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Home buyer programs by state | 2019

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.

Alaska Homebuyer Assistance Programs

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
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
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
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
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
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
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

Alabama Homebuyer Assistance Programs

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
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
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
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

Arkansas Homebuyer Assistance Programs

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
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
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
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

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

California Homebuyer Assistance Programs

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
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
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
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
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
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
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
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
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
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

Colorado Homebuyer Assistance Programs

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
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
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
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
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
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
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

Connecticut Homebuyer Assistance Programs

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
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
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
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
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
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
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
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
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

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
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
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
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

Delaware Homebuyer Assistance Programs

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
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
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
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

Florida Homebuyer Assistance Programs

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
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
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
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
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
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

Georgia Homebuyer Assistance Programs

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
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
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
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

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
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

Iowa Homebuyer Assistance Programs

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
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
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
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

Idaho Homebuyer Assistance Programs

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
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
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
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
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

Illinois Homebuyer Assistance Programs

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
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
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
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
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

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
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
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
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
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
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
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

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

Kentucky Homebuyer Assistance Programs

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
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
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
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

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
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
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
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
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
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
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

Massachusetts Homebuyer Assistance Programs

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
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
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
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
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
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

Maryland Homebuyer Assistance Programs

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
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
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
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
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
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
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

Maine Homebuyer Assistance Programs

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
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
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
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
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

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)
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
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)
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)
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

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
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
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
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

Missouri Homebuyer Assistance Programs

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
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
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
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

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
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
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
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
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

Montana Homebuyer Assistance Programs

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
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
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
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
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
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
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
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
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

North Carolina Homebuyer Assistance Programs

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
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
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

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
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
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
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
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
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

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
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
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

New Hampshire Homebuyer Assistance Programs

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
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
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
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
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
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
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

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
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
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

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
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
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
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

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
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
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
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

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
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
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
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
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
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
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
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

Ohio Homebuyer Assistance Programs

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
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
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
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
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
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
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
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

Oklahoma Homebuyer Assistance Programs

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
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
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
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

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
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

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
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
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
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
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
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
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
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
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
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

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
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
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
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
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
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
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
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

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
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
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
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
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

South Dakota Homebuyer Assistance Programs

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
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
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
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
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
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
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