Education Class is required (8 hours)
Purchase price limits:
$424,100
Downpayment assistance:
Yes
Credit score:
Not declared
Notes:
First-time buyers may also qualify for a free Mortgage Credit Certificate
Program Name:
Mortgage Credit Certificate Program
Type:
Federal Tax Credit for Mortgage Interest
Audience:
First-time buyer (3-year rule), qualified veteran, or target area buyer
Feature:
Tax credit of up to 50% of the mortgage interest paid per year, up to $2,000 annually
Property must remain buyer's primary residence for 9 years, or Recapture Tax may apply
Property type:
Owner-occupied single-family homes
Funds needed:
Free with "Move-up Choice" program, or 0.5% fee for as a standalone
Income Limits:
Yes, vary by area
Counseling/classes required:
No
Purchase price limits:
$270,000
Downpayment assistance:
N/A
Credit score:
Not declared
Arizona Homebuyer Assistance Programs
Interested? Get more help, learn details, find participating lenders
Visit
Arizona
website
Qualification info Homebuyer classes
Participating lenders Contact for more help
Check current Arizona mortgage rates
Program Name:
Home Plus
Type:
Purchase mortgage
Audience:
First-time homebuyers (and repeat buyers, restrictions may apply)
Feature:
Mortgage and downpayment loan
Downpayment loan has no payments, forgiven after 3 years
Property type:
Single-family, townhomes, condos, manufactured homes and 2-unit properties
Funds needed:
Not declared
Income Limits:
$99,170
Counseling/classes required:
Yes
Purchase price limits:
$396,680
Downpayment assistance:
Yes, up to 5% depending upon loan
Credit score:
640, 660 or 680 depending upon mortgage type
Notes:
Geographic restrictions apply
California Homebuyer Assistance Programs
Interested? Get more help, learn details, find participating lenders
Visit
California
website
Qualification info Homebuyer classes
Participating lenders Contact for more help
Check current California mortgage rates
Program Name:
CalHFA Conventional Program
Type:
30-Year fixed conventional mortgage, lower interest
Audience:
First-time and repeat homebuyers
Feature:
Interest rates will vary based on your financial circumstances, lender fees, etc.
Property type:
Single-family homes, approved condos, PUDs, manufactured housing, others
Funds needed:
Not declared
Income Limits:
Yes, vary by area
Counseling/classes required:
Yes
Purchase price limits:
$765,000 statewide
Downpayment assistance:
Available with other programs
Credit score:
Not declared
Notes:
Max 5-acres, guest houses, granny units and in-law quarters may also be eligible
Program Name:
CalPlus Conventional Program
Type:
30-Year conventional mortgage PLUS Zero Interest Program for closing costs
Audience:
First-time and repeat homebuyers
Feature:
Interest rate on first mortgage is slightly higher than the CalHFA Conventional loan
Property type:
Single-family homes, approved condos, PUDs, manufactured housing, others
Funds needed:
Not declared
Income Limits:
Yes, vary by area
Counseling/classes required:
Yes
Purchase price limits:
$765,000
Downpayment assistance:
Available with other programs
Credit score:
Not declared
Notes:
Max 5-acres, guest houses, granny units and in-law quarters may also be eligible
Program Name:
CalHFA FHA Loan Program
Type:
Purchase mortgage, FHA 30-year fixed rate
Audience:
First-time and repeat homebuyers
Feature:
Interest rates will vary based on your financial circumstances, lender fees, etc
Property type:
Single-family homes, approved condos, PUDs, manufactured housing, others
Funds needed:
Not declared
Income Limits:
Yes, vary by area
Counseling/classes required:
Yes
Purchase price limits:
$765,000
Downpayment assistance:
Available with other programs
Credit score:
Not declared
Notes:
Max 5-acres, guest houses, granny units and in-law quarters may also be eligible
Program Name:
CalPlus FHA Loan Program
Type:
30-Year fixed FHA first mortgage PLUS Zero Interest Program for closing costs
Audience:
First-time and repeat homebuyers
Feature:
Interest rate on first mortgage is slightly higher than the CalHFA FHA program
Property type:
Single-family homes, approved condos, PUDs, manufactured housing, others
Funds needed:
Not declared
Income Limits:
Yes, vary by area
Counseling/classes required:
Yes
Purchase price limits:
$765,000
Downpayment assistance:
Available with other programs
Credit score:
Not declared
Notes:
Max 5-acres, guest houses, granny units and in-law quarters may also be eligible
Program Name:
CalHFA VA Loan Program
Type:
30-Year fixed VA first mortgage, lower interest
Audience:
First-time and repeat homebuyers
Feature:
VA-backed loans require no downpayment
Present a valid certificate of eligibility per VA guidelines
Property type:
Single-family homes, approved condos, PUDs, max 5 acres (no manufactured homes)
Funds needed:
Not declared
Income Limits:
Yes, vary by area
Counseling/classes required:
Yes
Purchase price limits:
$765,000
Downpayment assistance:
N/A
Credit score:
Not declared
Notes:
Guest houses, granny units and in-law quarters may also be eligible
Program Name:
Cal EEM+ Grant Program
Type:
30-year fixed combination FHA-backed mortgage with Energy Efficiency Grant
Audience:
First-time and repeat homebuyers
Feature:
Interest rates will vary based on your financial circumstances, lender fees, etc
Property type:
Single-family homes, approved condos, PUDs, manufactured housing, others
Funds needed:
Not declared
Income Limits:
Yes, vary by area
Counseling/classes required:
Yes
Purchase price limits:
$765,000
Downpayment assistance:
No
Credit score:
Not declared
Notes:
Funds can be used for insulating, updating windows and doors, furnace, A/C, etc
Program Name:
MyHome Assistance Program
Type:
Junior mortgage, to be used for down payment and/or closing costs
Audience:
First-time homebuyer (3-year rule)
Feature:
Loan amount based on lesser of 3.5% of the purchase price or appraised value
Payments are deferred until home is sold, refinanced or paid in full
Property type:
Single-family homes, approved condos, PUDs, manufactured housing, others
Funds needed:
Not declared
Income Limits:
Yes, vary by area
Counseling/classes required:
Yes
Purchase price limits:
$765,000
Downpayment assistance:
No
Credit score:
Not declared
Notes:
Max 5-acres, guest houses, granny units and in-law quarters may also be eligible
Program Name:
CalHFA Zero Interest Program (ZIP)
Type:
Second mortgage, 0% interest rate
Audience:
First-time and repeat homebuyers
Feature:
Available with CalHFA Conventional or CalHFA FHA program
Requires no regular monthly payments
Property type:
Single-family homes, approved condos, PUDs, manufactured housing, others
Funds needed:
Not declared
Income Limits:
Yes, vary by area
Counseling/classes required:
Yes
Purchase price limits:
$675,000
Downpayment assistance:
No
Credit score:
Not declared
Notes:
Max 5-acres, guest houses, granny units and in-law quarters may also be eligible
Program Name:
School Teacher and Employee Assistant Program (School Program)
Type:
Junior loan up to 4% of the purchase price, used only for down payment or closing costs
Audience:
First-time homebuyers (3-year rule) working in CA schools
Feature:
Must be employed in a CA K-12 public school, charter school, or county/continuation school
Property type:
Single-family homes, approved condos, PUDs, manufactured housing, others
Funds needed:
Not declared
Income Limits:
Yes, vary by area
Counseling/classes required:
Yes
Purchase price limits:
$765,000
Downpayment assistance:
Yes
Credit score:
Not declared
Notes:
Max 5-acres, guest houses, granny units and in-law quarters may also be eligible
Program Name:
Mortgage Credit Certificate Program
Type:
Federal Tax Credit for Mortgage Interest
Audience:
First-time buyer (3-year rule), qualified veteran, or target area buyer
Feature:
Deduct up to 20% of interest cost annually, no cap, for life of loan
Property must remain buyer's primary residence, or Recapture Tax may apply
Property type:
Single-family homes, approved condos, PUDs, manufactured housing, others
Funds needed:
Not declared
Income Limits:
Yes, vary by area
Counseling/classes required:
Yes
Purchase price limits:
$765,000
Downpayment assistance:
N/A
Credit score:
Not declared
Notes:
Max 5-acres, guest houses, granny units and in-law quarters may also be eligible
Colorado Homebuyer Assistance Programs
Interested? Get more help, learn details, find participating lenders
Visit
Colorado
website
Qualification info Homebuyer classes
Participating lenders Contact for more help
Check current Colorado mortgage rates
Program Name:
CHFA Advantage
Type:
Purchase or refinance mortgage, conventional 30-year fixed rate
Audience:
First-time and repeat homebuyers
Feature:
(PMI) mortgage insurance not required
Max loan amount is the lower of $484,350 or amt req by Fannie Mae or Freddie Mac
Property type:
Single-family homes, approved condos, PUDs, mfd housing with foundation
Funds needed:
$1,000 (may be a gift)
Income Limits:
$115,600
Counseling/classes required:
Yes
Purchase price limits:
Not declared
Downpayment assistance:
No
Credit score:
680
Notes:
Only a Purchase mortgage may be combined with Mortgage Credit Certificate Programs
Program Name:
CHFA Preferred
Type:
Purchase mortgage, conventional 30-year fixed rate
Audience:
First-time and repeat homebuyers
Feature:
Maximum loan amount is currently $484,350
Property type:
Single-family homes, approved condos, PUDs, some mfd housing with foundation
Funds needed:
$1,000 (may be a gift)
Income Limits:
$115,600
Counseling/classes required:
Yes
Purchase price limits:
Not declared
Downpayment assistance:
Optional: No-repayment grant of up to 4% of loan amount or 2nd mtg up to 5% of loan amt
Credit score:
620
Notes:
CHFA does not allow cosigners or non-occupying co-borrowers
Program Name:
CHFA Preferred Refinance
Type:
30-year conventional fixed rate loan (any CHFA or non-CHFA loan may be refinanced)
Audience:
First-time and repeat homebuyers
Feature:
CHFA does not allow cosigners or non-occupying co-borrowers
Maximum loan amount is currently $484,350
Property type:
Single-family homes, approved condos, PUDs, some mfd housing with foundation
Funds needed:
None
Income Limits:
$115,600
Counseling/classes required:
No
Purchase price limits:
Not declared
Downpayment assistance:
Optional: No-repayment grant of up to 4% of loan amount or 2nd mtg up to 5% of loan amt
Credit score:
620
Program Name:
CHFA FirstStep
Type:
Purchase mortgage, FHA 30-year fixed rate
Audience:
First-time buyer (3-year rule), qualified veteran, or target area buyer
Feature:
Maximum loan amount is currently $484,350
Property type:
Single-family homes, approved condos, PUDs, mfd housing with foundation
Funds needed:
$1,000 (may be a gift)
Income Limits:
Yes, vary by area
Counseling/classes required:
Yes
Purchase price limits:
Not declared
Downpayment assistance:
Yes, optional program: No-interest second mortgage of up to 5% of loan amount
Credit score:
620
Program Name:
CHFA SmartStep
Type:
30-year fixed Purchase mortgage (FHA, FHA 203(k), VA, and USDA-R)
Audience:
First-time buyer (3-year rule), qualified veteran, or target area buyer
Feature:
Maximum loan amount is currently $484,350
Property type:
Single-family homes, approved condos, PUDs, mfd housing with foundation
Funds needed:
$1,000 (may be a gift)
Income Limits:
$115,600
Counseling/classes required:
Yes
Purchase price limits:
Not declared
Downpayment assistance:
Optional: No-repayment grant of up to 4% of loan amount or 2nd mtg up to 5% of loan amt
Credit score:
620
Program Name:
CHFA HomeOpener
Type:
Purchase mortgage, FHA, FHA 203(k), VA, and USDA RD 30-year fixed-rate
Audience:
First-time and repeat homebuyers
Feature:
Maximum loan amount is currently $484,350
Property type:
Single-family homes, approved condos, PUDs, mfd housing with foundation
Funds needed:
$1,000 (may be a gift)
Income Limits:
Yes, vary by area
Counseling/classes required:
Yes
Purchase price limits:
Not declared
Downpayment assistance:
Optional: No-repayment grant of up to 4% of loan amount or 2nd mtg up to 5% of loan amt
Credit score:
620
Notes:
Second mortgage is repaid on refinance or sale of property
Program Name:
CHFA HomeAccess
Type:
FHA or USDA 30-year fixed rate first mortgage (max $484,350)
Audience:
First-time homebuyer (3-year rule), qualified veteran
Feature:
Optional 0% interest rate second mortgage of up to $25,000
Borrower must have a permanent disability or be a custodial parent of a child who has a permanent disability
Property type:
Single-family homes, approved condos, PUDs, mfd housing with foundation
Funds needed:
Either $500 or $1,000 (may be a gift)
Income Limits:
Yes, vary by area
Counseling/classes required:
Yes
Purchase price limits:
Not declared
Downpayment assistance:
Yes, optional 0% interest rate second mortgage of up to $25,000; no payments first 485 months
Credit score:
620
Notes:
CHFA HomeAccess first mortgage and second mortgage loans may be subject to the Recapture Tax
Connecticut Homebuyer Assistance Programs
Interested? Get more help, learn details, find participating lenders
Visit
Connecticut
website
Qualification info Homebuyer classes
Participating lenders Contact for more help
Check current Connecticut mortgage rates
Program Name:
Homebuyer Mortgage Program
Type:
30-year fixed-rate mortgage with below-market interest rates
Audience:
First-time buyer (3-year rule), or buyer in a target area
Feature:
Below market interest rate
Property type:
Single-family home, townhouse, approved condo, some 2-4 unit homes
Funds needed:
Not declared
Income Limits:
Yes, vary by area
Counseling/classes required:
Yes
Purchase price limits:
Yes, vary by area
Downpayment assistance:
Supplemental DAP loan pays a minimum of $3,000 toward down payment
Credit score:
Not declared
Program Name:
Down Payment Assistance Loan (DAP)
Type:
Low-interest second mortgage for down payment
Audience:
First-time buyer (3-year rule), qualified veteran, or target area buyer
Feature:
Minimum $3,000; maximum 3% or 3.5% of purchase price
You must first qualify for a CHFA mortgage
Property type:
Single-family home, townhouse, approved condo, some 2-4 unit homes
Funds needed:
$200 fee, and liquid borrower funds above $10,000 must be used toward downpayment and costs first
Income Limits:
Yes, vary by area
Counseling/classes required:
Yes
Purchase price limits:
Yes, vary by area
Downpayment assistance:
Yes
Credit score:
Not declared
Notes:
Borrower can retain up to $10,000 liquid assets
Program Name:
HFA Advantage
Type:
30-year fixed-rate mortgage with below-market interest rates
Audience:
First-time buyer (3-year rule), or buyer in a target area
Feature:
Below market interest rate and reduced mortgage insurance costs
Property type:
Owner-occupied single-family home, townhouse, approved condo
Funds needed:
Not declared
Income Limits:
Yes, vary by area
Counseling/classes required:
Yes
Purchase price limits:
Yes, vary by area
Downpayment assistance:
Supplemental DAP loan pays a minimum of $3,000 toward down payment
Credit score:
Not declared
Notes:
You could be required to pay a Federal Recapture Tax if you sell your home within the first nine years
Program Name:
HFA Preferred
Type:
30-year fixed-rate mortgage with below-market interest rates
Audience:
First-time buyer (3-year rule), or buyer in a target area
Feature:
Below market interest rate and reduced mortgage insurance costs
Property type:
Owner-occupied single-family home, townhouse, approved condo, some 2-4 unit homes
Funds needed:
Not declared
Income Limits:
Yes, vary by area
Counseling/classes required:
Yes
Purchase price limits:
Yes, vary by area
Downpayment assistance:
Supplemental DAP loan pays a minimum of $3,000 toward down payment
Credit score:
Not declared
Notes:
You could be required to pay a Federal Recapture Tax if you sell your home within the first nine years
Program Name:
Military Homeownership Programs
Type:
30-year fixed-rate mortgage with below-market interest rates
Audience:
Veterans, surviving spouses and civil union partners
Feature:
Property type:
Owner-occupied single-family home, townhouse, approved condo, some 2-4 unit homes
Funds needed:
Not declared
Income Limits:
Yes, vary by area
Counseling/classes required:
Yes
Purchase price limits:
Yes, vary by area
Downpayment assistance:
Supplemental DAP loan pays a minimum of $3,000 toward down payment
Credit score:
Not declared
Notes:
You could be required to pay a Federal Recapture Tax if you sell your home within the first nine years
Program Name:
Teacher's Mortgage Assistance Program
Type:
30-year fixed-rate mortgage with below-market interest rates
Audience:
First-time buyer (3-year rule), or buyer in a target area
Feature:
Additional 0.125% off already below-market interest rate loans (conditions apply)
Property type:
Owner-occupied single-family home, townhouse, PUDs, approved condo, some 2-4 unit homes
Funds needed:
Not declared
Income Limits:
Yes, vary by area
Counseling/classes required:
Yes
Purchase price limits:
Yes, vary by area
Downpayment assistance:
Supplemental DAP loan pays a minimum of $3,000 toward down payment
Credit score:
Not declared
Notes:
You could be required to pay a Federal Recapture Tax if you sell your home within the first nine years
Program Name:
Police Homeownership Program
Type:
30-year fixed-rate mortgage with below-market interest rates
Audience:
First-time homebuyer, state or municipal police officer purchasing in town where they work
Feature:
Additional 0.125% off already below-market interest rate loans (conditions apply)
Property type:
Owner-occupied single-family home, townhouse, approved condo, some 2-4 unit homes
Funds needed:
Not declared
Income Limits:
Yes, vary by area
Counseling/classes required:
Yes
Purchase price limits:
Yes, vary by area
Downpayment assistance:
Supplemental DAP loan pays a minimum of $3,000 toward down payment
Credit score:
Not declared
Program Name:
Mobile / Manufactured Home Program
Type:
30-year fixed-rate mortgage with below-market interest rates
Audience:
First-time buyer (3-year rule), or buyer in a target area
Feature:
Eligibility depends on the availability of state funds that have been set aside to help finance these homes. 
Property type:
Single or double-wide manufactured home with permanent foundation
Funds needed:
20% down payment required
Income Limits:
Yes, vary by area
Counseling/classes required:
Yes
Purchase price limits:
Yes, vary by area
Downpayment assistance:
None
Credit score:
Not declared
Notes:
Year-round home in a state-licensed mobile home park homes only, year lease req
Program Name:
FHA 203(k) Renovation Mortgage Program
Type:
Purchase and rehabilitation mortgage, FHA-backed 30-year
Audience:
First-time homebuyer (3-year rule)
Feature:
Access funds in excess of purchase price to update property up to $35,000
Structural repairs or amounts greater than $35K handled under Standard 203(k) Rehabilitation program
Property type:
Single-family homes, approved condos, some conversions
Funds needed:
Not declared
Income Limits:
Yes, vary by area
Counseling/classes required:
Yes
Purchase price limits:
Yes, vary by area
Downpayment assistance:
Supplemental DAP loan pays a minimum of $3,000 toward down payment
Credit score:
Not declared
Washington D.C. Homebuyer Assistance Programs
Interested? Get more help, learn details, find participating lenders
Visit
Washington D.C.
website
Qualification info Homebuyer classes
Participating lenders Contact for more help
Check current Washington D.C. mortgage rates
Program Name:
DC Open Doors (DCOD)
Type:
Purchase mortgage - FHA or Conventional 30-year fixed rate
Audience:
First-time and repeat homebuyers
Feature:
Available forgivable Second DPA 5-year loan, 0% interest, no monthly payments
DPA second loan is up to 3.5% of first lien amount
Property type:
Single-family, townhouse, condo, modular, 1-4 units, (no mfd housing or co-ops)
Funds needed:
Not declared
Income Limits:
$140,640
Counseling/classes required:
Recommended but not required
Purchase price limits:
Not declared, but max loan amount is currently $484,350 for single-family homes
Downpayment assistance:
Available to all homebuyers that qualify under the DC Open Doors Program
Credit score:
640
Notes:
2nd lien is repayable upon sale, refinance, transfer, or if home is not owner-occupied
Program Name:
DC Open Doors Down Payment Assistance Loan
Type:
Second mortgage, 5-year term, 0% interest, no payments, forgiven at 20% per year
Audience:
First-time and repeat homebuyers
Feature:
Borrow up to 3% (Conventional) or 3.5% (FHA) of the purchase price
Loan must be repaid if borrower sells, refinances or vacates property within first 5 years
Property type:
Single-family, townhouse, condo, modular, 1-4 units, (no mfd housing or co-ops)
Funds needed:
Not declared
Income Limits:
$140,640
Counseling/classes required:
Required for first-time homebuyers on all conventional loan products
Purchase price limits:
Not declared, but max loan amount is currently $484,350 for single-family homes
Downpayment assistance:
Yes
Credit score:
640
Program Name:
Home Purchase Assistance Program (HPAP)
Type:
Second mortgage, up to $84,000, 0% interest, deferred or no-payment options
Audience:
First-time buyer (3-year rule), very low-to-moderate income, elderly, disabled or displaced homebuyers
Feature:
Up to $80,000 in down payment, plus up to $4,000 in closing cost assistance
Entire loan amount is immediately due upon sale, refinance, or if home is not owner-occupied
Property type:
Single-family, townhouse, condo, modular, 1-4 units, (no mfd housing or co-ops)
Funds needed:
Greater of $500 or 50% of liquid assets in excess of $3,000
Income Limits:
Special limits based on family size, maximum of $137,000
Counseling/classes required:
Yes
Purchase price limits:
None, but first loan maximum is $484,350
Downpayment assistance:
Yes
Credit score:
600
Program Name:
Mortgage Credit Certificate
Type:
Federal Tax Credit for Mortgage Interest
Audience:
First-time buyer (3-year rule), qualified veteran, or target area buyer
Feature:
Deduct up to 20% of interest costs, capped at $2,000 annually, for life of loan
Property must remain buyer's primary residence, or Recapture Tax may apply
Property type:
Single-family homes, approved condos, townhomes (no 2-4 unit or co-ops)
Funds needed:
Not declared
Income Limits:
Yes, vary by area
Counseling/classes required:
Yes
Purchase price limits:
$625,764 non-target, $764,823 target areas
Downpayment assistance:
N/A
Credit score:
Not declared
Notes:
2-4 unit properties are eligible if MCC is used as stand-alone (1 unit must be owner-occupied)
Delaware Homebuyer Assistance Programs
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Visit
Delaware
website
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Participating lenders Contact for more help
Check current Delaware mortgage rates
Program Name:
Welcome Home Homeownership Program
Type:
Purchase mortgage, FHA, VA, USDA or conventional 30-year fixed rate
Audience:
First-time buyer (3-year rule), or buyer in a target area
Feature:
Below-market interest rate
Property type:
Single-family, townhouse, condo, co-op unit, multi-family (up to 4 units)
Funds needed:
Not declared
Income Limits:
$97,900
Counseling/classes required:
Yes, if credit score is below 659
Purchase price limits:
$484,350 ($417,000 in Kent, New Castle or Sussex)
Downpayment assistance:
With Preferred Plus Program, no-interest 2nd mtg of 2% to 5% of your loan amt
Credit score:
620
Program Name:
Home Again Homeownership Program
Type:
Purchase mortgage
Audience:
Repeat homebuyers
Feature:
Below-market interest rate
Property type:
Single-family, townhouse, condo, co-op unit, multi-family (up to 4 units)
Funds needed:
Not declared
Income Limits:
$97,900
Counseling/classes required:
Yes, if credit score is below 659
Purchase price limits:
$484,350 ($417,000 in Kent, New Castle or Sussex)
Downpayment assistance:
With Preferred Plus Program, no-interest 2nd mtg of 2% to 5% of your loan amt
Credit score:
620
Program Name:
Preferred Plus Program
Type:
30-Year second mortgage (must be coupled with DSHA purchase loan)
Audience:
First-time buyer (3-year rule), or buyer in a target area
Feature:
No-interest 2nd-mortgage loan of 2 percent to 5 percent of your loan amount
Must be repaid upon sale, transfer or refinance of the home, or if no longer your primary residence
Property type:
Single-family, townhouse, condo, co-op unit, multi-family (up to 4 units)
Funds needed:
Not declared
Income Limits:
$97,900
Counseling/classes required:
Yes, if credit score is below 659
Purchase price limits:
$484,350 ($417,000 in Kent, New Castle or Sussex)
Downpayment assistance:
Yes
Credit score:
620
Notes:
Proceeds from this loan are for down payment and closing costs
Program Name:
First-Time Homebuyer Tax Credit (MCC)
Type:
Federal Tax Credit for Mortgage Interest
Audience:
First-time buyer (3-year rule), qualified veteran, or target area buyer
Feature:
Deduct up to 35% of interest cost, capped at $2,000 annually, for life of loan
Property must remain buyer's primary residence, or Recapture Tax may apply
Property type:
Single-family, townhouse, condo, co-op unit, multi-family (up to 4 units)
Funds needed:
Not declared
Income Limits:
$97,900
Counseling/classes required:
Yes, if credit score is below 659
Purchase price limits:
$484,350 ($417,000 in Kent, New Castle or Sussex)
Downpayment assistance:
No
Credit score:
620
Notes:
Mortgage must be a DEHousing first mortgage loan or any loan from a CHFA MCC-approved lender
Florida Homebuyer Assistance Programs
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Florida
website
Qualification info Homebuyer classes
Participating lenders Contact for more help
Check current Florida mortgage rates
Program Name:
Florida First
Type:
Purchase mortgage - FHA, VA or USDA-backed 30-year fixed-rate
Audience:
First-time buyer (3-year rule), qualified veteran, or target area buyer
Feature:
Property type:
Single-family homes
Funds needed:
Not declared
Income Limits:
Yes, vary by area
Counseling/classes required:
Yes
Purchase price limits:
Yes, vary by area
Downpayment assistance:
Yes; up to $7,500 0% deferred 2nd mtg, or up to $10,000 3% 15-yr 2nd mtg
Credit score:
640
Program Name:
Florida Military Heroes
Type:
Purchase mortgage - FHA, VA or USDA-backed 30-year fixed-rate
Audience:
Veteran and active military homebuyers
Feature:
Below-market interest rate
Property type:
Single-family homes
Funds needed:
Not declared
Income Limits:
Yes, vary by area
Counseling/classes required:
Yes
Purchase price limits:
Yes, vary by area
Downpayment assistance:
Yes; up to $7,500 0% deferred 2nd mtg with FL AssisT, or up to $10,000 3% 15-yr 2nd mtg with FL HLP
Credit score:
640
Program Name:
FL HFA Preferred Conventional Loan Program for BOND
Type:
Purchase mortgage, 30-year fixed rate
Audience:
First-time buyer (3-year rule), qualified veteran, or target area buyer
Feature:
Reduced interest rate
Property type:
Single-family homes
Funds needed:
Not declared
Income Limits:
Yes, vary by area
Counseling/classes required:
Yes
Purchase price limits:
Yes, vary by area
Downpayment assistance:
Yes; up to $7,500 0% deferred 2nd mtg with FL AssisT, or up to $10,000 3% 15-yr 2nd mtg with FL HLP
Credit score:
640
Program Name:
FL HFA Plus Preferred Conventional Loan Program for TBA
Type:
Purchase mortgage, 30-year fixed rate
Audience:
First-time buyer (3-year rule), qualified veteran, or target area buyer
Feature:
All who qualify for this 30-yr mortgage also qualify for Florida Assist
Property type:
Single-family homes
Funds needed:
Not declared
Income Limits:
Yes, vary by area
Counseling/classes required:
Yes
Purchase price limits:
Yes, vary by area
Downpayment assistance:
Florida Assist: 2nd mortgage, 0% interest, up to $7,500 for down pymt & closing costs
Credit score:
640
Program Name:
Florida Assist
Type:
Second mortgage, 0% interest rate, deferred repayment
Audience:
First-time buyer (3-year rule), qualified veteran, or target area buyer
Feature:
Up to $7,500 for down payment and closing costs
Must be repaid upon sale, transfer, refinance, retirement of the first mortgage or owner vacancy
Property type:
Single-family homes
Funds needed:
Not declared
Income Limits:
Yes, vary by area
Counseling/classes required:
Yes
Purchase price limits:
Yes, vary by area
Downpayment assistance:
Yes
Credit score:
640
Program Name:
Mortgage Credit Certificate
Type:
Federal Tax Credit for Mortgage Interest
Audience:
First-time buyer (3-year rule), qualified veteran, or target area buyer
Feature:
Deduct up to 30% of interest cost, capped at $2,000 annually, for life of loan
Property must remain buyer's primary residence, or Recapture Tax may apply
Property type:
Single-family homes
Funds needed:
Not declared
Income Limits:
Yes, vary by area
Counseling/classes required:
No
Purchase price limits:
Yes, vary by area
Downpayment assistance:
No
Credit score:
640
Notes:
Certificate is available with FL HFA first mortgage loans
Georgia Homebuyer Assistance Programs
Interested? Get more help, learn details, find participating lenders
Visit
Georgia
website
Qualification info Homebuyer classes
Participating lenders Contact for more help
Check current Georgia mortgage rates
Program Name:
Georgia Dream
Type:
Purchase mortgage - FHA, VA or USDA-backed 30-year fixed-rate
Audience:
First-time buyer (3-year rule), or buyer in a target area
Feature:
You may have liquid assets of no more than $20,000 or 20% of the purchase price of the home
Property type:
Single-family homes
Funds needed:
Minimum $1,000 borrower contibution
Income Limits:
Yes, vary by area
Counseling/classes required:
Yes
Purchase price limits:
Currently $200,000 or $250,000, depending upon area
Downpayment assistance:
Yes, many options for down-payment loan assistance, up to $7,500
Credit score:
640
Program Name:
Protectors, Educators and Nurses (PEN) Program
Type:
Second mortgage for down payment and closing costs
Audience:
Public protector (police, fire, etc), educator, health care provider or active military
Feature:
Up to $7,500 available; must be paired with Georgia Dream first mortgage
Property type:
Single-family homes
Funds needed:
Minimum $1,000 borrower contibution
Income Limits:
Yes, vary by area
Counseling/classes required:
Yes
Purchase price limits:
Currently $200,000 or $250,000, depending upon area
Downpayment assistance:
As above
Credit score:
640
Program Name:
Choice Program
Type:
Second mortgage for down payment and closing costs
Audience:
Disabled first-time homebuyer or family with disabled member
Feature:
Up to $7,500 available; must be paired with Georgia Dream first mortgage
Property type:
Single-family homes
Funds needed:
Minimum $1,000 borrower contibution
Income Limits:
Yes, vary by area
Counseling/classes required:
Yes
Purchase price limits:
Currently $200,000 or $250,000, depending upon area
Downpayment assistance:
Yes, this is
Credit score:
640
Program Name:
Standard Second Mortgage Loan
Type:
Second mortgage, 0% interest rate, deferred repayment
Audience:
First-time buyer (3-year rule), or buyer in a target area
Feature:
Must be paired with a Georgia Dream first mortgage
Must be repaid upon sale, refinance, retirement of the first mortgage or owner vacancy
Property type:
Single-family homes
Funds needed:
N/A
Income Limits:
Yes, vary by area
Counseling/classes required:
Yes
Purchase price limits:
Currently $200,000 or $250,000, depending upon area
Downpayment assistance:
Yes
Credit score:
640
Hawaii Homebuyer Assistance Programs
Interested? Get more help, learn details, find participating lenders
Visit
Hawaii
website
Qualification info Homebuyer classes
Participating lenders Contact for more help
Check current Hawaii mortgage rates
Program Name:
Mortgage Credit Certificate
Type:
Federal Tax Credit for Mortgage Interest
Audience:
First-time buyer (3-year rule), qualified veteran, or target area buyer
Feature:
Deduct up to 20% of interest cost annually, no dollar cap, for life of loan
Property must remain buyer's primary residence, or Recapture Tax may apply
Property type:
Single-family homes
Funds needed:
$425 application and processing fee
Income Limits:
Yes, vary by area
Counseling/classes required:
No
Purchase price limits:
Yes, vary by area
Downpayment assistance:
No
Credit score:
Not declared
Notes:
Certificate issued only by select participating lenders
Program Name:
NeighborWorks HHOC Downpayment Assistance Loan (DPAL)
Type:
Second mortgage, 20-due-in-15 balloon piggyback
Audience:
First-time homebuyer (3-year rule)
Feature:
Up to 15% of purchase price, $75,000 max, no mortgage insurance
First mortgage must be originated thru HHOC Mortgage at the same time
Property type:
Owner-occupied single-family home, condominium or townhouse
Funds needed:
5% down payment required from borrower
Income Limits:
Yes, vary by area
Counseling/classes required:
Yes
Purchase price limits:
Yes, vary by area
Downpayment assistance:
As above
Credit score:
Not declared
Notes:
http://www.hihomeownership.org/
Iowa Homebuyer Assistance Programs
Interested? Get more help, learn details, find participating lenders
Visit
Iowa
website
Qualification info Homebuyer classes
Participating lenders Contact for more help
Check current Iowa mortgage rates
Program Name:
FirstHome / FirstHome Plus
Type:
Purchase mortgage, FHA, VA, USDA or Conventional 25 or 30-year fixed rate
Audience:
First-time buyer (3-year rule), qualified veteran, or target area buyer
Feature:
Conventional loan has 3% down payment and no mortgage insurance premiums
Optional Plus grant is up to $2,500 for down-payment and closing costs (no repay)
Property type:
Single-family homes
Funds needed:
Not declared
Income Limits:
Yes, vary by area
Counseling/classes required:
May be required for Conventional loan
Purchase price limits:
Currently $271,000
Downpayment assistance:
Yes, available with the Plus Program ($2,500 grant)
Credit score:
640
Notes:
Plus grant has no lien, but may increase interest rate
Program Name:
Homes for Iowans / Homes for Iowans Plus
Type:
Purchase mortgage, Conventional, FHA, VA, USDA-backed 25 or 30-year fixed rate
Audience:
First-time and repeat homebuyers
Feature:
Optional Plus grant is up to $2,500 for down-payment and closing costs (no repay)
Property type:
Single-family homes
Funds needed:
Not declared
Income Limits:
Currently $121,800
Counseling/classes required:
No
Purchase price limits:
Currently $331,000
Downpayment assistance:
Yes, available with the Plus Program ($2,500 grant)
Credit score:
640
Program Name:
Military Homeownership Assistance Program
Type:
$5,000 grant for down payment and closing costs on a qualifying home purchase
Audience:
Eligible service members and veterans
Feature:
Grant may be combined with Plus grant for a total of $7,500 of down payment and closing cost assistance
Property type:
Owner-occupied single-family, townhouse, condo, mfd home, multi-family (up to 4 units)
Funds needed:
Not declared
Income Limits:
Not declared
Counseling/classes required:
No
Purchase price limits:
Not declared
Downpayment assistance:
Yes
Credit score:
Not declared
Program Name:
Mortgage Credit Certificate
Type:
Federal Tax Credit for Mortgage Interest
Audience:
First-time buyer (3-year rule), qualified veteran, or target area buyer
Feature:
Deduct up to 50% of interest cost, capped at $2,000 annually, for life of loan
Property must remain buyer's primary residence, or Recapture Tax may apply
Property type:
Single-family homes
Funds needed:
$500 fee, waived if borrower uses an IFA mortgage product
Income Limits:
Yes, vary by area
Counseling/classes required:
No
Purchase price limits:
Yes, vary by area
Downpayment assistance:
No
Credit score:
Not declared
Notes:
Not available for use with FirstHome program
Idaho Homebuyer Assistance Programs
Interested? Get more help, learn details, find participating lenders
Visit
Idaho
website
Qualification info Homebuyer classes
Participating lenders Contact for more help
Check current Idaho mortgage rates
Program Name:
First Loan Program
Type:
Purchase mortgage - FHA, VA or USDA-backed 30-year fixed-rate
Audience:
First-time and repeat homebuyers
Feature:
Property type:
Single-family, Townhouses, Condos and Manufactured Housing
Funds needed:
Not declared
Income Limits:
Yes, vary by area
Counseling/classes required:
Yes
Purchase price limits:
Yes, vary by area
Downpayment assistance:
Yes, Second Mortgage or Forgiveable Grant available
Credit score:
640
Notes:
MCC cannot be used with this program
Program Name:
Conventional Loan Program
Type:
Purchase mortgage, 30-year fixed rate
Audience:
First-time and repeat homebuyers
Feature:
Lower mortgage insurance costs
Freddie Mac / Fannie Mae backed program
Property type:
Single-family, Townhouses, Condos and Manufactured Housing
Funds needed:
Not declared
Income Limits:
$110,000 statewide, $120,000 Blaine County
Counseling/classes required:
Yes
Purchase price limits:
Yes, vary by area
Downpayment assistance:
Yes, available with Second Mortgage or Forgiveable Grant
Credit score:
Not declared
Program Name:
Second Mortgage
Type:
Second mortgage for down payment and closing costs
Audience:
First-time and repeat homebuyers
Feature:
Fixed rate of 5% over 10 years with low monthly payments
Available for up to 3.5% of sales price
Property type:
Single-family homes
Funds needed:
Borrower must contribute a minimum 0.5% of the purchase price
Income Limits:
May apply up to $110,000
Counseling/classes required:
Yes
Purchase price limits:
Yes, vary by area
Downpayment assistance:
Yes
Credit score:
640 when combined with First Loan, 680 for other loan programs
Program Name:
Forgivable Grant
Type:
7 year grant for down-payment and closing cost assistance
Audience:
First-time and repeat homebuyers, homeowners
Feature:
A maximum of 3.5% of the sales price is forgivable over seven years
This program can be used with refinance loans
Property type:
Owner-occupied single-family homes
Funds needed:
Borrower must contribute a minimum 0.5% of the purchase price
Income Limits:
Not declared
Counseling/classes required:
Required if both borrowers are first?time homebuyers, only 1 certificate required
Purchase price limits:
Yes, vary by area
Downpayment assistance:
Yes
Credit score:
Not declared
Program Name:
Mortgage Credit Certificate
Type:
Federal Tax Credit for Mortgage Interest
Audience:
First-time buyer (3-year rule), or buyer in a target area
Feature:
Deduct up to 35% of interest costs, capped at $2,000 annually, for life of loan
Property must remain buyer's primary residence, or Recapture Tax may apply
Property type:
Owner-occupied single-family homes
Funds needed:
$300 processing fee
Income Limits:
Yes, vary by area
Counseling/classes required:
No
Purchase price limits:
Yes, vary by area
Downpayment assistance:
No
Credit score:
Not declared
Notes:
Eligible with all Idaho Housing purchase loan products, except for First Loan products
Illinois Homebuyer Assistance Programs
Interested? Get more help, learn details, find participating lenders
Visit
Illinois
website
Qualification info Homebuyer classes
Participating lenders Contact for more help
Check current Illinois mortgage rates
Program Name:
1stHomeIllinois
Type:
30-year FHA, VA, USDA or FNMA HFA fixed rate loan and $7,500 down payment assistance grant
Audience:
First-time homebuyer (3-year rule), qualified veteran
Feature:
Up to $7,500 for down payment and closing costs
Property type:
Existing 1 or 2-unit residential dwelling, owner-occupied
Funds needed:
$1,000 or 1 percent of the purchase price, whichever is greater
Income Limits:
Yes, vary by area
Counseling/classes required:
Yes
Purchase price limits:
Yes, vary by area
Downpayment assistance:
Yes, included
Credit score:
Not declared
Notes:
Limited to Cook, Marion, St. Clair, or Winnebago counties ONLY (as of 1/1/2019)
Program Name:
IHDA Access Forgivable
Type:
30-year fixed rate FHA, VA, USDA or FNMA purchase mortgage with 10-yr grant
Audience:
First-time and repeat homebuyers
Feature:
Grant for down-pymt and closing costs is 4% of the purchase price up to $6,000
Grant is forgiven after 10 years
Property type:
Both new construction and existing homes are eligible, owner-occupied
Funds needed:
$1,000 or 1 percent of the purchase price, whichever is greater
Income Limits:
Yes, vary by area
Counseling/classes required:
Yes
Purchase price limits:
Yes, vary by area
Downpayment assistance:
Yes, included
Credit score:
640
Program Name:
IDHA Access Deferred
Type:
30-year fixed rate FHA, VA, USDA or FNMA purchase mortgage with 30-yr second
Audience:
First-time and repeat homebuyers
Feature:
Second down-payment loan is 5% of the purchase price up to $7,500
0% interest, 30-year second mortgage with no payments
Property type:
Both new construction and existing homes are eligible, owner-occupied
Funds needed:
$1,000 or 1 percent of the purchase price, whichever is greater
Income Limits:
Yes, vary by area
Counseling/classes required:
Yes
Purchase price limits:
Yes, vary by area
Downpayment assistance:
Yes, included
Credit score:
640
Notes:
All IL counties are eligible; Must be repaid upon sale, refinance or retire 1st mortgage
Program Name:
IDHA Access Repayable
Type:
30-year fixed rate FHA, VA, USDA or FNMA purchase mortgage with 10-yr second
Audience:
First-time and repeat homebuyers
Feature:
Up to 10% of purchase price, capped at $10,000
0% interest, 10-year second mortgage repaid monthly
Property type:
Both new construction and existing homes are eligible, owner-occupied
Funds needed:
$1,000 or 1 percent of the purchase price, whichever is greater
Income Limits:
Yes, vary by area
Counseling/classes required:
Yes
Purchase price limits:
Yes, vary by area
Downpayment assistance:
Yes, included
Credit score:
640
Notes:
All IL counties are eligible
Program Name:
IDHA Mortgage Credit Certificate
Type:
Federal Tax Credit for Mortgage Interest
Audience:
First-time buyer (3-year rule), qualified veteran, or target area buyer
Feature:
Deduct up to 25% of interest cost, capped at $2,000 annually, for life of loan
Property must remain buyer's primary residence for 9 yrs, or Recapture Tax may apply
Property type:
Single-family homes, condo, townhouse, 1-2 units properties
Funds needed:
$500 in fees
Income Limits:
Yes, vary by area
Counseling/classes required:
Yes
Purchase price limits:
Yes, vary by area
Downpayment assistance:
N/A
Credit score:
640
Indiana Homebuyer Assistance Programs
Interested? Get more help, learn details, find participating lenders
Visit
Indiana
website
Qualification info Homebuyer classes
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Program Name:
Affordable Home
Type:
Purchase mortgage, FHA 30-year fixed rate
Audience:
First-time buyer (3-year rule), or buyer in a target area
Feature:
Property type:
Owner-occupied single-family, townhouse, condo, PUDs, multi-family (up to 4 units)
Funds needed:
$100 reservation fee
Income Limits:
Yes, vary by area
Counseling/classes required:
Yes
Purchase price limits:
Yes, vary by area
Downpayment assistance:
None
Credit score:
660
Notes:
Manufactured homes are not allowed under this program
Program Name:
My Home
Type:
Purchase mortgage, conventional 30-year fixed rate
Audience:
First-time and repeat homebuyers
Feature:
Property type:
Owner-occupied single-family, townhouse, condo, PUDs, multi-family (up to 4 units)
Funds needed:
$100 reservation fee
Income Limits:
Yes, vary by area
Counseling/classes required:
Yes
Purchase price limits:
Yes, vary by area
Downpayment assistance:
None
Credit score:
640 with less than 5% down
Notes:
Manufactured homes are not allowed under this program
Program Name:
My Home with MCC
Type:
Purchase mortgage, conventional 30-year fixed rate
Audience:
First-time buyer (3-year rule), or buyer in a target area
Feature:
Attached Mortgage Credit Certificate reduces taxes and monthly costs
Property type:
Owner-occupied single-family, townhouse, condo, PUDs, multi-family (up to 4 units)
Funds needed:
$100 reservation fee
Income Limits:
Yes, vary by area
Counseling/classes required:
Yes
Purchase price limits:
Yes, vary by area
Downpayment assistance:
None
Credit score:
640 with less than 5% down
Notes:
Manufactured homes are not allowed under this program
Program Name:
Next Home
Type:
Conventional or FHA 30-yr purchase loan with down-payment assistance 2nd loan
Audience:
First-time and repeat homebuyers
Feature:
2nd DPA loan is to 3.5% of purchase price (FHA), up to 3% (conventional)
2nd loan must be repaid upon sale, refinance, retirement of the first mortgage or owner vacancy
Property type:
Owner-occupied single-family, townhouse, condo, PUDs, multi-family (up to 4 units)
Funds needed:
$100 reservation fee
Income Limits:
Yes, vary by area
Counseling/classes required:
Yes
Purchase price limits:
Yes, vary by area
Downpayment assistance:
Yes, included
Credit score:
660 FHA, 640 conventional
Notes:
Manufactured homes are not allowed under this program
Program Name:
Next Home with MCC
Type:
Conventional or FHA 30-yr purchase loan with down-payment assistance 2nd loan
Audience:
First-time buyer (3-year rule), or buyer in a target area
Feature:
2nd DPA loan is to 3.5% of purchase price (FHA), up to 3% (conventional)
Also includes MCC tax credit
Property type:
Owner-occupied single-family, townhouse, condo, PUDs, multi-family (up to 4 units)
Funds needed:
$100 reservation fee
Income Limits:
Yes, vary by area
Counseling/classes required:
Yes
Purchase price limits:
Yes, vary by area
Downpayment assistance:
Yes, included
Credit score:
660 FHA, 640 conventional
Notes:
Manufactured homes are not allowed under this program
Program Name:
Helping to Own (H2O)
Type:
30-year FHA purchase mortgage with down-payment (DPA) grant
Audience:
First-time buyer (3-year rule), qualified veteran, or target area buyer
Feature:
Down Payment Assistance (DPA) grant of 3.5%, does not have to be re-paid
Property type:
Owner-occupied single-family, townhouse, condo, PUDs, multi-family (up to 4 units)
Funds needed:
$100 reservation fee
Income Limits:
Yes, vary by area
Counseling/classes required:
Yes
Purchase price limits:
Yes, vary by area
Downpayment assistance:
Yes, included
Credit score:
660
Notes:
Manufactured homes are not allowed under this program
Program Name:
Mortgage Credit Certificate
Type:
Federal Tax Credit for Mortgage Interest
Audience:
First-time buyer (3-year rule), qualified veteran, or target area buyer
Feature:
Deduct up to 35% of interest cost, capped at $2,000 annually, for life of loan
Property must remain buyer's primary residence, or Recapture Tax may apply
Property type:
Owner-occupied single-family, townhouse, condo, PUDs, multi-family (up to 4 units)
Funds needed:
$500 processing fee
Income Limits:
Yes, vary by area
Counseling/classes required:
No
Purchase price limits:
Yes, vary by area
Downpayment assistance:
No
Credit score:
N/A
Kansas Homebuyer Assistance Programs
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Program Name:
First Time Homebuyer Program (HOME)
Type:
Purchase mortgage - FHA, VA, USDA or Conventional 30-year fixed-rate
Audience:
First-time and repeat homebuyers
Feature:
Second mortgage, 0% interest rate, 15% - 20% of purchase price, portions forgiven over time
Recapture tax may apply if home is sold within 10 years
Property type:
Owner-occupied single-family, townhouse, condo, mfd home
Funds needed:
Minimum 2% of sale price
Income Limits:
Yes, vary by area
Counseling/classes required:
Not declared
Purchase price limits:
Yes, vary by area
Downpayment assistance:
No
Credit score:
Not declared
Notes:
Not available in the city limits of Topeka, Wichita, Lawrence, Kansas City, nor Johnson County.
Kentucky Homebuyer Assistance Programs
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Program Name:
Secondary Market Funding Source Program
Type:
Purchase mortgage, FHA, VA, USDA or conventional 30-year fixed rate
Audience:
First-time and repeat homebuyers
Feature:
Conventional preferred choice may have no mortgage insurance
Property type:
Owner-occupied single-family, townhouse, condo, mfd home with foundation, PUDs
Funds needed:
0
Income Limits:
Yes, vary by area
Counseling/classes required:
Recommended but not required
Purchase price limits:
$301,294
Downpayment assistance:
Yes, with Regular or Affordable DAP program
Credit score:
Conventional 660; FHA, VA, USDA 620
Program Name:
Regular Downpayment Assistance Program (DAP)
Type:
Second mortgage, 5.5% interest rate, 10-year term
Audience:
First-time and repeat homebuyers
Feature:
Up to $6,000 in funds for downpayment or closing costs
Property type:
Owner-occupied single-family, townhouse, condo, mfd home with foundation, PUDs
Funds needed:
N/A
Income Limits:
Yes, vary by area
Counseling/classes required:
Recommended but not required
Purchase price limits:
$301,294
Downpayment assistance:
Yes, this is
Credit score:
Conventional 660; FHA, VA, USDA 620
Notes:
Regular DAP is available to all KHC first-mortgage loan recipients
Program Name:
Affordable Downpayment Assistance Program (DAP)
Type:
Second mortgage, 1% interest rate, 10-year term
Audience:
First-time and repeat homebuyers
Feature:
Assistance up to $6,000
Property type:
Owner-occupied single-family, townhouse, condo, mfd home with foundation, PUDs
Funds needed:
N/A
Income Limits:
Yes, vary by area
Counseling/classes required:
Recommended but not required
Purchase price limits:
Yes, vary by area
Downpayment assistance:
Yes, this is
Credit score:
Conventional 660; FHA, VA, USDA 620
Program Name:
Mortgage Credit Certificate
Type:
Federal Tax Credit for Mortgage Interest
Audience:
First-time buyer (3-year rule), qualified veteran, or target area buyer
Feature:
Deduct up to 25% of your interest cost, capped at $2,000 annually, for life of loan
Property must remain buyer's primary residence, or Recapture Tax may apply
Property type:
Owner-occupied single-family, townhouse, condo, mfd home with foundation, PUDs
Funds needed:
Not declared
Income Limits:
Yes, vary by area
Counseling/classes required:
No
Purchase price limits:
$271,164
Downpayment assistance:
No
Credit score:
N/A
Louisiana Homebuyer Assistance Programs
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Program Name:
Market Rate GNMA Program
Type:
Purchase mortgage - FHA, VA or USDA-backed 30-year fixed-rate
Audience:
First-time and repeat homebuyers
Feature:
Property type:
Single-family homes (1-unit residence)
Funds needed:
Not declared
Income Limits:
Yes, vary by area
Counseling/classes required:
Recommended but not required
Purchase price limits:
Yes, vary by area
Downpayment assistance:
Yes, up to 4% of purchase price for assistance for down payment, closing costs
Credit score:
640
Program Name:
LHC Preferred Conventional Program
Type:
Purchase mortgage, conventional 30-year fixed rate
Audience:
First-time and repeat homebuyers
Feature:
Up to 4% assistance for down payment and closing costs
Reduced mortgage insurance costs, no origination fees
Property type:
Single-family homes (1 or 2-unit residence)
Funds needed:
Not declared
Income Limits:
$99,000
Counseling/classes required:
Yes
Purchase price limits:
Not declared, but maximum loan amount is $417,000
Downpayment assistance:
Yes; up to 4% of purchase price
Credit score:
640
Program Name:
LHC Choice Conventional Program
Type:
Purchase mortgage, conventional 30-year fixed rate
Audience:
First-time and repeat homebuyers
Feature:
Up to 6% assistance for down payment and closing costs
Reduced mortgage insurance costs, no origination fees
Property type:
Single-family homes (1-unit), approved condos and PUDs
Funds needed:
None
Income Limits:
$99,000
Counseling/classes required:
Yes
Purchase price limits:
Not declared, but maximum loan amount is $424,100
Downpayment assistance:
Yes, up to 6% of purchase price
Credit score:
640
Program Name:
Delta 100 Program
Type:
Purchase mortgage, 30-year with 2% fixed rate
Audience:
First-time buyer (3-year rule), displaced homemaker or single parent
Feature:
Includes up to 3% for closing costs and prepaid items
No down-payment required
Property type:
Single-family home in the Delta Parishes
Funds needed:
1% of purchase price or $1,500, whichever is less (gifts not allowed)
Income Limits:
Yes, vary by area
Counseling/classes required:
Yes
Purchase price limits:
Not declared, but maximum loan amount is $242,000
Downpayment assistance:
Yes, up to 3% for closing costs
Credit score:
Not declared
Notes:
Program available only in the "Delta Parishes"
Program Name:
Mortgage Revenue Bond (MRB) Program
Type:
Second mortgage, 0% interest, 5% to 9% of loan amount, for closing costs and down payment
Audience:
First-time buyer (3-year rule), displaced homemaker or single parent
Feature:
First mortgage must be obtained from an LHC-approved lender
Property type:
Single-family homes
Funds needed:
The lesser of 1% of the sales price or $1,500
Income Limits:
Yes, vary by area
Counseling/classes required:
Yes
Purchase price limits:
Yes, vary by area
Downpayment assistance:
Yes, this is
Credit score:
640
Notes:
Limited funds available for this program
Program Name:
Mortgage Revenue Bond Assisted Program
Type:
Second mortgage that is 4% of the loan amount, for down-payment, closing costs
Audience:
First-time buyer (3-year rule), or buyer in a target area
Feature:
Loan is forgiven
Property type:
Single-family homes
Funds needed:
Not declared
Income Limits:
Yes, vary by area
Counseling/classes required:
Yes
Purchase price limits:
Yes, vary by area
Downpayment assistance:
Yes, this is
Credit score:
640
Notes:
Limited funds available for this program
Program Name:
Mortgage Credit Certificate
Type:
Federal Tax Credit for Mortgage Interest
Audience:
First-time buyer (3-year rule), qualified veteran, or target area buyer
Feature:
Deduct up to 40% of your interest cost, capped at $2,000 annually, for life of loan
Property must remain buyer's primary residence, or Recapture Tax may apply
Property type:
Single-family homes
Funds needed:
Lenders may charge up to a $500 fee
Income Limits:
Yes, vary by area
Counseling/classes required:
N/A
Purchase price limits:
Yes, vary by area
Downpayment assistance:
This MCC can be used in conjunction with a down-payment assistance loan
Credit score:
N/A
Notes:
Limited funds available for this program
Massachusetts Homebuyer Assistance Programs
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Program Name:
MassHousing Mortgage
Type:
Purchase or refinance mortgage, conventional 30-year fixed rate
Audience:
First-time homebuyer (3-year rule)
Feature:
Property type:
Owner-occupied single-family homes, approved condos, PUDs, 2-4 units
Funds needed:
None (exception: 3% for 2-4 unit purchases)
Income Limits:
Yes; vary by area but up to 135% of Area Median Income
Counseling/classes required:
Yes
Purchase price limits:
Vary by area, but maximum loan amount statewide is $484,350
Downpayment assistance:
Yes, available with MassDPA (Down Payment Assistance) Program
Credit score:
640
Notes:
Available reduced MI premiums and up to 6-month job loss payment protection
Program Name:
MassHousing Mortgage 100
Type:
30-year fixed rate purchase loan with a 15-year DPA second loan
Audience:
First-time buyer (3-year rule), or buyer in a target area
Feature:
15-year 1% fixed rate loan is due upon sale or refinance
Eligible borrowers get discounted mortgage insurance with this program
Property type:
Owner-occupied single-family homes, approved condos, PUDs
Funds needed:
None (exception: 3% for 2-4 unit purchases)
Income Limits:
Yes; vary by area, but up to 100% of Area Median Income
Counseling/classes required:
Yes
Purchase price limits:
Vary by area, but max loan amount is currently $484,350 for single-family homes
Downpayment assistance:
Yes, available with MassDPA (Down Payment Assistance) Program
Credit score:
640
Program Name:
Operation Welcome Home
Type:
Purchase mortgage, conventional 30-year fixed rate
Audience:
First-time homebuyer (3-year rule), or veteran or active military
Feature:
Includes up to $2,500 credit, available for down-payment and closing costs
Optional reduced MI premiums and up to 6-month job loss payment protection
Property type:
Owner-occupied single-family homes, approved condos, PUDs, 2-4 units
Funds needed:
Not declared
Income Limits:
Yes, vary by area
Counseling/classes required:
Yes
Purchase price limits:
Yes, vary by area
Downpayment assistance:
Yes, up to $12,000 2nd loan available wihh MassHousing DPA
Credit score:
660
Program Name:
MassHousing Mortgage FHA
Type:
Purchase or refinance mortgage, FHA-backed 30-year fixed rate
Audience:
First-time homebuyer (3-year rule)
Feature:
Property type:
Owner-occupied single-family homes, approved condos, PUDs, 2-4 units
Funds needed:
Per FHA guidelines
Income Limits:
Yes; vary by area but up to 135% of Area Median Income
Counseling/classes required:
Yes
Purchase price limits:
Vary by area, but max loan amount is currently $484,350 for single-family homes
Downpayment assistance:
Not available
Credit score:
640
Program Name:
MassHousing Mortgage FHA 100
Type:
Purchase mortgage, FHA 30-year fixed rate
Audience:
First-time buyer (3-year rule), or buyer in a target area
Feature:
Property type:
Owner-occupied single-family homes, approved condos, PUDs
Funds needed:
Per FHA guidelines
Income Limits:
Yes; vary by area, but up to 100% of Area Median Income
Counseling/classes required:
Yes
Purchase price limits:
Vary by area, but max loan amount is currently $484,350 for single-family homes
Downpayment assistance:
Yes, available with MassDPA (Down Payment Assistance) Program
Credit score:
640
Program Name:
MassHousing DPA
Type:
Second mortgage, 1% interest rate, 15-year term
Audience:
First-time buyer (3-year rule), or buyer in a target area
Feature:
Up to 3% of the purchase price ($12,000 maximum)
Used for downpayment and closing costs
Property type:
Owner-occupied single-family homes, approved condos, PUDs, 2-4 units
Funds needed:
Not declared
Income Limits:
Yes, vary by area
Counseling/classes required:
Yes
Purchase price limits:
Not declared
Downpayment assistance:
N/A
Credit score:
Not declared
Notes:
DPA loan is repayable upon sale or refinance
Maryland Homebuyer Assistance Programs
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Program Name:
Maryland Mortgage Premier
Type:
Purchase mortgage, 30-year fixed rate
Audience:
First-time buyer (3-year rule), qualified veteran, or target area buyer
Feature:
Can be combined with Loan Assist, Grant Assist and other products
Property type:
Owner-occupied single-family homes, duplex, approved condos, permanent mfd homes
Funds needed:
Not declared
Income Limits:
Yes, vary by area
Counseling/classes required:
Yes
Purchase price limits:
Not declared, but max loan amount is $484,350 (exceptions apply)
Downpayment assistance:
Yes, with 0% interest deferred 2nd mtg for down payment and loan closing costs up to $5,000
Credit score:
Not declared
Notes:
Can also be combined with Partner Match and Smart Keys 4 Employees programs
Program Name:
MMP 1st Time Advantage
Type:
Purchase mortgage, 30-year fixed rate
Audience:
First-time buyer (3-year rule), qualified veteran, or target area buyer
Feature:
Property type:
Owner-occupied single-family homes, duplex, approved condos, permanent mfd homes
Funds needed:
No minimum borrower contribution; assets cannot exceed 20% of purchase price
Income Limits:
Yes, vary by area
Counseling/classes required:
Yes
Purchase price limits:
Yes, vary by area
Downpayment assistance:
Yes, with 0% interest deferred 2nd mtg for down payment and loan closing costs up to $5,000
Credit score:
Not declared
Notes:
Can be combined with Partner Match and Smart Keys 4 Employees programs
Program Name:
Maryland Mortgage Preferred Rate
Type:
30-year Purchase mortgage with lower interest rate
Audience:
First-time buyer (3-year rule), qualified veteran, or target area buyer
Feature:
Lowest interest rate of all Maryland programs
Cannot be combined with downpayment assistance or Partner Match programs
Property type:
Owner-occupied single-family homes, duplex, approved condos, permanent mfd homes
Funds needed:
Not declared
Income Limits:
Yes, vary by area
Counseling/classes required:
Yes
Purchase price limits:
Yes, vary by area
Downpayment assistance:
Not available
Credit score:
Not declared
Notes:
MCC (Mortgage Credit Certificate) is available with this loan product
Program Name:
MMP 1st Time Advantage with 3% Assistance
Type:
30-year Purchase mortgage with a 30-year deferred-pymt closing cost assistance loan
Audience:
First-time buyer (3-year rule), qualified veteran, or target area buyer
Feature:
2nd loan is 0% interest, 30 year deferred loan, maximum of 3% of the MMP loan amount
Property type:
Owner-occupied single-family homes, duplex, approved condos, permanent mfd homes
Funds needed:
No minimum borrower contribution; assets cannot exceed 20% of purchase price
Income Limits:
Yes, vary by area
Counseling/classes required:
Yes
Purchase price limits:
Yes, vary by area
Downpayment assistance:
Yes
Credit score:
Not declared
Notes:
Can be combined with Partner Match and Smart Keys 4 Employees programs
Program Name:
HomeAbility
Type:
30-year conventional purchase mortgage with 30-year deferred 2nd mortgage
Audience:
Qualifying disabled borrower or caregiver for immediate family member who is disabled
Feature:
2nd mortgage is 0% interest with payments deferred for the life of the 1st lien
2nd mortgage can be up to 25% of purchase price, for down-payment and closing costs
Property type:
Owner-occupied single-family homes, duplex, approved condos, permanent mfd homes
Funds needed:
Not declared
Income Limits:
Yes, vary by area
Counseling/classes required:
Yes
Purchase price limits:
Yes, vary by area
Downpayment assistance:
Yes, included
Credit score:
Not declared
Notes:
2nd lien is payable upon sale, refinance, or transfer of the home
Program Name:
Maryland Mortgage Loan Assist - Premier
Type:
0% interest deferred 2nd mortgage for down payment and loan closing costs up to $5,000
Audience:
First-time buyer (3-year rule), qualified veteran, or target area buyer
Feature:
No repayments are required on this second loan through the life of the loan
Property type:
Owner-occupied single-family homes, duplex, approved condos, permanent mfd homes
Funds needed:
No minimum borrower contribution; assets cannot exceed 20% of purchase price
Income Limits:
Yes, vary by area
Counseling/classes required:
Yes
Purchase price limits:
Yes, vary by area
Downpayment assistance:
Yes
Credit score:
Not declared
Notes:
Can be combined with Partner Match and Smart Keys 4 Employees programs
Program Name:
Maryland 4% Grant Assist
Type:
No-repayment grant for up to 4% of the MMP first lien amount
Audience:
First-time buyer (3-year rule), qualified veteran, or target area buyer
Feature:
Grant is for downpayment and closing costs, any excess funds go to principal
Property type:
Owner-occupied single-family homes, duplex, approved condos, permanent mfd homes
Funds needed:
Minimum down-payment required
Income Limits:
Yes, vary by area
Counseling/classes required:
Yes
Purchase price limits:
Yes, vary by area
Downpayment assistance:
Yes, this is
Credit score:
Not declared
Notes:
Grant cannot be combined with downpayment assistance or Partner Match programs
Maine Homebuyer Assistance Programs
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Check current Maine mortgage rates
Program Name:
First Home Loan Program
Type:
Purchase mortgage - FHA, VA or USDA-backed 30-year fixed-rate
Audience:
First-time homebuyer (3-year rule), qualified veteran
Feature:
Options for low-interest, low or no down payment, down-pymt assistance
Property type:
Single-family homes, approved condos and mobile homes
Funds needed:
Not declared
Income Limits:
Yes, vary by area
Counseling/classes required:
Yes
Purchase price limits:
Yes, vary by area
Downpayment assistance:
Yes, available with Advantage program
Credit score:
640
Notes:
Home improvements up to $35,000 can also be financed into loan (Purchase Plus program)
Program Name:
Salute ME / Salute Home Again
Type:
Purchase mortgage - FHA, VA or USDA-backed 30-year fixed-rate
Audience:
Veterans/active military, first-time and repeat homebuyers
Feature:
0.25% interest rate reduction
The $3,500 Advantage towards down payment and closing costs is included with the rate
Property type:
Single-family homes, approved condos and mobile homes
Funds needed:
Not declared
Income Limits:
Yes, vary by area
Counseling/classes required:
Class is required for the optional $3,500 Advantage Program only
Purchase price limits:
Yes, vary by area
Downpayment assistance:
Yes, available with the Advantage Program
Credit score:
640
Notes:
Home improvements up to $35,000 can also be financed into loan - see Purchase Plus below
Program Name:
Advantage Assistance Program
Type:
$3,500 grant toward downpayment and closing costs (no repayment)
Audience:
Borrowers with an MH First Home, Salute ME or Mobile Home Self-Insured loans
Feature:
Property type:
Single-family homes, approved condos and mobile homes
Funds needed:
1% borrower contribution (can be a gift, and can include cost of the class)
Income Limits:
Yes, vary by area
Counseling/classes required:
Yes
Purchase price limits:
Yes, vary by area
Downpayment assistance:
Yes, this is
Credit score:
640
Notes:
No cash back allowed at closing; excess assistance must be applied as a principal reduction
Program Name:
Mobile Home Self-Insured (MHSI)
Type:
Purchase mortgage, 30-year fixed rate
Audience:
First-time homebuyer (3-year rule), qualified veteran, current mobilehome owner
Feature:
Options available for down-payment assistance, closing costs and improvements
Property type:
Permanently attached single and double-wide mobile homes < 20 years old
Funds needed:
Not declared
Income Limits:
Yes, vary by area
Counseling/classes required:
Yes
Purchase price limits:
$150,000 statewide maximum
Downpayment assistance:
Yes, available with Advantage program
Credit score:
640
Notes:
Home improvements up to $35,000 can also be financed into loan (Purchase Plus program)
Program Name:
Purchase Plus Improvement Program
Type:
Home Improvement add-on to 1st mortgage
Audience:
First-time homebuyer (3-year rule), qualified veteran
Feature:
$500 to $35,000 added to loan amount for improving the home
Subject to purchase price limits
Property type:
Single-family homes, approved condos and mobile homes
Funds needed:
Maximum $375
Income Limits:
Yes, vary by area
Counseling/classes required:
No
Purchase price limits:
Yes, vary by area
Downpayment assistance:
N/A
Credit score:
640
Michigan Homebuyer Assistance Programs
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Michigan
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Check current Michigan mortgage rates
Program Name:
MI Home Loan
Type:
Purchase mortgage, FHA, VA, USDA or conventional 30-year fixed rate
Audience:
First-time buyer (3-year rule), or buyer in a target area
Feature:
Can combine with DPA second loan, up to $7,500
Property type:
Owner-occupied single-family homes, approved condos, some mfd homes
Funds needed:
Not declared, borrowers cannot have more than $10,000 in assets
Income Limits:
Yes, vary by area
Counseling/classes required:
Yes
Purchase price limits:
$224,500
Downpayment assistance:
Yes, with a DPA second loan
Credit score:
640 (660 for manufactured housing)
Program Name:
MI Home Loan Flex
Type:
Purchase mortgage, FHA, VA, USDA or conventional 30-year fixed rate
Audience:
First-time and repeat homebuyers
Feature:
Combine with DPA second loan for down payment and closing costs
DPA loan is a maximum of 4% of purchase price, up to $7,500
Property type:
Owner-occupied single-family homes, approved condos
Funds needed:
Not declared; borrowers cannot have more than $10,000 in assets
Income Limits:
Yes, vary by area
Counseling/classes required:
Yes
Purchase price limits:
$224,500
Downpayment assistance:
Yes, with a DPA second loan
Credit score:
660
Program Name:
Down Payment Assistance (DPA) Program
Type:
Second loan, up to $7,500 for down payment and closing costs
Audience:
First-time buyer (3-year rule), or buyer in a target area
Feature:
0% interest rate, no monthly payments, five-year term, forgiven 20% per year
Lien is discharged after the 5th year if still owned and occupied as primary residence
Property type:
Owner-occupied single-family homes, approved condos, some mfd homes
Funds needed:
Not declared
Income Limits:
Yes, vary by area
Counseling/classes required:
Yes
Purchase price limits:
$224,500
Downpayment assistance:
Yes, this is
Credit score:
640 (660 for manufactured homes)
Program Name:
Step Forward Down Payment Assistance (DPA) Program
Type:
Second loan, up to $15,000 for down payment and closing costs
Audience:
First-time buyer (3-year rule), or buyer in a target area
Feature:
0% interest rate, no monthly payments, five-year term, forgiven 20% per year
Lien is discharged after the 5th year if still owned and occupied as primary residence
Property type:
Owner-occupied single-family homes, approved condos, some mfd homes
Funds needed:
Not declared
Income Limits:
Yes, vary by area
Counseling/classes required:
Yes
Purchase price limits:
$224,500
Downpayment assistance:
Yes, this is
Credit score:
640 (660 for manufactured homes)
Notes:
This program is available only in 61 zip codes in 10 Michigan counties
Program Name:
Mortgage Credit Certificate
Type:
Federal Tax Credit for Mortgage Interest
Audience:
First-time buyer (3-year rule), qualified veteran, or target area buyer
Feature:
Deduct up to 20% of your interest cost, no annual cap, for life of loan
Property must remain buyer's primary residence, or Recapture Tax may apply
Property type:
Owner-occupied single-family homes, approved condos, some mfd homes
Funds needed:
$400 fee (Lender may also charge $100 fee)
Income Limits:
Yes, vary by area
Counseling/classes required:
Yes
Purchase price limits:
$224,500
Downpayment assistance:
N/A
Credit score:
N/A
Minnesota Homebuyer Assistance Programs
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Minnesota
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Check current Minnesota mortgage rates
Program Name:
Start Up Program
Type:
Purchase mortgage, FHA, VA, USDA or conventional 30-year fixed rate
Audience:
First-time homebuyer (3-year rule)
Feature:
Reduced mortgage insurance costs
Property type:
Single-family homes, approved condos
Funds needed:
Not declared
Income Limits:
Yes, vary by area
Counseling/classes required:
Yes
Purchase price limits:
Yes, vary by area
Downpayment assistance:
Yes, options for Deferred or Monthly Down Payment Loan
Credit score:
640
Program Name:
Step Up Program
Type:
Purchase or refinance mortgage
Audience:
Repeat homebuyers, homeowners
Feature:
FHA-, VA-, USDA-backed or conventional 15 or 30-year fixed rate
Property type:
Single-family homes, approved condos
Funds needed:
Lesser of $1,000 or 1% of purchase price
Income Limits:
Yes, vary by area
Counseling/classes required:
Yes
Purchase price limits:
Yes, vary by area
Downpayment assistance:
Yes, available Monthly Downpayment Loan
Credit score:
640
Program Name:
Deferred Payment Downpayment Loan
Type:
Second mortgage, 0% interest rate, deferred repayment
Audience:
First-time homebuyer (3-year rule)
Feature:
Proceeds apply to down payment or closing costs
Up to $8,000; or up to $10,000 in Plus program when target criteria is met
Property type:
Single-family homes, approved condos
Funds needed:
Lesser of $1,000 or 1% of purchase price; can have no more than $8,000 in residual assets
Income Limits:
Yes, vary by area
Counseling/classes required:
Yes
Purchase price limits:
Yes, vary by area
Downpayment assistance:
Yes, this is
Credit score:
640
Notes:
Second mortgage paid off when home is sold or loan refinanced
Program Name:
Monthly Payment Downpayment Loan
Type:
Second mortgage, 10-year term, fully amortizing
Audience:
First-time homebuyer (3-year rule)
Feature:
Up to $15,000 for downpayment and closing costs
Interest rate is equal to your first mortgage rate
Property type:
Single-family homes, approved condos
Funds needed:
Lesser of $1,000 or 1% of purchase price
Income Limits:
Yes, vary by area
Counseling/classes required:
Yes
Purchase price limits:
Yes, vary by area
Downpayment assistance:
Yes
Credit score:
640
Notes:
Only available when you get a Minnesota Housing first mortgage loan
Missouri Homebuyer Assistance Programs
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Missouri
website
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Check current Missouri mortgage rates
Program Name:
First Place Loan Program
Type:
Purchase mortgage - FHA, VA, USDA or Conventional 30-year fixed-rate
Audience:
First-time buyer (3-year rule), qualified veteran, or target area buyer
Feature:
Optional cash assistance loan for down payment and closing costs, 4% of first mtg
Property type:
Owner-occupied single-family home, condo, duplex, townhouse, PUDs, some mfd housing
Funds needed:
Not declared
Income Limits:
Yes, vary by area
Counseling/classes required:
Not declared
Purchase price limits:
For single family: $271,164 in non-target areas, $331,243 in target areas
Downpayment assistance:
Yes, available with cash assistance 10 year loan
Credit score:
Not declared
Notes:
Incomes from all age-18+ adults living in the home considered in qualfying
Program Name:
First Place Cash Assistance Loan
Type:
Second mortgage, 10-year term, used for downpayment and closing costs
Audience:
First-time buyer (3-year rule), qualified veteran, or target area buyer
Feature:
Up to 4% of the purchase price, forgiven a 1/60th per month after 5 years
Wholly forgiven after 10 years
Property type:
Owner-occupied single-family home, condo, duplex, townhouse, PUDs, some mfd housing
Funds needed:
Not declared
Income Limits:
Yes, vary by area
Counseling/classes required:
Not declared
Purchase price limits:
For single family: $271,164 in non-target areas, $331,243 in target areas
Downpayment assistance:
Yes, this is
Credit score:
620
Notes:
Incomes from all 18+ adults living in the home considered in qualfying
Program Name:
Next Step Program
Type:
Purchase mortgage - FHA, VA, USDA or Conventional 30-year fixed-rate
Audience:
Applicants meeting income, credit score and purchase price limits
Feature:
Interest rates will be lower for persons buying in opportunity areas
Property type:
Owner-occupied single-family home, condo, duplex, townhouse, PUDs, some mfd housing
Funds needed:
Not declared
Income Limits:
Yes, vary by area
Counseling/classes required:
Not declared
Purchase price limits:
$331,243
Downpayment assistance:
Yes, available with Cash Assistance Loan
Credit score:
620
Notes:
Mortgage Credit Certificate (MCC) is available with the Next Step Program
Program Name:
Mortgage Credit Certificate (MCC)
Type:
Federal Tax Credit for Mortgage Interest
Audience:
First-time buyer (3-year rule), qualified veteran, or target area buyer
Feature:
Deduct up to 45% of interest cost, capped at $2,000 annually, for life of loan
Property must remain buyer's primary residence, or Recapture Tax may apply
Property type:
Owner-occupied single-family home, condo, duplex, townhouse, PUDs, some mfd housing
Funds needed:
MCC issuance fee of 1% of the loan amount
Income Limits:
Yes, vary by area
Counseling/classes required:
Not declared
Purchase price limits:
Yes, vary by area
Downpayment assistance:
N/A
Credit score:
Not declared
Mississippi Homebuyer Assistance Programs
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Mississippi
website
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Check current Mississippi mortgage rates
Program Name:
Mortgage Credit Certificate
Type:
Federal Tax Credit for Mortgage Interest
Audience:
First-time buyer (3-year rule), or buyer in a target area
Feature:
Deduct up to 40% of interest cost, capped at $2,000 annually, for life of loan
Property must remain buyer's primary residence, or Recapture Tax may apply
Property type:
Single-family home, condo, townhouse, PUDs, some mfd housing
Funds needed:
$300 reservation fee
Income Limits:
Yes, vary by area
Counseling/classes required:
Yes
Purchase price limits:
N/A
Downpayment assistance:
N/A
Credit score:
Not declared
Program Name:
Smart Solution
Type:
Purchase mortgage - FHA, VA, USDA or Conventional 30-year fixed-rate
Audience:
First-time homebuyer (3-year rule)
Feature:
Optional Smart Solution Second, 10-year second loan for down payment and closing costs
Property type:
Single-family home, condo, townhouse, duplex, some manufactured housing
Funds needed:
Not declared
Income Limits:
$95,000
Counseling/classes required:
Yes
Purchase price limits:
Not declared, but max loan amount is currently $484,350 for single-family homes
Downpayment assistance:
Yes, available with Smart Solution Second
Credit score:
620
Program Name:
Smart Solution Second
Type:
Second mortgage, 10 year term
Audience:
First-time homebuyer (3-year rule)
Feature:
3.5% of purchase price for down payment and closing costs
Same interest rate as first mortgage
Property type:
Single-family home, condo, townhouse, duplex, some manufactured housing
Funds needed:
Not declared
Income Limits:
$95,000
Counseling/classes required:
Yes
Purchase price limits:
Not declared, but max loan amount is currently $484,350 for single-family homes
Downpayment assistance:
Yes
Credit score:
620
Program Name:
Mortgage Revenue Bond Program (MRB7)
Type:
30 year Purchase mortgage with $7,000 deferred 10 year second mortgage
Audience:
First-time buyer (3-year rule), qualified veteran, or target area buyer
Feature:
$7,000 deferred 10-year second with 0% interest (forgiveable after 10 yrs)
Property type:
Single-family home, condo, townhouse, some manufactured housing
Funds needed:
Not declared
Income Limits:
Yes, vary by area
Counseling/classes required:
Yes
Purchase price limits:
Target area: $289,705; Non-target area: $237,031
Downpayment assistance:
Included in this program
Credit score:
Not declared
Program Name:
Housing Assistance for Teachers (HAT) program
Type:
Purchase mortgage, conventional 25 or 30-year fixed rate
Audience:
Teachers who want to buy a home
Feature:
Up to $6,000 for downpayment and closing costs
Borrower must agree to 3-year employment term in rural "critical needs" district
Property type:
Single-family home, condo, townhouse, PUDs
Funds needed:
1% borrower contribution, plus one month's reserves
Income Limits:
None
Counseling/classes required:
Yes
Purchase price limits:
Not declared
Downpayment assistance:
Yes, included
Credit score:
Not declared
Notes:
Property must be located within a county designated by the MS Department of Education
Montana Homebuyer Assistance Programs
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Montana
website
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Check current Montana mortgage rates
Program Name:
80% Combined Program
Type:
80% Purchase mortgage - FHA, VA or USDA-backed 30-year fixed-rate
Audience:
First-time buyer (3-year rule), qualified veteran, or target area buyer
Feature:
20% Second mortgage, 30 year, down-payment assistance
No mortgage insurance required
Property type:
Owner-occupied single-family, townhouse, condo, qualifying mfd home
Funds needed:
Borrower contribution of 1% of the purchase price (minimum $1,000)
Income Limits:
Yes, vary by area
Counseling/classes required:
Yes
Purchase price limits:
Yes, vary by area
Downpayment assistance:
Yes, included
Credit score:
640
Notes:
Prior mobile home owners are also eligible
Program Name:
Regular Bond Loan Program
Type:
Purchase mortgage - FHA, VA or USDA-backed 30-year fixed-rate
Audience:
First-time buyer (3-year rule), qualified veteran, or target area buyer
Feature:
MT pays 1% of the origination fee to the lender
Cannot be combined with MCC (Mortgage Credit Certificate)
Property type:
Owner-occupied single-family, townhouse, condo, qualifying mfd home
Funds needed:
Not declared
Income Limits:
Yes, vary by area
Counseling/classes required:
Yes, with FICO below 680 or high debt loads
Purchase price limits:
Yes, vary by area
Downpayment assistance:
Score Advantage or MBOH Plus as below
Credit score:
Not declared
Notes:
Prior mobile home owners are also eligible
Program Name:
Setaside Program
Type:
Purchase mortgage - FHA, VA or USDA-backed 30-year fixed-rate
Audience:
First-time buyer (3-year rule), qualified veteran, or target area buyer
Feature:
MT pays 1% of the origination fee to the lender
Property type:
Owner-occupied single-family, townhouse, condo, qualifying mfd home
Funds needed:
Borrower contribution of 1% of the purchase price (minimum $1,000)
Income Limits:
Yes, vary by area
Counseling/classes required:
Yes, with FICO below 680 or high debt loads
Purchase price limits:
Yes, vary by area
Downpayment assistance:
Yes, from sources approved by MH governing board
Credit score:
Not declared
Program Name:
Montana Veterans Home Loan Program
Type:
FHA, VA or HUD-184 backed 30-year fixed-rate mortgage
Audience:
First-time buyer (3-year rule), or qualifying veterans and spouses
Feature:
Fixed rate is 1% lower than market interest rate
Property type:
Single-family homes, manufactured homes with foundations, no condos
Funds needed:
Minimum $2,500 borrower investment
Income Limits:
None
Counseling/classes required:
Yes
Purchase price limits:
None, but maximum loan amount $257,607
Downpayment assistance:
Score Advantage or MBOH Plus as below
Credit score:
Not declared
Program Name:
Score Advantage Down Payment Assistance Program
Type:
Second mortgage, 15-year term
Audience:
First-time buyer (3-year rule), or buyer in a target area
Feature:
Up to 5% of the purchase price (minimum $1,500; maximum $6,500)
Same interest rate as first mortgage
Property type:
Single-family homes, approved condos, townhomes, eligible manufactured housing
Funds needed:
Minimum $1,000 borrower contribution
Income Limits:
Yes, vary by area
Counseling/classes required:
Yes
Purchase price limits:
Yes, vary by area
Downpayment assistance:
Yes
Credit score:
620
Program Name:
MBOH Plus 0% Deferred Down Payment Assistance Program
Type:
Second mortgage, 0% interest rate, deferred repayment
Audience:
First-time buyer (3-year rule), or buyer in a target area
Feature:
Up to 5% of the purchase price (minimum $1,500; maximum $6,500)
Due in full upon Sale, transfer of property or refinance of 1st mortgage
Property type:
Single-family homes, approved condos, townhomes, eligible manufactured housing
Funds needed:
Minimum $1,000 borrower contribution; $100 application fee
Income Limits:
Yes, vary by area
Counseling/classes required:
Yes
Purchase price limits:
Yes, vary by area
Downpayment assistance:
Yes
Credit score:
620
Program Name:
Board of Investments (BOI) Residential Mortgages
Type:
Purchase or refinance mortgage with 15, 20, 30-year term loan options
Audience:
First-time and repeat homebuyers
Feature:
Property type:
Owner-occupied, 1-4 units, must be in residential neighborhood
Funds needed:
Not declared
Income Limits:
None
Counseling/classes required:
Not declared
Purchase price limits:
Not declared
Downpayment assistance:
Not declared
Credit score:
Not declared
Notes:
Funded by state’s Coal Tax Trust Fund
Program Name:
Habitat for Humanity Loan
Type:
80% Purchase mortgage; 30 year, low fixed rate of 2%, fully amortized loan
Audience:
First-time buyer (3-year rule), or buyer in a target area
Feature:
20% of appraised value at 0% interest rate in Habitat Funds second mortgage
Property type:
Single-family homes
Funds needed:
Not declared
Income Limits:
Yes, vary by area
Counseling/classes required:
Yes
Purchase price limits:
Yes, vary by area
Downpayment assistance:
Not declared
Credit score:
Not declared
Notes:
Recapture tax provisions do not apply
Program Name:
Mortgage Credit Certificate
Type:
Federal Tax Credit for Mortgage Interest
Audience:
First-time buyer (3-year rule), or buyer in a target area
Feature:
Deduct up to 20% of your interest cost, capped at $2,000 annually, for life of loan
Property must remain buyer's primary residence, or Recapture Tax may apply
Property type:
Single-family homes, approved condos, townhomes, eligible manufactured housing
Funds needed:
$750 application fee
Income Limits:
Yes, vary by area
Counseling/classes required:
Yes
Purchase price limits:
Yes, vary by area
Downpayment assistance:
N/A
Credit score:
Not declared
Notes:
Cannot be used with any MBOH programs
North Carolina Homebuyer Assistance Programs
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North Carolina
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Check current North Carolina mortgage rates
Program Name:
NC Home Advantage Mortgage program
Type:
Purchase mortgage 30-year fixed rate with 15-year downpayment assistance second
Audience:
First-time and repeat homebuyers
Feature:
Downpayment assistance of up to 5% of loan amount as 15-year second mortgage
DPA has 0% interest rate, no payments, is forgiven at 20% per year starting in year 11
Property type:
Owner-occupied single-family, townhouse, condo, some manufactured homes
Funds needed:
None
Income Limits:
$87,500
Counseling/classes required:
Yes, for first-time homebuyers
Purchase price limits:
Yes, vary by area
Downpayment assistance:
Yes, included
Credit score:
640
Program Name:
NC 1st Home Advantage Down Payment Program
Type:
Second mortgage, 0% interest rate, 15-year term, no monthly payments
Audience:
First-time homebuyer (3-year rule), qualified veteran
Feature:
Up to $8,000 for down payment and closing costs
DPA loan forgiven at 20% per year starting in year 11
Property type:
Owner-occupied single-family, townhouse, condo, some manufactured homes
Funds needed:
None declared
Income Limits:
$87,500
Counseling/classes required:
Yes, for first-time homebuyers
Purchase price limits:
Yes, vary by area
Downpayment assistance:
Yes
Credit score:
640
Program Name:
NC Home Advantage Tax Credit
Type:
Federal Tax Credit for Mortgage Interest
Audience:
First-time buyer (3-year rule), qualified veteran, or target area buyer
Feature:
Deduct up to 50% of interest costs, capped at $2,000 annually, for life of loan
Property must remain buyer's primary residence, or Recapture Tax may apply
Property type:
Single-family homes, approved condos, townhomes
Funds needed:
None declared
Income Limits:
Yes, vary by area
Counseling/classes required:
Not declared
Purchase price limits:
Yes, vary by area
Downpayment assistance:
N/A
Credit score:
640
North Dakota Homebuyer Assistance Programs
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Program Name:
FirstHome Program
Type:
Purchase mortgage - FHA, VA, USDA and Conventional 30-year fixed-rate
Audience:
First-time homebuyer (3-year rule)
Feature:
Lower-than-market interest rate
Property type:
Single-family, condo, 1-4 unit, up to 10-acre rural property, some manufactured homes
Funds needed:
$500 minimum borrower contribution
Income Limits:
Yes, vary by area
Counseling/classes required:
Yes
Purchase price limits:
Yes, vary by area
Downpayment assistance:
Available DCA or Start Programs
Credit score:
Not declared
Program Name:
HomeAccess Program
Type:
Purchase mortgage - FHA, VA, USDA and Conventional 30-year fixed-rate
Audience:
Single-parent or veteran homebuyers, buyers with disabled or elderly family
Feature:
Lower-than-market interest rate
Property type:
Single-family, condo, 1-4 unit, up to 10-acre rural property, some manufactured homes
Funds needed:
$500 minimum borrower contribution
Income Limits:
Yes, vary by area
Counseling/classes required:
Yes
Purchase price limits:
Yes, vary by area
Downpayment assistance:
Available DCA or Start Programs
Credit score:
Not declared
Program Name:
North Dakota Roots Program
Type:
Purchase mortgage - FHA, VA, USDA and Conventional 30-year fixed-rate
Audience:
First-time and repeat homebuyers
Feature:
Market interest rate but higher income limits than FirstHome program
Property type:
Single-family, condo, 1-4 unit, up to 10-acre rural property, some manufactured homes
Funds needed:
$500 minimum borrower contribution
Income Limits:
Yes, vary by area
Counseling/classes required:
Yes
Purchase price limits:
Yes, vary by area
Downpayment assistance:
Available Start Program for down payment assistance
Credit score:
Not declared
Program Name:
Major Home Improvement Program
Type:
Purchase mortgage and home renovation mortgage, 30-year fixed rate
Audience:
First-time and existing homebuyers, refinance
Feature:
Renovations must total 25% of the adjusted cost basis
Property type:
Single-family, condo, 1-4 unit, up to 10-acre rural property, some manufactured homes
Funds needed:
Not declared
Income Limits:
Yes, vary by area
Counseling/classes required:
Yes
Purchase price limits:
Yes, vary by area
Downpayment assistance:
Available with DCA or Start Programs
Credit score:
Not declared
Program Name:
Start Down Payment Assistance Program
Type:
Down payment / closing costs assistance
Audience:
First-time homebuyers
Feature:
Up to 3% of the first mortgage amount, credited at closing
Property type:
Single-family homes, approved condos, only 1 or 2 unit properties
Funds needed:
Minimum $500 investment
Income Limits:
Yes, vary by area
Counseling/classes required:
Yes
Purchase price limits:
Yes, vary by area
Downpayment assistance:
Yes
Credit score:
Not declared
Program Name:
DCA Downpayment Assistance Program
Type:
Second mortgage, 0% interest, deferred repayment
Audience:
First-time and repeat homebuyers
Feature:
0% interest, deferrred repayment
Up to 3% of the purchase price or $3,000, whichever is greater
Property type:
Single-family homes, approved condos, only 1 or 2 unit properties
Funds needed:
Minimum $500 investment
Income Limits:
Yes, vary by area
Counseling/classes required:
Yes
Purchase price limits:
Yes, vary by area
Downpayment assistance:
Yes
Credit score:
Not declared
Nebraska Homebuyer Assistance Programs
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Nebraska
website
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Participating lenders Contact for more help
Check current Nebraska mortgage rates
Program Name:
First Home Plus
Type:
Purchase mortgage - FHA, USDA or conventional 30-year fixed-rate
Audience:
First-time buyer (3-year rule) and others, see Notes
Feature:
Property type:
Single-family homes, approved condos, townhomes, eligible manufactured housing
Funds needed:
Typical closing costs
Income Limits:
Yes, vary by area
Counseling/classes required:
Yes
Purchase price limits:
For single family homes: $250,000 non-target areas, $300,000 target areas
Downpayment assistance:
Yes, available with Homebuyer Assistance (HBA)
Credit score:
640
Notes:
Also eligible: qualifying veteran, divorce, job relocation, natural disaster, target area
Program Name:
Military Home
Type:
Purchase mortgage - FHA, VA or USDA-backed 30-year fixed-rate
Audience:
First-time buyer (3-year rule) active military, or first-time and repeat veteran homebuyers
Feature:
Property type:
Single-family homes, approved condos, townhomes, eligible manufactured housing
Funds needed:
Typical closing costs
Income Limits:
Yes, vary by area
Counseling/classes required:
Yes
Purchase price limits:
For single family homes: $250,000 non-target areas, $300,000 target areas
Downpayment assistance:
Yes, available with Homebuyer Assistance (HBA)
Credit score:
640
Program Name:
Homebuyer Assistance (HBA)
Type:
Second mortgage, FHA, VA, USDA or conventional 10-year fixed-rate
Audience:
First-time buyer (3-year rule) and others, see Notes
Feature:
1% interest rate with 10-year term
Up to 5% of purchase price for downpayment and closing costs
Property type:
Single-family homes, approved condos, townhomes, eligible manufactured housing
Funds needed:
Minimum borrower contribution of $1,000
Income Limits:
Yes, vary by area
Counseling/classes required:
Yes
Purchase price limits:
For single family homes: $250,000 non-target areas, $300,000 target areas
Downpayment assistance:
Yes
Credit score:
640
Notes:
Also eligible: qualifying veteran, divorce, job relocation, natural disaster, target area
New Hampshire Homebuyer Assistance Programs
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website
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Participating lenders Contact for more help
Check current New Hampshire mortgage rates
Program Name:
Home Preferred
Type:
Purchase or refinance mortgage, conventional 30-year fixed rate
Audience:
First-time and repeat homebuyers
Feature:
Lower mortgage insurance premiums
Property type:
Single-family, approved condos, townhomes, 1-4 units, eligible manufactured housing
Funds needed:
0 for single-family homes, 3% for 2-4 unit homes
Income Limits:
115% or less of area Average Median Income
Counseling/classes required:
Yes
Purchase price limits:
$484,350
Downpayment assistance:
No
Credit score:
620
Program Name:
Home Preferred No MI
Type:
Purchase or refinance mortgage, conventional 30-year fixed rate
Audience:
First-time and repeat homebuyers
Feature:
No mortgage insurance costs
Property type:
Single-family, approved condos, 1-2 units, no manufactured housing
Funds needed:
1-unit: $0; 2-unit: 5% of purchase price (purchases only)
Income Limits:
100% or less of area Average Median Income
Counseling/classes required:
Yes
Purchase price limits:
None
Downpayment assistance:
No
Credit score:
680 for 1-unit, 700 for 2-unit property
Program Name:
Home Preferred Plus
Type:
Purchase or refinance mortgage, conventional 30-year fixed rate
Audience:
First-time and repeat homebuyers
Feature:
Grant of up to 3% of the purchase price for down-payment, closing costs
Property type:
Single-family, approved condos, duplex, 1-4 units, eligible manufactured housing
Funds needed:
1-unit: $0; 2-4 unit: 3% of purchase price (purchases only)
Income Limits:
80% or less of area Average Median Income
Counseling/classes required:
Yes, for first-time homebuyers
Purchase price limits:
None
Downpayment assistance:
Yes, included
Credit score:
620
Program Name:
Home Flex
Type:
Purchase mortgage - FHA, VA or USDA-backed 30-year fixed-rate
Audience:
First-time and repeat homebuyers
Feature:
Property type:
Single-family, approved condos, duplex, 1-4 units, eligible manufactured housing
Funds needed:
Not declared
Income Limits:
Yes, vary by area
Counseling/classes required:
Yes, for first-time homebuyers
Purchase price limits:
None
Downpayment assistance:
No
Credit score:
620
Program Name:
Home Flex Plus
Type:
Purchase mortgage - FHA, VA or USDA-backed 30-year fixed-rate
Audience:
First-time and repeat homebuyers
Feature:
Cash Assistance Second Mortgage, 4-year, no interest, no payments
Second mortgage is 2% or 3% of first mortgage, for down payment and closing costs
Property type:
Single-family, approved condos, duplex, 1-4 units, eligible manufactured housing
Funds needed:
Not declared
Income Limits:
Yes, vary by area
Counseling/classes required:
Yes, for first-time homebuyers
Purchase price limits:
None
Downpayment assistance:
Yes, included
Credit score:
620
Notes:
Second mortgage is forgiven after 4 years, if still owner-occupied
Program Name:
Home Flex Plus Purchase Rehab
Type:
Purchase mortgage - FHA, VA or USDA-backed 30-year fixed-rate
Audience:
First-time and repeat homebuyers, in need of renovation funds
Feature:
Second loan up to $35,000 for qualifying renovations and updates
Also provides up to 3% toward down payment and closing costs
Property type:
Single-family, approved condos, duplex, 1-4 units, eligible manufactured housing
Funds needed:
Not declared
Income Limits:
Yes, vary by area
Counseling/classes required:
Yes, for first-time homebuyers
Purchase price limits:
None
Downpayment assistance:
Yes, included
Credit score:
620
Program Name:
HomeStart Homebuyer Tax Credit (MCC)
Type:
Federal Tax Credit for Mortgage Interest
Audience:
First-time buyer (3-year rule), or buyer in a target area
Feature:
Deduct up to 50% of interest costs, capped at $2,000 annually, for life of loan
Property must remain buyer's primary residence, or Recapture Tax may apply
Property type:
Single-family, approved condos, duplex, 1-4 units, eligible manufactured housing
Funds needed:
Varies with loan type, from $50 to $550 (discount for veterans)
Income Limits:
Yes, vary by area
Counseling/classes required:
Yes, for first-time homebuyers
Purchase price limits:
Yes, vary by area
Downpayment assistance:
N/A
Credit score:
Not declared
New Jersey Homebuyer Assistance Programs
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Visit
New Jersey
website
Qualification info Homebuyer classes
Participating lenders Contact for more help
Check current New Jersey mortgage rates
Program Name:
First-time Homebuyer Program
Type:
Purchase mortgage - FHA, VA or USDA-backed 30-year fixed-rate
Audience:
First-time homebuyer (3-year rule)
Feature:
Below market interest rate
Property type:
Single-family, approved condos, duplex, eligible manufactured housing
Funds needed:
Not declared
Income Limits:
Yes, vary by area
Counseling/classes required:
Yes
Purchase price limits:
Yes, vary by area
Downpayment assistance:
Yes, with available Down Payment Assistant Program (DAP)
Credit score:
620
Program Name:
NJHMFA Down Payment Assistance Program
Type:
Second loan, interest-free, five-year forgivable second loan with no monthly payment
Audience:
First-time homebuyer (3-year rule)
Feature:
Property type:
Single-family, approved condos, duplex, eligible manufactured housing
Funds needed:
Not declared
Income Limits:
Yes, vary by area
Counseling/classes required:
Yes
Purchase price limits:
Yes, vary by area
Downpayment assistance:
Yes
Credit score:
620
Notes:
Must be coupled with NJHMFA participating lender, government-insured loan
Program Name:
Police and Fireman's Retirement System Mortgage Program
Type:
Purchase or refinance mortgage, 30-year fixed rate
Audience:
Qualifying members of the NJ Police & Fireman's Retirement System
Feature:
Below market interest rate
Rate is based on the 10-year Treasury yield plus 1%
Property type:
Single-family homes, approved condos
Funds needed:
Fees of $1,825, plus closing costs; monthly fees of $30 or $18 per month
Income Limits:
Not declared
Counseling/classes required:
Not declared
Purchase price limits:
$484,350
Downpayment assistance:
Yes, available with down-payment assistance and second mortgage
Credit score:
Not declared
New Mexico Homebuyer Assistance Programs
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New Mexico
website
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Participating lenders Contact for more help
Check current New Mexico mortgage rates
Program Name:
First Home
Type:
Purchase mortgage - FHA, VA, USDA or HFA-Preferred, 30-year fixed-rate
Audience:
First-time homebuyer (3-year rule)
Feature:
No origination or discount fees
Competitive interest rates
Property type:
Owner-occupied single-family homes
Funds needed:
$500 minimum commitment
Income Limits:
Yes, vary by area
Counseling/classes required:
Yes
Purchase price limits:
Yes, vary by area
Downpayment assistance:
Available with NM down payment assistance programs
Credit score:
620
Program Name:
Next Home
Type:
Purchase HFA mortgage, with 3% down payment assistance (DAP)
Audience:
First-time and repeat homebuyers
Feature:
Down payment assistance grant is forgivable
Property type:
Single-family homes, town homes, condos, PUDs, some manufactured homes
Funds needed:
$500 minimum commitment
Income Limits:
Yes, vary by area, but higher than First Home
Counseling/classes required:
Not declared
Purchase price limits:
Yes, vary by area, but higher than First Home
Downpayment assistance:
Included, 3% outright grant, no repayment
Credit score:
620, but no credit score options are available
Program Name:
First Down (DPA)
Type:
Second mortgage, FHA, VA, USDA or HFA-Preferred, 30-year fixed-rate
Audience:
First-time homebuyer (3-year rule)
Feature:
Up to $8,000 loan for down payment and closing cost assistance
Property type:
Owner-occupied single-family homes
Funds needed:
Not declared
Income Limits:
Yes, vary by area
Counseling/classes required:
Yes
Purchase price limits:
Yes, vary by area
Downpayment assistance:
Yes
Credit score:
620
Notes:
Must be combined with First Home Program
Program Name:
Home Now DPA Program
Type:
Second mortgage, 10-year loan up to $8,000 for down payment and closing costs
Audience:
First-time homebuyer (3-year rule)
Feature:
0% interest rate, non-amortizing 10-year maturity loan due on sale, refinance, or transfer
Principal loan amount is forgiven in the 11th year, if still owner-occupied
Property type:
Owner-occupied single-family homes
Funds needed:
$500 borrower contribution
Income Limits:
Yes, vary by area
Counseling/classes required:
Yes
Purchase price limits:
Yes, vary by area
Downpayment assistance:
Yes
Credit score:
620
Nevada Homebuyer Assistance Programs
Interested? Get more help, learn details, find participating lenders
Visit
Nevada
website
Qualification info Homebuyer classes
Participating lenders Contact for more help
Check current Nevada mortgage rates
Program Name:
Home Is Possible (HIP)
Type:
Purchase mortgage - FHA, VA, USDA or Conventional 30-year fixed-rate
Audience:
First-time and repeat homebuyers
Feature:
Up to 5% of the purchase price for downpayment and closing costs
Forgivable after 3 years if you stay in your home
Property type:
Single-family homes, approved condos, townhomes, qualifying mfd housing
Funds needed:
$675 fee
Income Limits:
$98,500 for government-backed loans, Conventional loans vary by area
Counseling/classes required:
Yes
Purchase price limits:
$484,350
Downpayment assistance:
Included in this program
Credit score:
640
Notes:
With HIP Plus, can be combined with Mortgage Credit Certificate ($400 fee discount)
Program Name:
Home Is Possible for Heroes
Type:
Purchase mortgage - VA or USDA loans only, 30-year fixed-rate
Audience:
Qualifying veteran, active military, surviving spouse
Feature:
Below-market interest rate
Cannot own other property at purchase
Property type:
Single-family homes, approved condos, townhomes, qualifying mfd housing
Funds needed:
$675 fee
Income Limits:
$98,500
Counseling/classes required:
Yes
Purchase price limits:
$484,350
Downpayment assistance:
No
Credit score:
640
Notes:
Can be combined with Mortgage Credit Certificate; MCC fee waived
Program Name:
Home Is Possible for Teachers
Type:
Purchase mortgage - FHA, VA or USDA-backed 30-year fixed-rate
Audience:
Licensed full-time K-12 public school classroom teacher in Nevada
Feature:
Up to $7,500 for downpayment and closing costs, forgivable after 5 years
Property type:
Single-family homes, approved condos, townhomes, qualifying mfd housing
Funds needed:
$675 fee
Income Limits:
$98,500
Counseling/classes required:
Yes
Purchase price limits:
$484,350
Downpayment assistance:
Included in this program
Credit score:
640 for VA or USDA, 660 for FHA
Notes:
Can be combined with Mortgage Credit Certificate (fee discounted)
Program Name:
Mortgage Credit Certificate
Type:
Federal Tax Credit for Mortgage Interest
Audience:
First-time buyer (3-year rule), qualified veteran, or target area buyer
Feature:
Deduct up to 20% of interest costs annually, for life of loan
Property must remain buyer's primary residence, or Recapture Tax may apply
Property type:
Single-family homes, approved condos, townhomes, qualifying mfd housing
Funds needed:
$795 program fee plus $300 lender application fee
Income Limits:
Yes, vary by area
Counseling/classes required:
Yes
Purchase price limits:
Yes, vary by area
Downpayment assistance:
N/A
Credit score:
Not declared
New York Homebuyer Assistance Programs
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Visit
New York
website
Qualification info Homebuyer classes
Participating lenders Contact for more help
Check current New York mortgage rates
Program Name:
SONYMA Achieving the Dream Program
Type:
Purchase mortgage, 30-year fixed rate
Audience:
First-time buyer (3-year rule), qualified veteran, or target area buyer
Feature:
Property type:
Single-family homes, approved condos, co-ops, 1-4 units, PUDs (no mfd housing)
Funds needed:
Minimum borrower contribution 1% for houses; 3% for co-ops and 3-4 units
Income Limits:
Yes, vary by area
Counseling/classes required:
Yes
Purchase price limits:
Yes, vary by area
Downpayment assistance:
Available DPAL program, increases interest rate by 0.375%
Credit score:
Not declared
Program Name:
SONYMA Low Interest Rate Program
Type:
Purchase mortgage, 30-year fixed rate
Audience:
First-time buyer (3-year rule), qualified veteran, or target area buyer
Feature:
Property type:
Single-family homes, approved condos, co-ops, 1-4 units, PUDs (no mfd housing)
Funds needed:
Minimum borrower contribution 1% for houses; 3% for co-ops and 3-4 units
Income Limits:
Yes, vary by area
Counseling/classes required:
Yes
Purchase price limits:
Yes, vary by area
Downpayment assistance:
Available DPAL program, increases interest rate by 0.375%
Credit score:
Not declared
Program Name:
Energy Star Home Program
Type:
Purchase mortgage, 30-year fixed rate
Audience:
Buyers of newly-constructed Energy Star compliant homes
Feature:
Program is available with Achieving the Dream or Low Interest Rate loans
Property type:
New construction single-family homes and 2-unit homes in target areas
Funds needed:
Minimum borrower contribution 1% for houses; 3% for co-ops and 3-4 units
Income Limits:
Yes, vary by area
Counseling/classes required:
Yes
Purchase price limits:
Yes, vary by area
Downpayment assistance:
SONYMA DPAL does not increase first mortgage interest rate
Credit score:
Not declared
Program Name:
Homes for Veterans Program
Type:
Purchase mortgage, 30-year fixed rate
Audience:
Veteran and active military homebuyers
Feature:
Property type:
Single-family homes, approved condos, co-ops, 1-4 units, PUDs (no mfd housing)
Funds needed:
Not declared
Income Limits:
Yes, vary by area
Counseling/classes required:
Yes
Purchase price limits:
Yes, vary by area
Downpayment assistance:
Available with DPAL, does not increase first mortgage interest rate
Credit score:
Not declared
Program Name:
Remodel NY Program
Type:
Purchase and home renovation mortgage, 30-year fixed rate
Audience:
Purchasers of fixer-uppers, who meet the income and credit score requirements
Feature:
$1,000 minimum renovation; no maximum
Property type:
Single-family homes, approved condos, 1-2 units, PUDs (no mfd housing or co-ops)
Funds needed:
Minimum borrower contribution 1%
Income Limits:
Yes, vary by area
Counseling/classes required:
Yes
Purchase price limits:
Yes, vary by area
Downpayment assistance:
Available with DPAL, does not increase first mortgage interest rate
Credit score:
Not declared
Notes:
Base program can be Achieving the Dream or Low Interest Rate program
Program Name:
SONYMA Conventional Plus
Type:
Purchase or refinance mortgage, conventional 30-year fixed rate
Audience:
First-time buyer (3-year rule) and repeat homebuyers, or refinance borrowers
Feature:
Reduced PMI costs
Property type:
Single-family homes, approved condos, co-ops, 1-4 units, PUDs (no mfd housing)
Funds needed:
Single-family: $0; 1-4 unit: 3% of purchase price
Income Limits:
Yes, vary by area
Counseling/classes required:
Yes
Purchase price limits:
None, but maximum loan amount is $484,350 for single-family homes
Downpayment assistance:
Available with DPAL program, increases interest rate by 0.375%
Credit score:
620 for single-family; 680 for 2-4 unit properties
Program Name:
SONYMA FHA Plus
Type:
Purchase or refinance mortgage, FHA-backed 30-year fixed rate
Audience:
First-time homebuyers, refinancing homeowners
Feature:
Property type:
Single-family homes, approved condos, 1-4 units, some mfd housing
Funds needed:
Minimum borrower contribution 1%
Income Limits:
Yes, vary by area
Counseling/classes required:
Yes, for purchase borrowers
Purchase price limits:
Yes, vary by area
Downpayment assistance:
Available with DPAL program, increases interest rate by 0.375%
Credit score:
640
Program Name:
SONYMA Down Payment Assistance Loan (DPAL)
Type:
Second mortgage, 0% interest rate, 10 year term, no monthly payments
Audience:
First-time buyer (3-year rule) homebuyers, veterans, homebuyers in target areas
Feature:
Maximum loan is $3,000 OR 3% of purchase price (maximum of $15,000)
Use for downpayment, closing costs, single-premium PMI
Property type:
Single-family homes, approved condos, co-ops, 1-4 units, PUDs (no mfd housing)
Funds needed:
Minimum borrower contribution 1% for houses; 3% for co-ops and 3-4 units
Income Limits:
Yes, vary by area
Counseling/classes required:
Yes
Purchase price limits:
Yes, vary by area
Downpayment assistance:
N/A
Credit score:
Not declared
Notes:
DPAL is only available with SONYMA eligible first loans
Ohio Homebuyer Assistance Programs
Interested? Get more help, learn details, find participating lenders
Visit
Ohio
website
Qualification info Homebuyer classes
Participating lenders Contact for more help
Check current Ohio mortgage rates
Program Name:
First Time Homebuyer Program
Type:
Purchase mortgage, FHA, VA, USDA or conventional 30-year fixed rate
Audience:
First-time buyer (3-year rule), qualified veteran, or target area buyer
Feature:
Market rate interest rates
Property type:
Single-family home, approved condo, duplex, 1-4 units, some modular homes
Funds needed:
Vary with loan type
Income Limits:
Yes, vary by area
Counseling/classes required:
Yes
Purchase price limits:
Yes, vary by area
Downpayment assistance:
Yes, available with 2.5% Your Choice! DPA Program
Credit score:
640 conventional, VA, USDA; 660 FHA
Notes:
OHFA Advantage Program available with conventional loans
Program Name:
Next Home Program
Type:
Purchase mortgage, FHA, VA, USDA or conventional 30-year fixed rate
Audience:
Repeat homebuyers
Feature:
Property type:
Single-family home, approved condo, duplex, 1-4 units, some modular homes
Funds needed:
Vary with loan type
Income Limits:
Yes, vary by area
Counseling/classes required:
Yes
Purchase price limits:
Yes, vary by area
Downpayment assistance:
Yes, available with 5% Your Choice! DPA Program
Credit score:
640 conventional, VA, USDA; 660 FHA
Notes:
OHFA Advantage Program available with conventional loans
Program Name:
Ohio Heroes Program
Type:
Purchase mortgage, FHA, VA, USDA or conventional 30-year fixed rate
Audience:
Veterans, Active Military, Police, Firefighter, Teachers
Feature:
Mortgage interest rate discounted by 0.25%
Property type:
Single-family home, approved condo, duplex, 1-4 units, some modular homes
Funds needed:
Vary with loan type
Income Limits:
Yes, vary by area
Counseling/classes required:
Yes
Purchase price limits:
Yes, vary by area
Downpayment assistance:
Yes, available with 2.5% Your Choice! DPA Program
Credit score:
640 conventional, VA, USDA; 660 FHA
Notes:
OHFA Advantage Program available with conventional loans
Program Name:
Grants for Grads Program
Type:
Purchase mortgage, FHA, VA, USDA or conventional 30-year fixed rate
Audience:
Qualifying college graduates who are first-time homebuyers (3-year rule)
Feature:
Includes 2.5% or 5% down payment assistance, forgivable after 5 years
Discounted mortgage interest rate
Property type:
Single-family home, approved condo, duplex, 1-4 units, some modular homes
Funds needed:
Vary with loan type
Income Limits:
Yes, vary by area
Counseling/classes required:
Yes
Purchase price limits:
Yes, vary by area
Downpayment assistance:
Yes, with Your Choice! Program, packaged with loan, but forgiven after 5 years
Credit score:
640 conventional, VA, USDA; 660 FHA
Notes:
OHFA Advantage and MTC Program also available
Program Name:
Target Area Loan Program
Type:
Purchase mortgage, FHA, VA, USDA or conventional 30-year fixed rate
Audience:
Borrowers who meet the income and credit score requirements
Feature:
Property type:
Property must be in a federally designated target area
Funds needed:
Not declared
Income Limits:
Yes, vary by area
Counseling/classes required:
Yes
Purchase price limits:
Yes, vary by area
Downpayment assistance:
Available with Your Choice! Down Payment Assistance
Credit score:
640 conventional, VA, USDA; 660 FHA
Notes:
OHFA Advantage Program available with conventional loans
Program Name:
Your Choice! Down Payment Assistance
Type:
Second mortgage, forgiven after 7 years if still in home
Audience:
First-time buyer (3-year rule), using OHFA, Ohio Heroes or Next Home loans
Feature:
2.5% or 5% of purchase price for downpayment and closing costs
All repayable if buyer sells home or refinances first mortgage prior to seven years
Property type:
Single-family home, approved condo, duplex, 1-4 units, some modular homes
Funds needed:
Possible recording fees
Income Limits:
Yes, vary by area
Counseling/classes required:
Yes
Purchase price limits:
Yes, vary by area
Downpayment assistance:
Yes
Credit score:
640 conventional, VA, USDA; 660 FHA
Program Name:
OHFA Advantage Program
Type:
Second mortgage, forgivable when requirements met
Audience:
First-time and repeat homebuyers
Feature:
Can be used with all conventional loans
$2,500 if income is 50% of AMI, $1,500 if income is 80% of AMI
Property type:
Single-family home, approved condo, duplex, 1-4 units, some modular homes
Funds needed:
Not declared
Income Limits:
Yes, vary by area
Counseling/classes required:
Yes
Purchase price limits:
Yes, vary by area
Downpayment assistance:
Yes
Credit score:
640
Program Name:
Mortgage Tax Credit (MTC)
Type:
Federal Tax Credit for Mortgage Interest
Audience:
First-time buyer (3-year rule), qualified veteran, or target area buyer
Feature:
Deduct up to 40% of interest costs, capped at $2,000 annually, for life of loan
Property must remain buyer's primary residence, or Recapture Tax may apply
Property type:
Single-family home, approved condo, duplex, 1-4 units, some modular homes
Funds needed:
Fees vary with loan type
Income Limits:
Yes, vary by area
Counseling/classes required:
Yes
Purchase price limits:
Yes, vary by area
Downpayment assistance:
N/A
Credit score:
N/A
Notes:
Also available for non-OHFA mortgages, but maximums are reduced
Oklahoma Homebuyer Assistance Programs
Interested? Get more help, learn details, find participating lenders
Visit
Oklahoma
website
Qualification info Homebuyer classes
Participating lenders Contact for more help
Check current Oklahoma mortgage rates
Program Name:
OHFA Dream
Type:
Purchase mortgage, FHA, VA, USDA or conventional 30-year fixed rate
Audience:
First-time and repeat homebuyers
Feature:
Downpayment Assistance Gift of 3.50% or 5.00% of the Note Amount
Property type:
Single-family homes, approved condos, townhouses (no mfd homes)
Funds needed:
Not declared
Income Limits:
Yes, vary by area
Counseling/classes required:
Not declared
Purchase price limits:
$484,350 for Conventional loan
Downpayment assistance:
Yes, included
Credit score:
640
Program Name:
OHFA Gold
Type:
Purchase mortgage, FHA, VA, USDA or conventional 30-year fixed rate
Audience:
First-time homebuyers except in target areas
Feature:
3.5% (FHA) of the purchase price as outright grant for downpayment and closing costs
Property type:
Single-family homes, approved condos, townhouses (some mfd housing)
Funds needed:
Not declared
Income Limits:
Yes, vary by area
Counseling/classes required:
Not declared
Purchase price limits:
Yes, vary by area
Downpayment assistance:
Yes, included
Credit score:
640
Program Name:
OHFA Shield
Type:
Purchase mortgage, FHA, VA, USDA or conventional 30-year fixed rate
Audience:
Police and firefighters, first-time homebuyers (except in target areas)
Feature:
Low-interest first loan with down payment assistance
Property type:
Single-family homes, approved condos, townhouses, some mfd housing
Funds needed:
Not declared
Income Limits:
Yes, vary by area
Counseling/classes required:
No
Purchase price limits:
Yes, vary by area
Downpayment assistance:
Yes, included
Credit score:
Not declared
Program Name:
OHFA 4Teachers
Type:
Purchase mortgage, FHA, VA, USDA or conventional 30-year fixed rate
Audience:
Teachers, first-time homebuyers (except in target areas)
Feature:
Low-interest first loan with down payment assistance
Property type:
Single-family homes, approved condos, townhouses, some mfd housing
Funds needed:
Not declared
Income Limits:
Yes, vary by area
Counseling/classes required:
No
Purchase price limits:
Yes, vary by area
Downpayment assistance:
Yes, included
Credit score:
640
Oregon Homebuyer Assistance Programs
Interested? Get more help, learn details, find participating lenders
Visit
Oregon
website
Qualification info Homebuyer classes
Participating lenders Contact for more help
Check current Oregon mortgage rates
Program Name:
Cash Advantage program
Type:
Purchase mortgage - FHA, VA, USDA and Conventional 30-year fixed-rate
Audience:
First-time buyer (3-year rule), or buyer in a target area
Feature:
Includes cash assistance equal to 3% of their loan amount
Property type:
Single-family homes, approved condos, PUDs, and some manufactured homes
Funds needed:
Not declared
Income Limits:
Yes, vary by area
Counseling/classes required:
Not declared
Purchase price limits:
Yes, vary by area
Downpayment assistance:
Yes, included
Credit score:
Not declared
Program Name:
Rate Advantage program
Type:
Purchase mortgage - FHA, VA, USDA and Conventional 30-year fixed-rate
Audience:
First-time buyer (3-year rule), or buyer in a target area
Feature:
Property type:
Single-family homes, approved condos, PUDs, and some manufactured homes
Funds needed:
Not declared
Income Limits:
Yes, vary by area
Counseling/classes required:
Not declared
Purchase price limits:
Yes, vary by area
Downpayment assistance:
None
Credit score:
Not declared
Pennsylvania Homebuyer Assistance Programs
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Pennsylvania
website
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Check current Pennsylvania mortgage rates
Program Name:
HFA Preferred Risk Sharing
Type:
Purchase or refinance mortgage, 30-year fixed rate
Audience:
First-time and repeat homebuyers, homeowners
Feature:
No Private Mortgage Insurance (PMI) but slightly higher interest rate
Property type:
Single-family homes (no 2-unit residences)
Funds needed:
$1,000 minimum borrower contribution
Income Limits:
Yes, vary by area
Counseling/classes required:
Yes, if credit score is below 680
Purchase price limits:
Yes, vary by area
Downpayment assistance:
Yes, available with Keystone Advantage Assistance second loan
Credit score:
620
Notes:
Borrowers who complete credit counsel classes may receive $300 credit toward closing costs
Program Name:
HFA Preferred Low MI
Type:
Purchase or refinance mortgage, 30-year fixed rate
Audience:
First-time and repeat homebuyers, homeowners
Feature:
Reduced private mortgage insurance cost
Property type:
Single-family homes (no 2-unit residences)
Funds needed:
$1,000 minimum borrower contribution
Income Limits:
Yes, vary by area
Counseling/classes required:
Yes, if credit score is below 680
Purchase price limits:
Yes, vary by area
Downpayment assistance:
Yes, available with Keystone Advantage Assistance second loan
Credit score:
620
Notes:
Borrowers who complete credit counsel classes may receive $300 credit toward closing costs
Program Name:
Keystone Home Loan
Type:
Purchase mortgage - FHA, VA, USDA or Conventional 30-year fixed-rate
Audience:
First-time buyer (3-year rule), qualified veteran, or target area buyer
Feature:
Property type:
Single-family homes, approved condos, some manufactured housing
Funds needed:
Not declared
Income Limits:
Yes, vary by area
Counseling/classes required:
Yes, if credit score is below 680
Purchase price limits:
Yes, vary by area
Downpayment assistance:
Yes, available with Keystone Advantage Assistance second loan
Credit score:
620
Program Name:
Keystone Government Loan
Type:
Purchase or refinance mortgage - FHA, VA, USDA or HFA-Preferred, 30-year fixed-rate
Audience:
First-time and repeat homebuyers
Feature:
Property type:
Single-family homes, approved condos, some manufactured housing
Funds needed:
Not declared
Income Limits:
Yes, vary by area
Counseling/classes required:
Yes, if credit score is below 680
Purchase price limits:
Yes, vary by area
Downpayment assistance:
Yes, available with Keystone Advantage Assistance second loan
Credit score:
620
Program Name:
Keystone Advantage Assistance Loan
Type:
Second mortgage, 0% interest rate, 10-year term
Audience:
First-time and repeat homebuyers
Feature:
Up to 4% of the purchase price, capped at $6,000
Funds can only be used for the downpayment and/or closing costs
Property type:
Single-family homes
Funds needed:
Not declared
Income Limits:
Yes, vary by area
Counseling/classes required:
Yes, if credit score is below 680
Purchase price limits:
Yes, vary by area
Downpayment assistance:
Yes
Credit score:
660
Notes:
Borrower's remaining liquid assets cannot exceed $50,000
Program Name:
HOMEstead Downpayment and Closing Cost Assistance Loan
Type:
Second mortgage, 0% interest rate, 5 year term,
Audience:
First-time and repeat homebuyers
Feature:
Up to $10,000 loan, forgiven at 20% per year (no payments)
Minimum loan $1,000
Property type:
Single-family homes
Funds needed:
Not declared
Income Limits:
Yes, vary by area
Counseling/classes required:
Yes, if credit score is below 680
Purchase price limits:
Yes, vary by area
Downpayment assistance:
Yes
Credit score:
620
Notes:
Most major cities and seven counties are wholly excluded from the program
Program Name:
Employer Assisted Housing Initiative
Type:
Second mortgage, 0% interest rate, 10-year term
Audience:
First-time and repeat homebuyers
Feature:
Up to $8,000 for downpayment and closing costs (less for non-EAH borrowers)
Available to employees of 49 different companies
Property type:
Not declared
Funds needed:
Not declared
Income Limits:
Yes, vary by area
Counseling/classes required:
Yes, if credit score is below 680
Purchase price limits:
Yes, vary by area
Downpayment assistance:
Yes
Credit score:
620
Program Name:
Access Home Modification Program
Type:
Second mortgage, 0% interest rate, up to $10,000, no monthly payments
Audience:
Disabled homebuyers or with disabled family member
Feature:
Minimum $1,000. Loan repaid upon sale, refinance or non-occupancy of property
Funds to renovate the home according to needs
Property type:
Single-family homes
Funds needed:
None
Income Limits:
Yes, vary by area
Counseling/classes required:
Yes, if credit score is below 680
Purchase price limits:
Yes, vary by area
Downpayment assistance:
Yes, available with HOMEstead Downpayment and Closing Cost Assistance Loan
Credit score:
Varies by loan product
Notes:
Available with any of the PHFA first mortgage programs
Program Name:
Purchase Improvement Home Loan
Type:
Amount included in first loan, from $1,000 to $15,000 for home improvements/repairs
Audience:
Conventional Keystone Home Loan borrowers needing repair funds
Feature:
With repair amount, loan cannot exceed county guidelines
Property type:
Single-family homes, condos, 1-2 unit residence
Funds needed:
Not declared
Income Limits:
Yes, vary by area
Counseling/classes required:
Yes, if credit score is below 680
Purchase price limits:
Yes, vary by area
Downpayment assistance:
Yes, may be combined with PHFA's Keystone Advantage Assistance Loan
Credit score:
620
Notes:
Must be paired with conventional Keystone Home Loan programs
Program Name:
Mortgage Credit Certificate
Type:
Federal Tax Credit for Mortgage Interest
Audience:
First-time buyer (3-year rule), qualified veteran, or target area buyer
Feature:
Deduct up to 50% of interest costs, capped at $2,000 annually, for life of loan
Property must remain buyer's primary residence, or Recapture Tax may apply
Property type:
Single-family homes, approved condos, townhomes
Funds needed:
No fee
Income Limits:
Yes, vary by area
Counseling/classes required:
Yes, if credit score is below 680
Purchase price limits:
Yes, vary by area
Downpayment assistance:
N/A
Credit score:
Not declared
Rhode Island Homebuyer Assistance Programs
Interested? Get more help, learn details, find participating lenders
Visit
Rhode Island
website
Qualification info Homebuyer classes
Participating lenders Contact for more help
Check current Rhode Island mortgage rates
Program Name:
FirstHomes 100
Type:
Purchase mortgage, 30-year fixed rate
Audience:
First-time homebuyers
Feature:
Combined with down payment and closing cost assistance, 100% financing
FirstHomes Tax Credit is available with this program, up to $2,000 annually
Property type:
Single-family homes, approved condos
Funds needed:
Not declared
Income Limits:
$93,623 (for a 1-2 person household) or $107,667 (for a 3+ person household)
Counseling/classes required:
Yes
Purchase price limits:
$441,176
Downpayment assistance:
Yes, included
Credit score:
Not declared
Notes:
Participating Lenders can assist with RIHousing loan programs at any income level
Program Name:
FirstHomes 100+
Type:
30-year fixed rate FHA (203K) Purchase and rehabilitation mortgage
Audience:
First-time homebuyers needing rehabilitation funds
Feature:
Combined with down payment and closing cost assistance, 100% financing
FirstHomes Tax Credit is available with this program, up to $2,000 annually
Property type:
Single-family homes, 1-4 family home, approved condos
Funds needed:
Not declared
Income Limits:
$93,623 (1-2 person household) or $107,667 (3+ person household) (See Notes)
Counseling/classes required:
Yes
Purchase price limits:
$441,176 for a one- to four-family home or eligible condominium
Downpayment assistance:
Yes, included
Credit score:
Not declared
Notes:
Participating Lenders can assist with RIHousing loan programs at any income level
Program Name:
Beyond FirstHomes
Type:
Purchase or refinance mortgage
Audience:
Repeat homebuyers, homeowners
Feature:
No mortgage insurance for eligible buyers or owners
Property type:
Single-family homes, approved condos
Funds needed:
3% down required for home buyers
Income Limits:
Not declared
Counseling/classes required:
No
Purchase price limits:
Not declared
Downpayment assistance:
No
Credit score:
Not declared
Program Name:
LastingHomes - Home Equity
Type:
5 to 20-year home equity second loan, from $5,000 to $60,000
Audience:
Existing RIHousing borrowers
Feature:
Funds can be used for a range of personal financing needs
Property type:
Single-family homes, approved condos
Funds needed:
$350 origination fee
Income Limits:
Not declared
Counseling/classes required:
No
Purchase price limits:
N/A
Downpayment assistance:
No
Credit score:
Not declared
Program Name:
LastingHomes - Home Repair
Type:
5 to 20-year second loan, up to $25,000
Audience:
Existing RIHousing borrowers
Feature:
Home improvement, energy-efficiencies, heating/cooling, etc
Property type:
Single-family homes, approved condos
Funds needed:
$350 origination fee
Income Limits:
$93,623 (1-2 person household) or $107,667 (3+ person household) (See Notes)
Counseling/classes required:
No
Purchase price limits:
N/A
Downpayment assistance:
N/A
Credit score:
Not declared
Program Name:
FirstDown
Type:
Second mortgage, up to $7,500 with 0% interest, 5-year term
Audience:
First-time homebuyers
Feature:
Loan forgiven after 5 years if property still owner-occupied
Available only in Cranston, Pawtucket, Providence, Warwick, Woonsocket counties
Property type:
First-time buyer (3-year rule), qualified veteran, or target area buyer
Funds needed:
$100 reservation fee, processing fees
Income Limits:
$93,623 (1-2 person household) or $107,667 (3+ person household)
Counseling/classes required:
Yes, for first-time homebuyers
Purchase price limits:
$454,250 for a one- to four-family home or eligible condominium
Downpayment assistance:
Yes
Credit score:
Not declared
Notes:
Loan must be repaid upon sale, refinance or no longer owner-occupied
Program Name:
LeadSafe Homes Program
Type:
Up to $10,000, 5 to 10-year forgivable loans, to mitigate the hazards of lead-based paint
Audience:
Homeowners and landlords in Rhode Island
Feature:
Forgiven after 5 years for homeowners and after 10 years for rental properties
Property type:
Single and multi-family homes built before 1978
Funds needed:
$350 origination fee
Income Limits:
Not declared
Counseling/classes required:
No
Purchase price limits:
N/A
Downpayment assistance:
N/A
Credit score:
Not declared
Program Name:
FirstHome Tax Credit (MCC)
Type:
Federal Tax Credit for Mortgage Interest
Audience:
First-time buyer (3-year rule), qualified veteran, or target area buyer
Feature:
Deduct up to 20% of interest costs, capped at $2,000 annually, for life of loan
Property must remain buyer's primary residence, or Recapture Tax may apply
Property type:
Single-family homes, approved condos, townhomes
Funds needed:
No fee
Income Limits:
$93,623 (1-2 person household) or $107,667 (3+ person household)
Counseling/classes required:
Yes
Purchase price limits:
$454,250 for a one- to four-family home or eligible condominium
Downpayment assistance:
N/A
Credit score:
Not declared
South Carolina Homebuyer Assistance Programs
Interested? Get more help, learn details, find participating lenders
Visit
South Carolina
website
Qualification info Homebuyer classes
Participating lenders Contact for more help
Check current South Carolina mortgage rates
Program Name:
Homeownership Program
Type:
Purchase mortgage, FHA, USDA or Conventional 30-year fixed-rate
Audience:
First-time buyer (3-year rule), or buyer in a target area
Feature:
Conventional offers reduced private mortgage insurance costs
Property type:
Single-family homes, approved condos, townhomes, some modular homes
Funds needed:
1% origination fee and typical closing costs
Income Limits:
Yes, vary by area
Counseling/classes required:
Yes, if down payment assistance program used
Purchase price limits:
$225,000 (Beaufort County has $285,000 limit)
Downpayment assistance:
Yes, available Repayable or Forgivable Down Payment Assistance
Credit score:
FHA 620; USDA or Conventional 640
Notes:
Mortgage Credit Certificate (MCC) is available with this loan
Program Name:
Repayable Down Payment Assistance
Type:
Second mortgage, 2% interest rate, 10-year term
Audience:
First-time buyer (3-year rule), or buyer in a target area
Feature:
Up to $6,000 available for down payment and closing costs
Must have income above 80% of Area Median Income
Property type:
Single-family homes, approved condos, townhomes, some modular homes
Funds needed:
Not declared
Income Limits:
Yes, vary by area
Counseling/classes required:
Yes
Purchase price limits:
$225,000 (Beaufort County has $285,000 limit)
Downpayment assistance:
Yes
Credit score:
FHA 620; USDA or Conventional 640
Program Name:
Forgivable Down Payment Assistance
Type:
Second mortgage, 0% interest rate, 10 year term, no monthly payments
Audience:
First-time buyer (3-year rule), or buyer in a target area
Feature:
Up to $6,000 available, forgiven after 10 years
Must have income below 80% of Area Median Income
Property type:
Single-family homes, approved condos, townhomes, some modular homes
Funds needed:
Not declared
Income Limits:
Yes, vary by area
Counseling/classes required:
Yes
Purchase price limits:
$225,000 (Beaufort County has $285,000 limit)
Downpayment assistance:
Yes
Credit score:
FHA 620; USDA or Conventional 640
Program Name:
Hardest Hit Down Payment Assistance
Type:
Second mortgage, 0% interest rate, 10-year term
Audience:
First-time homebuyers in specific zip codes within Richland, Lexington and Sumter counties
Feature:
Up to $15,000 available, forgiven after 10 years
Property type:
Single-family homes, approved condos
Funds needed:
Not declared
Income Limits:
Yes, vary by area
Counseling/classes required:
Yes
Purchase price limits:
$225,000 (Beaufort County has $285,000 limit)
Downpayment assistance:
Yes
Credit score:
620
Program Name:
Mortgage Credit Certificate
Type:
Federal Tax Credit for Mortgage Interest
Audience:
First-time buyer (3-year rule), qualified veteran, or target area buyer
Feature:
Deduct up to 50% of interest costs, capped at $2,000 annually, for life of loan
Property must remain buyer's primary residence, or Recapture Tax may apply
Property type:
Single-family homes, approved condos, townhomes, approved mfd housing
Funds needed:
No fee
Income Limits:
Yes, vary by area
Counseling/classes required:
Yes
Purchase price limits:
$275,000 (Beaufort County has $295,000 limit)
Downpayment assistance:
N/A
Credit score:
Not declared
Notes:
Not available with SC Housing bond, VA bond, FHA 203(k) loan or USDA Direct loan
South Dakota Homebuyer Assistance Programs
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Visit
South Dakota
website
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Participating lenders Contact for more help
Check current South Dakota mortgage rates
Program Name:
Fixed Rate Program
Type:
Purchase mortgage, FHA, VA, USDA or conventional 30-year fixed rate
Audience:
First-time buyer (3-year rule), qualified veteran, or target area buyer
Feature:
Property type:
Single-family homes, approved condos, townhomes, eligible manufactured housing
Funds needed:
Not declared
Income Limits:
Yes, vary by area
Counseling/classes required:
Yes, with conventional loans (optional for govt-backed loans)
Purchase price limits:
$250,200 for first-time buyers; $305,800 for repeat buyers and target areas
Downpayment assistance:
Not available with this program
Credit score:
Not declared
Notes:
Target areas are Buffalo and Ziebach counties and parts of Shannon, Todd and Pennington counties
Program Name:
Fixed Rate Plus Program
Type:
Purchase mortgage, FHA, VA, USDA or conventional 30-year fixed rate
Audience:
First-time buyer (3-year rule), qualified veteran, or target area buyer
Feature:
Includes 3% non-repayable grant for down payment and closing costs
Interest rate is higher than standard fixed-rate program
Property type:
Single-family homes, approved condos, townhomes, eligible manufactured housing
Funds needed:
Not declared
Income Limits:
Yes, vary by area
Counseling/classes required:
Yes, with conventional loans (optional for govt-backed loans)
Purchase price limits:
$250,200 for first-time buyers; $305,800 for repeat buyers and target areas
Downpayment assistance:
Yes, included
Credit score:
Not declared
Program Name:
Grants for Grads program
Type:
Downpayment Grant, interest rate is higher than first mortgage
Audience:
First-time homebuyers (3-year rule) with postsecondary degrees (within 60 months)
Feature:
5% of loan amount, non-repayable grant for down payment and closing costs
No recapture tax is home is sold after 9 years
Property type:
Single-family homes, approved condos, townhomes, eligible manufactured housing
Funds needed:
Not declared
Income Limits:
Yes, vary by area
Counseling/classes required:
Yes, with conventional loans (optional for govt-backed loans)
Purchase price limits:
$250,200
Downpayment assistance:
Yes
Credit score:
Not declared
Program Name:
Repeat Homebuyer Program
Type:
Purchase mortgage, FHA, VA, USDA or conventional 30-year fixed rate
Audience:
Repeat homebuyers
Feature:
Available optional down payment assistance up to 3%
Property type:
Single-family homes, approved condos, townhomes, eligible manufactured housing
Funds needed:
Not declared
Income Limits:
$85,560 for family of two; $99,820 for 3 or more
Counseling/classes required:
Yes, with conventional loans (optional for govt-backed loans)
Purchase price limits:
$305,800
Downpayment assistance:
Yes
Credit score:
620
Program Name:
Governor's House Program
Type:
Modular Home Program
Audience:
Low income homebuyers , elderly homebuyers, persons with disabilities
Feature:
SD sells low-cost homes outright to qualified borrowers
Buyer must provide lot, permits, utility hookups and more
Property type:
Modular homes built off-site and delivered
Funds needed:
Lot, foundation, hookups, permits and more
Income Limits:
$49,910 for couples or individuals; $57,040 for families of three or more
Counseling/classes required:
Not declared
Purchase price limits:
2-bedroom home is $49,700, 3-bedroom home is $56,700 (plus tax)
Downpayment assistance:
N/A
Credit score:
Not declared
Notes:
There are net worth and liquid asset limits for borrowers, vary by age
Program Name:
Down Payment Assistance
Type:
Second mortgage, 0% interest rate, no monthly payments
Audience:
First-time buyer (3-year rule), or buyer in a target area
Feature:
Due-on-sale or satisfaction, no payments and no additional fees
Property type:
Single-family homes, approved condos, townhomes, eligible manufactured housing
Funds needed:
None
Income Limits:
Yes, vary by area
Counseling/classes required:
Yes, with conventional loans (optional for govt-backed loans)
Purchase price limits:
Yes, vary by area
Downpayment assistance:
Yes
Credit score:
Not declared
Program Name:
SDHDA Tax Credit (Mortgage Credit Certificate)
Type:
Federal Tax Credit for Mortgage Interest
Audience:
First-time buyer (3-year rule), qualified veteran, or target area buyer
Feature:
Deduct up to 50% of interest costs, capped at $2,000 annually, for life of loan
Property must remain buyer's primary residence, or Recapture Tax may apply
Property type:
Single-family homes, approved condos, townhomes, eligible manufactured housing
Funds needed:
$750; reduced to $250 if used with SDHDA First-Time Homebuyer program
Income Limits:
Yes, vary by area
Counseling/classes required:
Yes, with conventional loans (optional for govt-backed loans)
Purchase price limits:
$250,200, or $305,800 if home is located in target area
Downpayment assistance:
N/A
Credit score:
Not declared
Tennessee Homebuyer Assistance Programs
Interested? Get more help, learn details, find participating lenders
Visit
Tennessee
website
Qualification info Homebuyer classes
Participating lenders Contact for more help
Check current Tennessee mortgage rates
Program Name:
Great Choice Home Loan
Type:
Purchase mortgage - FHA, VA, USDA or Conventional 30-year fixed-rate
Audience:
First-time buyer (3-year rule), qualified veteran, or target area buyer
Feature:
Property type:
Single-family homes, approved condos, 1-4 unit properties
Funds needed:
Not declared
Income Limits:
Yes, vary by area
Counseling/classes required:
Recommended but not required
Purchase price limits:
Yes, vary by area
Downpayment assistance:
Available with the Great Choice Plus program
Credit score:
640
Notes:
Recapture tax may apply if home is sold in first 9 years
Program Name:
Great Choice Plus
Type:
Second mortgage, forgivable, 0% interest rate, 30-year term
Audience:
First-time buyer (3-year rule), qualified veteran, or target area buyer
Feature:
Up to 5% of purchase price, no payments required
Property type:
Single-family homes, approved condos, 1-4 unit properties
Funds needed:
Not declared
Income Limits:
Yes, vary by area
Counseling/classes required:
Yes
Purchase price limits:
Yes, vary by area
Downpayment assistance:
Yes, included
Credit score:
640
Notes:
Funds must be repaid upon sale or refinance of home
Program Name:
Homeownship for the Brave program
Type:
Purchase mortgage - FHA, VA or USDA-backed 30-year fixed-rate
Audience:
Veteran and active military homebuyers and spouses
Feature:
0.5% interest rate reduction from Great Choice program
Borrow up to 100% of home price with a VA loan or 96.5% with FHA or USDA loans
Property type:
Single-family homes, approved condos, 1-4 unit properties
Funds needed:
Not declared
Income Limits:
Yes, vary by area
Counseling/classes required:
Yes
Purchase price limits:
Yes, vary by area
Downpayment assistance:
Yes, available with the Great Choice Plus DPA progam
Credit score:
Not declared
Notes:
Recapture tax may apply if home is sold in first 9 years
Program Name:
Tennessee Repair Home Loan Program
Type:
5-year loan for repairs and improvements, up to $25,000 with 0% interest
Audience:
Low income, veterans, seniors and homeowners with special needs
Feature:
No monthly payments, loan is forgivable after 5 years (20% per year)
Must have owned and occupied your home for at least 5 years
Property type:
Single-family and manufactured homes
Funds needed:
Not declared
Income Limits:
Yes, vary by area
Counseling/classes required:
Yes
Purchase price limits:
Yes, vary by area
Downpayment assistance:
Available with the Great Choice Plus program
Credit score:
Not declared
Notes:
Recapture tax may apply if home is sold in first 9 years
Program Name:
Take Credit Mortgage Credit Certificate (MCC)
Type:
Federal Tax Credit for Mortgage Interest
Audience:
First-time buyer (3-year rule), qualified veteran, or target area buyer
Feature:
Deduct up to 50% of interest costs, capped at $2,000 annually, for life of loan
Property must remain buyer's primary residence, or Recapture Tax may apply
Property type:
Single-family homes, approved condos, 1-4 unit properties
Funds needed:
Not declared
Income Limits:
Yes, vary by area
Counseling/classes required:
Yes
Purchase price limits:
Yes, vary by area
Downpayment assistance:
N/A
Credit score:
Not declared
Notes:
Not available for THDA bond-financed loans including the Great Choice Mortgage Loan Program.
Texas Homebuyer Assistance Programs
Interested? Get more help, learn details, find participating lenders
Visit
Texas
website
Qualification info Homebuyer classes
Participating lenders Contact for more help
Check current Texas mortgage rates
Program Name:
My First Texas Home
Type:
Purchase mortgage - FHA, VA, USDA or Conventional 30-year fixed-rate
Audience:
First-time buyer (3-year rule), qualified veteran, or target area buyer
Feature:
Second loan for up to 5% of purchase price for downpayment or closing costs
30-year second mortgage, 0% interest, no payments
Property type:
Owner-occupied single-family, townhouse, condo, 1-4 units, some mfd homes
Funds needed:
Not declared
Income Limits:
Yes, vary by area
Counseling/classes required:
Yes
Purchase price limits:
Yes, vary by area
Downpayment assistance:
Yes, included
Credit score:
620
Notes:
Down payment assistance must be repaid on sale, refinance or pay off of first mortgage
Program Name:
My Choice Texas Home
Type:
Purchase mortgage - FHA, VA, USDA or Conventional 30-year fixed-rate
Audience:
First-time and repeat homebuyers
Feature:
Second loan for up to 5% of purchase price for downpayment or closing costs
30-year second mortgage, 0% interest, no payments
Property type:
Owner-occupied single-family, townhouse, condo, 1-4 units, some mfd homes
Funds needed:
Not declared
Income Limits:
Yes, vary by area
Counseling/classes required:
Yes
Purchase price limits:
Yes, vary by area
Downpayment assistance:
Yes, included
Credit score:
620
Notes:
Down payment assistance must be repaid on sale, refinance or pay off of first mortgage
Program Name:
Homes for Texas Heroes
Type:
Purchase mortgage - FHA, VA, USDA or Conventional 30-year fixed-rate
Audience:
Police, firefighters, EMS, teachers, veterans and other homebuyers
Feature:
DPA provided as a grant (never needs to be repaid) or forgivable second lien loan
Optional second lien loan: 0% interest, no monthly payments, repayable upon sale or transfer
Property type:
Owner-occupied single-family, townhouse, condo, 1-4 units, some mfd homes
Funds needed:
Not declared
Income Limits:
Yes, vary by area
Counseling/classes required:
Yes
Purchase price limits:
Yes, vary by area
Downpayment assistance:
Yes, included
Credit score:
620
Program Name:
Home Sweet Texas Home
Type:
Purchase mortgage - FHA, VA, USDA or Conventional 30-year fixed-rate
Audience:
First-time and repeat homebuyers
Feature:
DPA provided as a grant (never needs to be repaid) or forgivable second lien loan
Optional second lien loan: 0% interest, no monthly payments, repayable upon sale or transfer
Property type:
Owner-occupied single-family, townhouse, condo, 1-4 units, some mfd homes
Funds needed:
Not declared
Income Limits:
Yes, vary by area
Counseling/classes required:
Yes
Purchase price limits:
Yes, vary by area
Downpayment assistance:
Yes, included
Credit score:
620
Program Name:
Down Payment Assistance Grant (DPA)
Type:
No repayment grant, for assistance toward down payment and closing costs
Audience:
Qualifying borrowers with a TSAHC first mortgage
Feature:
DPA Grant is forgivable as long as you reside in the home for six months
Property type:
Owner-occupied single-family, townhouse, condo, 1-4 units, some mfd homes
Funds needed:
None
Income Limits:
Yes, vary by area
Counseling/classes required:
Yes
Purchase price limits:
Yes, vary by area
Downpayment assistance:
Yes
Credit score:
Not declared
Program Name:
DPA Second Lien Loan
Type:
Second lien is 0% interest, no monthly payments, forgivable
Audience:
Qualifying borrowers with a TSAHC Conventional (HFA) first mortgage
Feature:
Includes up to 5% assistance toward down payment and closing costs
This lien is due and payable upon sale, transfer or refinance of property
Property type:
Owner-occupied single-family, townhouse, condo, 1-4 units, some mfd homes
Funds needed:
None
Income Limits:
Yes, vary by area
Counseling/classes required:
Yes
Purchase price limits:
Yes, vary by area
Downpayment assistance:
Yes
Credit score:
680
Program Name:
Mortgage Credit Certificate
Type:
Federal Tax Credit for Mortgage Interest
Audience:
First-time buyer (3-year rule), qualified veteran, or target area buyer
Feature:
Deduct up to 40% of interest costs, capped at $2,000 annually, for life of loan
Property must remain buyer's primary residence, or Recapture Tax may apply
Property type:
Owner-occupied single-family, townhouse, condo, 1-4 units, some mfd homes
Funds needed:
$725, but $500 waived if used with My First Texas Home mortgage
Income Limits:
Yes, vary by area
Counseling/classes required:
Yes
Purchase price limits:
Yes, vary by area
Downpayment assistance:
N/A
Credit score:
Not declared
Notes:
Can be combined with My First Texas Home program
Utah Homebuyer Assistance Programs
Interested? Get more help, learn details, find participating lenders
Visit
Utah
website
Qualification info Homebuyer classes
Participating lenders Contact for more help
Check current Utah mortgage rates
Program Name:
First Home Loan
Type:
FHA or VA-backed 30-year fixed rate
Audience:
First-time homebuyers, or qualifying single parents and veterans
Feature:
Available DPA Loan, up to 6% of the first loan amount for downpayment and closing costs
Downpayment loan rate is 2% above first mortgage rate
Property type:
Single-family homes, approved condos, PUDs, some manufactured housing
Funds needed:
Not declared
Income Limits:
Yes, vary by area
Counseling/classes required:
No
Purchase price limits:
Yes, vary by area
Downpayment assistance:
Yes, included
Credit score:
660
Program Name:
Home Again Loan
Type:
Purchase mortgage - FHA, VA or Conventional 30-year fixed-rate
Audience:
First-time and repeat homebuyers
Feature:
Available DPA Loan, up to 6% of the first loan amount for downpayment and closing costs
Second downpayment loan rate is 2% above first mortgage rate
Property type:
Single-family homes, approved condos, PUDs, some manufactured housing
Funds needed:
Not declared
Income Limits:
Yes, vary by area
Counseling/classes required:
No
Purchase price limits:
Yes, vary by area
Downpayment assistance:
Yes, included
Credit score:
660
Program Name:
Score Loan
Type:
Purchase mortgage - FHA, VA or Conventional 30-year fixed-rate
Audience:
First-time and repeat homebuyers
Feature:
Up to 4% of the first loan amount available for down payment and closing costs
Second downpayment loan rate is 2% above first mortgage rate
Property type:
Single-family homes, approved condos, PUDs, some manufactured housing
Funds needed:
Not declared
Income Limits:
Yes, vary by area
Counseling/classes required:
Yes
Purchase price limits:
Yes, vary by area
Downpayment assistance:
Yes, included
Credit score:
620
Program Name:
NoMI Loan
Type:
Purchase mortgage - Fannie Mae Conventional 30-year fixed-rate
Audience:
First-time and repeat homebuyers
Feature:
Up to 5% of the first loan amount available for down payment and closing costs
Second downpayment loan rate is 2% above first mortgage rate
Property type:
Single-family homes, approved condos, PUDs (no manufactured housing)
Funds needed:
3% downpayment required
Income Limits:
Yes, vary by area
Counseling/classes required:
Yes
Purchase price limits:
Yes, vary by area
Downpayment assistance:
Yes, included
Credit score:
700
Program Name:
Down Payment Assistance (DPA)
Type:
Second loan is 2% above first lien interest rate
Audience:
Qualifying borrowers with a UHC first mortgage
Feature:
Up to 6%, depending upon loan, toward down payment and closing costs
This lien is due and payable upon sale, transfer or refinance of property
Property type:
Owner-occupied single-family, townhouse, condo, 1-4 units, some mfd homes
Funds needed:
None
Income Limits:
Yes, vary by area
Counseling/classes required:
Not declared
Purchase price limits:
Yes, vary by area
Downpayment assistance:
Yes
Credit score:
Not declared
Virginia Homebuyer Assistance Programs
Interested? Get more help, learn details, find participating lenders
Visit
Virginia
website
Qualification info Homebuyer classes
Participating lenders Contact for more help
Check current Virginia mortgage rates
Program Name:
Fannie Mae HFA Preferred Reduced MI
Type:
Purchase mortgage, conventional 30-year fixed rate
Audience:
First-time and repeat homebuyers
Feature:
Reduced mortgage insurance costs
As low as 1% down with VHDA DPA Grant
Property type:
Single-family homes, approved condos (no manufactured housing)
Funds needed:
None
Income Limits:
Yes, vary by area
Counseling/classes required:
Yes, for first-time homebuyers
Purchase price limits:
Vary by area, but maximum loan amount statewide is $484,350
Downpayment assistance:
Yes, available Down Payment Assistance (DPA) grant
Credit score:
640
Notes:
Eligible for Mortgage Credit Certificate (MCC)
Program Name:
Fannie Mae 97% No Mortgage Insurance
Type:
Purchase or refinance mortgage, conventional 30-year fixed rate
Audience:
First-time and repeat homebuyers, homeowners
Feature:
Optional 2% DPA Down Payment Assistance Grant available
No mortgage insurance required
Property type:
Single-family homes, approved condos (no manufactured housing)
Funds needed:
Not declared
Income Limits:
Yes, vary by area
Counseling/classes required:
Yes, for first-time homebuyers
Purchase price limits:
Vary by area, but maximum loan amount statewide is $484,350
Downpayment assistance:
Yes, available Down Payment Assistance (DPA) grant
Credit score:
660
Notes:
Can be coupled with Mortgage Credit Certificate
Program Name:
FHA
Type:
Purchase mortgage, FHA 30-year fixed rate
Audience:
First-time buyer (3-year rule), or buyer in a target area
Feature:
Property type:
Single-family homes, approved condos
Funds needed:
3.5% down payment, or or as low as 1% down with Down Payment Assistance
Income Limits:
Yes, vary by area
Counseling/classes required:
Yes, for first-time homebuyers
Purchase price limits:
Yes, vary by area
Downpayment assistance:
Yes, included
Credit score:
620 / 680 for additional funds for closing costs
Notes:
Can be coupled with Mortgage Credit Certificate
Program Name:
FHA Plus
Type:
Purchase mortgage, FHA 30-year fixed rate
Audience:
First-time buyer (3-year rule), or buyer in a target area
Feature:
Combined with VHDA Plus Second Mortgage
Property type:
Single-family homes, approved condos
Funds needed:
1% down with Down Payment Assistance
Income Limits:
Yes, vary by area
Counseling/classes required:
Yes, for first-time homebuyers
Purchase price limits:
Yes, vary by area
Downpayment assistance:
Yes, included
Credit score:
680 for additional funds for closing costs
Notes:
Can be coupled with Mortgage Credit Certificate
Program Name:
VA
Type:
Purchase mortgage, VA 30-year fixed rate
Audience:
Veteran first-time buyer (3-year rule), or buyer in a target area
Feature:
Can be coupled with mortgage credit certificate
Property type:
Single-family homes, approved condos
Funds needed:
Typical closing costs
Income Limits:
Yes, vary by area
Counseling/classes required:
Required for all borrowers unless purchasing in a Targeted Area
Purchase price limits:
Yes, vary by area
Downpayment assistance:
None needed - 100% LTV
Credit score:
620
Program Name:
USDA
Type:
Purchase mortgage, 30-year USDA Rural Housing Service fixed-rate loan
Audience:
First-time and repeat homebuyers in "rural" areas
Feature:
100% financing for eligible properties, no down payment needed
Property type:
Single-family homes, approved condos, qualifying manufactured housing
Funds needed:
Not declared
Income Limits:
Yes, vary by area
Counseling/classes required:
Yes, for first-time homebuyers
Purchase price limits:
Yes, vary by area
Downpayment assistance:
None needed - 100% LTV
Credit score:
620
Program Name:
Down Payment Assistance (DPA) Grant
Type:
Downpayment/closing cost grant
Audience:
First-time buyer (3-year rule), or buyer in a target area
Feature:
2% to 2.5% of the loan amount (program dependent)
Outright gift, no repayment
Property type:
Property must meet first mortgage requirements
Funds needed:
1% downpayment is required
Income Limits:
Yes, vary by area
Counseling/classes required:
Yes, for first-time homebuyers
Purchase price limits:
Yes, vary by area
Downpayment assistance:
Yes, this is
Credit score:
Not declared
Program Name:
Mortgage Credit Certificate
Type:
Federal Tax Credit for Mortgage Interest
Audience:
First-time buyer (3-year rule), or buyer in a target area
Feature:
Deduct up to 20% of interest costs, capped at $2,000 annually, for life of loan
Property must remain buyer's primary residence, or Recapture Tax may apply
Property type:
Single-family homes, approved condos (no manufactured housing)
Funds needed:
Not declared
Income Limits:
Yes, vary by area
Counseling/classes required:
Yes, for first-time homebuyers
Purchase price limits:
Yes, vary by area
Downpayment assistance:
N/A
Credit score:
Not declared
Vermont Homebuyer Assistance Programs
Interested? Get more help, learn details, find participating lenders
Visit
Vermont
website
Qualification info Homebuyer classes
Participating lenders Contact for more help
Check current Vermont mortgage rates
Program Name:
MOVE Program
Type:
Purchase mortgage - FHA, VA, USDA or Conventional 30-year fixed-rate
Audience:
First-time buyer (3-year rule), qualified veteran, or target area buyer
Feature:
VHFA's lowest interest rate
Savings of up to $825 on Vermont Property Transfer Tax
Property type:
Single-family homes, approved condos, PUDs (no manufactured housing)
Funds needed:
Customary closing costs
Income Limits:
Yes, vary by area
Counseling/classes required:
Yes
Purchase price limits:
Yes, vary by area
Downpayment assistance:
Available with ASSIST DPA Program
Credit score:
Not declared
Notes:
Can be coupled with Mortgage Credit Certificate (MCC)
Program Name:
Advantage Program
Type:
Purchase mortgage - FHA, VA, USDA or Conventional 30-year fixed-rate
Audience:
First-time and repeat homebuyers
Feature:
Reduced mortgage insurance costs
Savings of up to $825 on Vermont Property Transfer Tax
Property type:
Single-family homes, approved condos, PUDs, some manufactured housing
Funds needed:
Not declared
Income Limits:
Yes, vary by area
Counseling/classes required:
Yes
Purchase price limits:
Yes, vary by area
Downpayment assistance:
Available with ASSIST DPA Program
Credit score:
Not declared
Program Name:
ASSIST Down Payment Assistance (DPA)
Type:
Second mortgage, 0% interest rate, 30-year term, no payments
Audience:
First-time and repeat homebuyers
Feature:
Up to $5,000 towards down payment and closing costs
Loan must be repaid when home is sold, refinanced or paid off
Property type:
Single-family homes, approved condos, PUDs, some manufactured housing
Funds needed:
Not declared
Income Limits:
Yes, vary by area
Counseling/classes required:
Yes
Purchase price limits:
Yes, vary by area
Downpayment assistance:
Yes
Credit score:
Not declared
Notes:
Liquid assets cannot exceed $30,000
Program Name:
Mortgage Credit Certificate
Type:
Federal Tax Credit for Mortgage Interest
Audience:
First-time buyer (3-year rule), qualified veteran, or target area buyer
Feature:
Deduct up to 30% of interest costs, capped at $2,000 annually, for life of loan
Property must remain buyer's primary residence, or Recapture Tax may apply
Property type:
Single-family homes, approved condos, PUDs, some manufactured housing
Funds needed:
$1,000 VHFA MCC Fee, $250 MCC Processing Fee
Income Limits:
Yes, vary by area
Counseling/classes required:
No
Purchase price limits:
Yes, vary by area
Downpayment assistance:
N/A
Credit score:
Not declared
Notes:
Can be combined with MOVE program
Washington Homebuyer Assistance Programs
Interested? Get more help, learn details, find participating lenders
Visit
Washington
website
Qualification info Homebuyer classes
Participating lenders Contact for more help
Check current Washington mortgage rates
Program Name:
Home Advantage Veteran's Downpayment Program
Type:
Second mortgage, 3% interest rate, 30-year term
Audience:
Veterans who are first-time borrowers (3-year rule) or target area buyers
Feature:
Deferred repayment, no monthly payments
Up to $10,000 for downpayment and closing costs
Property type:
Single-family homes, approved condos
Funds needed:
Not declared
Income Limits:
$103,400 King/Snohomish counties; $81,100 elsewhere
Counseling/classes required:
Yes
Purchase price limits:
Not declared
Downpayment assistance:
Yes
Credit score:
Not declared
Notes:
Loan repaid when home sold, refinanced or paid off
Program Name:
House Key Opportunity Program
Type:
Purchase mortgage - FHA, VA, USDA or Conventional 30-year fixed-rate
Audience:
First-time buyer (3-year rule), or buyer in a target area
Feature:
Reduced mortgage interest cost
Property type:
Single-family homes, approved condos, PUDs, eligible manufactured housing
Funds needed:
Not declared
Income Limits:
Yes, vary by area and household size
Counseling/classes required:
Yes
Purchase price limits:
Yes, vary by area and household size
Downpayment assistance:
Available with House Key Opportunity DPA
Credit score:
620
Program Name:
House Key Opportunity Downpayment Assistance Program
Type:
Second mortgage, 1% interest rate, 30-year term
Audience:
First-time buyer (3-year rule), or buyer in a target area
Feature:
Deferred repayment, no monthly payments
Up to $10,000 for down payment and closing costs
Property type:
Single-family homes, approved condos, PUDs, eligible manufactured housing
Funds needed:
Not declared
Income Limits:
Yes, vary by area and household size
Counseling/classes required:
Yes
Purchase price limits:
Yes, vary by area and household size
Downpayment assistance:
Yes
Credit score:
620
Notes:
Due at the time of sale, transfer, refinance, early payoff of 1st mortgage
Program Name:
HomeChoice Downpayment Assistance Loan Program
Type:
Second mortgage, 1% interest rate, 30-year term
Audience:
First-time homebuyer (3-year rule) with disabilites or with disabled family member
Feature:
Deferred repayment
Up to $15,000 for downpayment / closing costs
Property type:
Single-family homes, approved condos, PUDs, eligible manufactured housing
Funds needed:
Not declared
Income Limits:
$103,400 King/Snohomish counties; $81,100 elsewhere
Counseling/classes required:
Yes
Purchase price limits:
Yes, vary by area
Downpayment assistance:
Yes
Credit score:
620
Notes:
Available for Home Advantage and House Key Loans
Program Name:
Home Advantage Program
Type:
Purchase mortgage - FHA, VA, USDA or Conventional 30-year fixed-rate
Audience:
First-time and repeat homebuyers
Feature:
Property type:
Single-family homes, approved condos, PUDs, eligible manufactured housing
Funds needed:
Not declared
Income Limits:
$145,000
Counseling/classes required:
Yes
Purchase price limits:
Not declared
Downpayment assistance:
Available with Home Advantage Downpayment Program (first-time buyer only)
Credit score:
620
Program Name:
Home Advantage Downpayment Program
Type:
Second mortgage, 0% interest rate, 30-year term
Audience:
First-time homebuyer (3-year rule)
Feature:
Deferred repayment, no monthly payments
4% or 5% in down payment and closing cost assistance
Property type:
Single-family homes, approved condos, PUDs, eligible manufactured housing
Funds needed:
Not declared
Income Limits:
$145,000
Counseling/classes required:
Yes
Purchase price limits:
Not declared
Downpayment assistance:
Yes
Credit score:
620
Notes:
Due at the time of sale, transfer, refinance, early payoff of 1st mortgage or 30 years
Program Name:
Home Advantage Needs-Based Downpayment Program
Type:
Second mortgage, 1% interest rate, 30-year term
Audience:
First-time homebuyer (3-year rule)
Feature:
Deferred repayment, no monthly payments
Up to $10,000 for downpayment / closing costs
Property type:
Single-family homes, approved condos
Funds needed:
Not declared
Income Limits:
$103,400 King/Snohomish counties; $81,100 elsewhere (exception for veterans)
Counseling/classes required:
Borrowers must attend a Commission-sponsored homebuyer seminar
Purchase price limits:
Not declared
Downpayment assistance:
Yes
Credit score:
Not declared
Notes:
Loan repaid when home sold, refinanced or paid off
Wisconsin Homebuyer Assistance Programs
Interested? Get more help, learn details, find participating lenders
Visit
Wisconsin
website
Qualification info Homebuyer classes
Participating lenders Contact for more help
Check current Wisconsin mortgage rates
Program Name:
WHEDA Advantage Home Loan
Type:
Purchase mortgage, conventional 30-year fixed rate
Audience:
First-time buyer (3-year rule), qualified veteran, or target area buyer
Feature:
Lowest monthly mortgage payments
Property type:
Single-family homes, 2-4 units, approved condos and manufactured homes
Funds needed:
3% minimum borrower contribution is required for 2-4 unit properties
Income Limits:
Yes, vary by area
Counseling/classes required:
Yes, for first-time homebuyers
Purchase price limits:
Yes, vary by area
Downpayment assistance:
Available with Capital Access or Easy Close programs, as below
Credit score:
620
Program Name:
First-Time Home Buyer Advantage
Type:
Purchase mortgage, conventional 30-year fixed rate
Audience:
First-time buyer (3-year rule), qualified veteran, or target area buyer
Feature:
Below market interest rate
Property type:
Single-family homes, 2-4 units, approved condos and manufactured homes
Funds needed:
Not declared
Income Limits:
Yes, vary by area
Counseling/classes required:
Yes
Purchase price limits:
Yes, vary by area
Downpayment assistance:
Available with Capital Access or Easy Close programs, as below
Credit score:
620
Program Name:
Veteran's Affordable Loan Opportunity Rate (VALOR)
Type:
Purchase mortgage, conventional 30-year fixed rate
Audience:
Military veteran with an honorable discharge or release
Feature:
Reduced interest rate
Property type:
Single-family homes, 2-4 units, approved condos and manufactured homes
Funds needed:
Not declared
Income Limits:
Yes, vary by area
Counseling/classes required:
Yes, for first-time homebuyers
Purchase price limits:
Yes, vary by area
Downpayment assistance:
Not declared
Credit score:
620
Notes:
Mortgage Credit Certificate (MCC) is not available with this loan
Program Name:
Capital Access Advantage Down Payment Assistance
Type:
Second mortgage, 0% interest rate, 30-year term
Audience:
First-time buyer (3-year rule), qualified veteran, or target area buyer
Feature:
Up to $3,050 for down payment and closing costs, payments deferred
Must be paired with WHEDA first mortgage
Property type:
Single-family homes, 2-4 units, approved condos and manufactured homes
Funds needed:
$30 mortgage recording fee
Income Limits:
Yes, vary by county and family size
Counseling/classes required:
Yes
Purchase price limits:
Yes, vary by area
Downpayment assistance:
Yes
Credit score:
620
Notes:
Loan repaid when home sold, refinanced or paid off
Program Name:
Easy Close Down Payment Assistance
Type:
Second mortgage, 10-year term, up to $3,500 (depending upon loan type)
Audience:
First-time buyer (3-year rule), qualified veteran, or target area buyer
Feature:
Up to 3.5% of purchase price for downpayment and closing costs, $1,000 minimum
Interest rate same as first mortgage
Property type:
Single-family homes, 2-4 units, approved condos and manufactured homes
Funds needed:
$30 mortgage recording fee
Income Limits:
Yes, vary by area
Counseling/classes required:
Yes
Purchase price limits:
Yes, vary by area
Downpayment assistance:
Yes
Credit score:
620
Program Name:
WHEDA Tax Advantage (MCC)
Type:
Federal Tax Credit for Mortgage Interest
Audience:
First-time buyer (3-year rule), qualified veteran, or target area buyer
Feature:
Deduct up to 40% of interest costs, capped at $2,000 annually, for life of loan
Property must remain buyer's primary residence, or Recapture Tax may apply
Property type:
Single-family homes, 2-4 units, approved condos and manufactured homes
Funds needed:
Not declared
Income Limits:
Yes, vary by area
Counseling/classes required:
Yes
Purchase price limits:
Yes, vary by area
Downpayment assistance:
N/A
Credit score:
Not declared
West Virginia Homebuyer Assistance Programs
Interested? Get more help, learn details, find participating lenders
Visit
West Virginia
website
Qualification info Homebuyer classes
Participating lenders Contact for more help
Check current West Virginia mortgage rates
Program Name:
Homeownership Program
Type:
Purchase mortgage - FHA, VA, USDA or Conventional 30-year fixed-rate
Audience:
First-time buyer (3-year rule), qualified veteran, or target area buyer
Feature:
Up to 100% financing available
Property type:
Single-family homes, approved condos, townhomes, PUDs
Funds needed:
Not declared
Income Limits:
Yes, vary by area
Counseling/classes required:
Required for conventional loans only
Purchase price limits:
Yes, vary by area
Downpayment assistance:
Available with Homeownership DPA
Credit score:
Not declared
Program Name:
Homeownership Down Payment Assistance
Type:
Second mortgage, 2% interest rate, 15-year term
Audience:
First-time buyer (3-year rule), qualified veteran, or target area buyer
Feature:
$7,500 for loans with less than a 10% down payment
$10,000 for loans with more than a 10% down payment
Property type:
Single-family homes, approved condos, townhomes, PUDs
Funds needed:
Not declared
Income Limits:
Yes, vary by area
Counseling/classes required:
Yes
Purchase price limits:
Yes, vary by area
Downpayment assistance:
Yes
Credit score:
Not declared
Program Name:
Movin' Up Loan Program
Type:
Purchase mortgage - FHA, VA, USDA or Conventional 30-year fixed-rate
Audience:
First-time and repeat homebuyers
Feature:
Property type:
Single-family homes, approved condos, townhomes, PUDs, eligible mfd housing
Funds needed:
Not declared
Income Limits:
$113,760 for up to 2 person household; $132,720 for 3 or more
Counseling/classes required:
Required for conventional loans only
Purchase price limits:
Yes, vary by area
Downpayment assistance:
Yes, as below
Credit score:
Not declared
Notes:
Qualifying income includes those signing the Note and/or taking title to property
Program Name:
Movin' Up Down Payment Assistance
Type:
Second mortgage, 2% interest rate, 15-year term
Audience:
First-time and repeat homebuyers
Feature:
$5,000 for loans with less than a 10% down payment
$8,000 for loans with more than a 10% down payment
Property type:
Single-family homes, approved condos, townhomes, PUDs, eligible mfd housing
Funds needed:
Not declared
Income Limits:
Yes, vary by area
Counseling/classes required:
Yes
Purchase price limits:
Yes, vary by area
Downpayment assistance:
N/A
Credit score:
Not declared
Wyoming Homebuyer Assistance Programs
Interested? Get more help, learn details, find participating lenders
Visit
Wyoming
website
Qualification info Homebuyer classes
Participating lenders Contact for more help
Check current Wyoming mortgage rates
Program Name:
First-Time Home Buyer Program
Type:
Purchase mortgage - FHA, VA or USDA-backed 30-year fixed-rate
Audience:
First-time buyer (3-year rule), qualified veteran, or target area buyer
Feature:
Veteran and active military can receive "military preference" interest rate reduction
Property type:
Single-family homes, approved condos, townhomes, eligible manufactured housing
Funds needed:
Not declared
Income Limits:
Yes, vary by area
Counseling/classes required:
Yes, for first-time homebuyers
Purchase price limits:
Yes, vary by area
Downpayment assistance:
Available with Home$tretch Down Payment Assistance
Credit score:
620
Notes:
May be subject to Federal Recapture Tax
Program Name:
Spruce Up Program
Type:
Combined Purchase and Rehabilitation mortgage
Audience:
First-time buyer (3-year rule), qualified veteran, or target area buyer
Feature:
Purchase mortgage - FHA, VA or USDA-backed 30-year fixed-rate
Up to $35,000 for upgrades and renovations
Property type:
Single-family homes, approved condos, townhomes, eligible manufactured housing
Funds needed:
Not declared
Income Limits:
Yes, vary by area
Counseling/classes required:
Yes, for first-time homebuyers
Purchase price limits:
Yes, vary by area
Downpayment assistance:
Available with Home$tretch Down Payment Assistance
Credit score:
620
Program Name:
WCDA Advantage
Type:
Purchase or refinance mortgage, FHA, VA or USDA 30-year fixed-rate
Audience:
First-time and repeat homebuyers
Feature:
Property type:
Single-family homes, approved condos, townhomes (no manufactured housing)
Funds needed:
Not declared
Income Limits:
$110,000 statewide, all family sizes
Counseling/classes required:
Yes, for first-time homebuyers
Purchase price limits:
None, but max loan amount is currently $484,350 for single-family homes
Downpayment assistance:
Available with Amortizing DPA Loan
Credit score:
620
Notes:
Mortgage Credit Certificate (MCC) is available with this program
Program Name:
HFA Preferred
Type:
Purchase or refinance mortgage, Conventional 30-year fixed rate
Audience:
First-time and repeat homebuyers
Feature:
Low cost mortgage insurance
Property type:
Single-family homes, approved condos, townhomes, eligible manufactured housing
Funds needed:
Not declared
Income Limits:
Yes, vary by area
Counseling/classes required:
Yes, for first-time homebuyers
Purchase price limits:
None, but max loan amount is currently $484,350 for single-family homes
Downpayment assistance:
Available with Amortizing DPA Loan
Credit score:
620
Notes:
Mortgage Credit Certificate (MCC) is available with this program
Program Name:
Home$tretch Down Payment Assistance (DPA) loan
Type:
Second mortgage, 0% or 0.08% interest rate, 30-year term
Audience:
First-time buyer (3-year rule), qualified veteran, or target area buyer
Feature:
Up to $10,000 loan amount, deferred repayment
Must be owner-occupied as principal residence until the first note and DPA note are paid in full
Property type:
Single-family homes, approved condos, townhomes, eligible manufactured housing
Funds needed:
$1,500 minimum borrower contribution (may be a gift)
Income Limits:
Yes, vary by area
Counseling/classes required:
Yes, for first-time homebuyers
Purchase price limits:
Yes, vary by area
Downpayment assistance:
Yes
Credit score:
620
Notes:
Due upon sale of the home, refinance or 30 year maturity
Program Name:
Amortizing Down Payment Assistance (DPA) Loan
Type:
Second mortgage, 10-year term, market-based interest rate
Audience:
First-time and repeat homebuyers
Feature:
Up to $10,000 loan for down payment and closing costs
Property type:
Single-family homes, approved condos, townhomes (no manufactured housing)
Funds needed:
$1,500 minimum borrower contribution
Income Limits:
Yes, vary by area
Counseling/classes required:
Yes, for first-time homebuyers
Purchase price limits:
Yes, vary by area
Downpayment assistance:
Yes
Credit score:
620
Notes:
Available for Advantage and HFA Preferred products only
Program Name:
Mortgage Credit Certificate
Type:
Federal Tax Credit for Mortgage Interest
Audience:
First-time buyer (3-year rule), qualified veteran, or target area buyer
Feature:
Deduct interest costs, capped at $2,000 annually, for life of loan
Property must remain buyer's primary residence, or Recapture Tax may apply
Property type:
Single-family homes, approved condos, townhomes, eligible manufactured housing
Funds needed:
Not declared
Income Limits:
Yes, vary by area
Counseling/classes required:
Yes
Purchase price limits:
Yes, vary by area
Downpayment assistance:
N/A
Credit score:
620
Notes:
MCC may be used with HFA Preferred and Advantage programs only

Comments

  1. Nat'e hall April 20, 2019 1:14 pm

    Need info on how to apply for a Homestead down payment &closing cost assistance loan.

      Reply»  
  2. janet coleman March 26, 2019 4:03 pm

    I am looking for a grant for 1st time home buyer

      Reply»  
  3. Erin Tuck March 20, 2019 1:26 am

    I live in Canandaigua NY and I'm just wondering what the process is and how I get started in one of the first time home buyers classes. Are there any offered in my area? Thanks!

      Reply»  
  4. Brenda steele January 23, 2019 6:48 pm

    Trying to get and home for my son and I. Your information is very helpful. Just need a nice home for family.

      Reply»  
  5. Herbert January 21, 2019 5:40 pm

    Recently, I purchased my first home in Virginia, and outside of mortgage interest, I am researching what I need to have prepared for my tax accountant in order to file.

      Reply»  
  6. Tinishia Talley December 31, 2018 2:58 am

    I'm interested in the first time home buyers program yes I already have a Realtor helping me I just know it's better to go through a first time home buyers program when you are trying to buy your first home

      Reply»  
  7. Joana December 18, 2018 7:54 pm

    Do I have to be a Resident of AZ to buy and apply for resident assistant down payment program?

      Reply»  
    1. Editorial Team January 03, 2019 7:22 pm

      It does not appear that have to be a resident BEFORE you purchase a property in AZ, but you might contact the AZ Department of Housing for clarification.

        Reply »  
  8. Darlena carter November 08, 2018 6:15 pm

    I wanted to know if there%u2019s a grant for a first time home my daughter bought 5 yrs ago

      Reply»  
  9. Diana October 23, 2018 10:58 pm

    Wondering if there's any downpayment help out there?

      Reply»  
  10. Gina burkes September 23, 2018 7:18 pm

    Looking for a grant program to buy a home

      Reply»  

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Visit your state’s housing website to learn more

Please remember that HSH.com is not a mortgage lender and does not administer these programs – you'll need to visit your state's housing website to learn more about these programs and to contact a participating lender to learn how to apply. To locate your state's housing website, first click on your state, then locate the green-topped box of resources for the link for your state, qualification info, access to lenders and contact info. Good luck!
 
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