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It's a question almost everyone is asking: "Should I refinance my mortgage?" If so, what's the best way to pay for my mortgage refinance

It's a question almost everyone is asking: "Should I refinance my mortgage?" If so, what's the best way to pay for my mortgage refinance

Home buyer programs by state

State-by-state home buyer programs

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

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

Alaska Homebuyer Assistance Programs

First Home Limited
Type: Purchase mortgage, down-payment assistance
Audience: First-time homebuyers (3-year rule), repeat buyers in target areas, veterans
Feature:
Property Type: Single-family homes, approved condos, duplexes, common interest units and Type I mfd homes
Funds Needed: Not declared
Income Limits: Yes, vary by area
Counseling/Classes Required: Borrowers are required to read the tax-exempt booklet
Purchase Price Limits: Yes, vary by area
Downpayment assistance: Yes, with the Affordable Housing Enhanced Loan Program
Credit score: Not declared
First Home
Type: Purchase mortgage, down-payment assistance
Audience: First-time homebuyer (3-year rule)
Feature: Reduced interest rates, down-payment assistance, no acquisition cost limits
Options for energy-efficient loans, veterans assistance
Property Type: Single-family homes, approved condos, duplexes, common interest units and Type I mfd homes
Funds Needed: Not declared
Income Limits: No
Counseling/Classes Required: No
Purchase Price Limits: Not declared
Downpayment assistance: Yes, with The Affordable Housing Enhanced Loan Program
Credit score: Not declared
Second mortgage Loan
Type: Second mortgage, up to 15 years for home purchase, improvements or energy efficiency
Audience: New home buyers or borrowers with an existing 1st Alaska Housing loan
Feature: With appraisal, maximum loan amount $318,075, otherwise $100,000.
Energy efficiency rate reduction available if home improvements qualify.
Property Type: Single-family homes, approved condos, duplexes, common interest units and Type I mfd homes
Funds Needed: Not declared
Income Limits: Not declared
Counseling/Classes Required: No
Purchase Price Limits: Not declared
Downpayment assistance: No
Credit score: Not declared
Alaska Housing Second mortgage Loan for Energy Conservation
Type: Second mortgage for energy efficiency improvements
Audience: Borrowers making improvements to owner-occupied property
Feature: The maximum loan amount is $30,000. The maximum loan term is 15 years.
Energy audit performed by an AKWarm-certified Energy Rater.
Property Type: Single-family homes, approved condos, duplexes, common interest units and Type I mfd homes
Funds Needed: Not declared
Income Limits: Not declared
Counseling/Classes Required: No
Purchase Price Limits: N/A
Downpayment assistance: No
Credit score: Not declared
Streamline Refinance Program for Alaska Housing Loans
Type: Refinance mortgage
Audience: Current Alaska Housing (AHFC) mortgage holders who are current on their payments
Feature: No cash back except for documented pre-paid closing costs
No appraisal or credit package required
Property Type: Single-family homes, approved condos, duplexes, common interest units and Type I mfd homes
Funds Needed: Not declared
Income Limits: Not declared
Counseling/Classes Required: No
Purchase Price Limits: Not declared
Downpayment assistance: No
Credit score: Not declared
Refinance Program for non-Alaska Housing Loans
Type: Refinance existing mortgage; home improvement option
Audience: Homeowners refinancing and/or obtain funds for home improvements
Feature: No cash back except for documented pre-paid closing costs
Energy efficiency rate reduction available if home improvements qualify
Property Type: Single-family homes, approved condos, duplexes, common interest units and Type I mfd homes
Funds Needed: Not declared
Income Limits: Not declared
Counseling/Classes Required: No
Purchase Price Limits: Not declared
Downpayment assistance: No
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: Provides up to 4% of original balance of mortgage for downpayment and closing costs
Refinance loans are not permitted
Property Type: Owner-occupied, single family homes
Funds Needed: Not declared
Income Limits: No
Counseling/Classes Required: Not declared
Purchase Price Limits: No
Downpayment assistance: Included in this program
Credit score: 640
Manufactured Home Loan
Type: Purchase mortgage, new single-wide units 10-year term; existing units 7-year term
Audience: Homebuyers purchasing Type II manufactured housing (no permanent foundation) in a park or on land
Feature: New double-wide units may be financed for 14 years (existing units 10 years).
Requires a 15% down payment unless guaranteed by VA.
Property Type: New or existing Type II (no permanent foundation) manufactured homes
Funds Needed: 15% down unless VA-eligible
Income Limits: No
Counseling/Classes Required: Not declared
Purchase Price Limits: Max loan of $175,000 for mfd housing on land; $100K for all other Type II units
Downpayment assistance: No
Credit score: Not declared
Veterans Program
Type: Purchase or refinance mortgage; several loan programs available
Audience: Qualified veterans with U.S. armed forces, reserves, public health service, NOAA, academy cadets
Feature: 1% rate reduction on the first $50,000 of the loan amount if "State Vet" income limits met
Must apply within 25 yrs of discharge; Possible exemption under First Home Limited
Property Type: Owner-occupied, single-family residences and some 2-4 unit properties (restrictions apply)
Funds Needed: Not declared
Income Limits: Not declared
Counseling/Classes Required: No
Purchase Price Limits: Not declared
Downpayment assistance: Yes, available to qualified borrowers
Credit score: Not declared

Alabama Homebuyer Assistance Programs

Step Up Program
Type: Purchase mortgage, 30-year fixed-rate, conventional or FHA with 10-year second mortgage
Audience: First-time and repeat moderate-income home buyers
Feature: 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
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% or 0.50% of the loan amount
Available with HFA (Housing Finance Authority) 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, homebuyers must complete a homeownership education course
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 homebuyer (3-year rule), or buyer in a target area
Feature: Dollar-for-dollar income tax credit of up to 50% of interest costs, capped at $2,000 annually
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: Can be combined with downpayment assistance
Credit score: 620

Arkansas Homebuyer Assistance Programs

ADFA Move-Up Loan Program
Type: Purchase mortgage, FHA, VA, USDA-RD or Conventional 30-year fixed-rate
Audience: First-time and repeat homebuyers
Feature: 30-year fixed-rate with no prepayment penalty
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: 10-year Second mortgage from $1,000 to $10,000 for downpayment and/or closing costs
Audience: First-time and repeat homebuyers
Feature: Requires a 30-year fixed ADFA Move-Up Loan, and carries the same interest rate.
Cash back to the borrowers is allowed for expenses "paid outside of closing" (POC).
Property Type: Owner-occupied single-family homes
Funds Needed: Not declared
Income Limits: Not declared
Counseling/Classes Required: Yes, for some borrowers
Purchase Price Limits: $424,100
Downpayment assistance: Yes
Credit score: Not declared
Arkansas Dream Down Payment Initiative (ADDI)
Type: Second mortgage loan for downpayment, up to 10% of the purchase price, $10,000 max
Audience: First-time and repeat homebuyers
Feature: No monthly payments required, and 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: Low to moderate-income First-time homebuyer (3-year rule), veteran or spouse, target area buyer
Feature: Income tax credit of up to 50% of interest costs, capped at $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: $0 fee for "Move-up" or "Move-up Choice" program, 0.5% fee with other loans
Income Limits: Yes, vary by county
Counseling/Classes Required: No
Purchase Price Limits: $270,000
Downpayment assistance: Can be combined with downpayment assistance
Credit score: Not declared

Arizona Homebuyer Assistance Programs

Home Plus
Type: Purchase mortgage, 30-year fixed-rate with downpayment and closing cost assistance
Audience: First-time and repeat homebuyers (some restrictions for repeat buyers)
Feature: Assistance of up to 5% of mortgage amount as 0% interest, no payment, deferred second mortgage
Two terms available: Forgiven after 3 years or life-of-loan with no forgiveness
Property Type: Single-family, townhomes, condos, manufactured homes and 2-unit properties
Funds Needed: 50% Debt to Income Ratio (45% for FHA, Manufactured, VA and USDA loans)
Income Limits: $105,291 maximum, varies by county and loan type
Counseling/Classes Required: Yes
Purchase Price Limits: Not declared
Downpayment assistance: Yes, up to 5% of mortgage amount, depending upon loan
Credit score: 640 (680 for FHA manufactured home loan)

California Homebuyer Assistance Programs

CalHFA Conventional Program
Type: Purchase mortgage, conventional 30-year fixed-rate
Audience: First-time and repeat homebuyers meeting income limits
Feature: Interest rates will vary based on your financial circumstances, lender fees, etc.
Property Type: Owner-occupied 1-unit home, approved condos/PUDs, manufactured housing (see Notes)
Funds Needed: Max. 43% or 45% debt-to-income ratio
Income Limits: Yes, vary by area
Counseling/Classes Required: Yes
Purchase Price Limits: $795,000 statewide
Downpayment assistance: Available with other programs
Credit score: 640 (660 for manufactured homes)
CalPlus Conventional Program
Type: Purchase mortgage, 30-year fixed-rate conventional with Zero Interest Program for closing costs
Audience: First-time and repeat homebuyers meeting income limits
Feature: Interest rate on first mortgage is slightly higher than the CalHFA Conventional loan
Property Type: Owner-occupied 1-unit home, approved condos/PUDs, manufactured housing (see Notes)
Funds Needed: Max. 43% or 45% debt-to-income ratio
Income Limits: Yes, vary by area
Counseling/Classes Required: Yes
Purchase Price Limits: $795,000
Downpayment assistance: Available with other programs
Credit score: 640 (660 for manufactured homes)
CalHFA FHA Loan Program
Type: Purchase mortgage, FHA 30-year fixed-rate
Audience: First-time and repeat homebuyers meeting income limits
Feature: Interest rates will vary based on your financial circumstances, lender fees, etc
Property Type: Owner-occupied 1-unit home, approved condos/PUDs, manufactured housing (see Notes)
Funds Needed: Max. 43% or 45% debt-to-income ratio
Income Limits: Yes, vary by area
Counseling/Classes Required: Yes
Purchase Price Limits: $795,000
Downpayment assistance: Available with other programs
Credit score: 640 (660 for manufactured homes)
CalPlus FHA Loan Program
Type: Purchase mortgage, 30-Year fixed FHA, with a Zero Interest Program loan for closing costs
Audience: First-time and repeat homebuyers meeting income limits
Feature: Interest rate on first mortgage is slightly higher than the standard conventional loan program
Property Type: Owner-occupied 1-unit home, approved condos/PUDs, manufactured housing (see Notes)
Funds Needed: Max. 43% or 45% debt-to-income ratio
Income Limits: Yes, vary by area
Counseling/Classes Required: Yes
Purchase Price Limits: $795,000
Downpayment assistance: Available with other programs
Credit score: 640 (660 for manufactured homes)
CalHFA VA Loan Program
Type: Purchase mortgage, 30-Year fixed VA with 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: Owner-occupied 1-unit home, approved condos/PUDs, manufactured housing (see Notes)
Funds Needed: Max. 45% debt-to-income ratio
Income Limits: Yes, vary by area
Counseling/Classes Required: Yes
Purchase Price Limits: $795,000
Downpayment assistance: N/A
Credit score: 640
Cal EEM+ Grant Program (Energy Efficiency Mortgage)
Type: Purchase mortgage, 30-year fixed combination FHA-backed mortgage with Energy Efficiency Grant
Audience: First-time and repeat homebuyers meeting income limits
Feature: The EEM Grant is for up to 4% of the first mortgage total loan amount
Funds can be used for insulating, updating windows and doors, furnace, A/C, etc
Property Type: Owner-occupied 1-unit home, approved condos/PUDs, manufactured housing (see Notes)
Funds Needed: Max. 43% or 45% debt-to-income ratio
Income Limits: Yes, vary by area
Counseling/Classes Required: Yes
Purchase Price Limits: $795,000
Downpayment assistance: Can be combined with MyHome or School Programs
Credit score: 640 (660 for manufactured homes)
MyHome Assistance Program
Type: Second mortgage, to be used for down payment and/or closing costs
Audience: First-time homebuyer (3-year rule) or has been affected by a qualifying CA natural disaster
Feature: Loan amount based 3% or 3.5% of price or appraised value, whichever is less
Available on CalHFA first mortgage only. Payment deferred until home sold, refinanced or paid off
Property Type: Owner-occupied 1-unit home, approved condos/PUDs, manufactured housing (see Notes)
Funds Needed: Max. 43% or 45% debt-to-income ratio
Income Limits: Yes, vary by area
Counseling/Classes Required: Yes
Purchase Price Limits: $795,000
Downpayment assistance: Yes, this is
Credit score: 660
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, unless affected by a CA natural disaster) working in CA schools
Feature: Must be employed in a CA K-12 public school, charter school, or county/continuation school
Property Type: Owner-occupied 1-unit home, approved condos/PUDs, manufactured housing (see Notes)
Funds Needed: Max. 45% debt-to-income ratio
Income Limits: Yes, vary by area
Counseling/Classes Required: Yes
Purchase Price Limits: $795,000
Downpayment assistance: Yes
Credit score: 640
CalHFA Zero Interest Program (ZIP)
Type: Second or third mortgage, 0% interest rate
Audience: First-time homebuyer (3-year rule) or has been affected by a qualifying CA natural disaster
Feature: Available only with CalPlus HFA program. Requires no regular monthly payments.
Property Type: Owner-occupied 1-unit home, approved condos/PUDs, manufactured housing (see Notes)
Funds Needed: Max. 43% or 45% debt-to-income ratio
Income Limits: Yes, vary by area
Counseling/Classes Required: Yes
Purchase Price Limits: $795,000
Downpayment assistance: Available with other programs
Credit score: 660
Mortgage Credit Certificate Program
Type: Federal Tax Credit for Mortgage Interest
Audience: First-time homebuyer (3-year rule), qualified veteran, or target area buyer
Feature: Deduct up to 20% of interest cost annually, for life of loan, not to exceed tax liability
Property must remain buyer's primary residence, or Recapture Tax may apply
Property Type: Owner-occupied 1-unit home, approved condos/PUDs, manufactured housing (see Notes)
Funds Needed: Max. 43% or 45% debt-to-income ratio
Income Limits: Yes, vary by area
Counseling/Classes Required: Yes
Purchase Price Limits: $795,000
Downpayment assistance: N/A
Credit score: 640 (660 for manufactured homes)

Colorado Homebuyer Assistance Programs

CHFA Preferred / CHFA Preferred Plus
Type: Purchase mortgage, conventional 30-year fixed-rate
Audience: First-time and repeat homebuyers
Feature: Plus: Optional second mortgage of up to 4% of price. 0% interest, no monthly payments, no accrued interest.
Second mortgage full amount due at time of sale or refinance
Property Type: Owner-occupied 1-family homes, approved condos, PUDs, manufactured housing with foundation
Funds Needed: $1000 minimum financial contribution (may be a gift)
Income Limits: Yes, vary by county
Counseling/Classes Required: Yes
Purchase Price Limits: None
Downpayment assistance: Yes, included as Second mortgage with CHFA Preferred Plus program
Credit score: 620
CHFA Preferred Purchase Very Low Income (VLIP)
Type: Purchase mortgage, conventional 30-year fixed-rate with optional 0% silent second mortgage
Audience: First-time and repeat homebuyers
Feature: Optional second mortgage of up to 4% of price. 0% interest, no monthly payments, no accrued interest.
Second mortgage full amount due at time of sale or refinance
Property Type: Owner-occupied single-family homes, approved condos, PUDs (no manufactured housing)
Funds Needed: $1000 minimum financial contribution (may be a gift)
Income Limits: Yes, vary by county
Counseling/Classes Required: Yes
Purchase Price Limits: None
Downpayment assistance: Yes, option available with this loan
Credit score: 620
CHFA FirstStep / CHFA FirstStep Plus
Type: Purchase mortgage, FHA 30-year fixed-rate, with optional 0% silent Second mortgage
Audience: First-time homebuyer (3-year rule), qualified veteran, or target area buyer
Feature: Plus: Optional second mortgage of up to 4% of price. 0% interest, no monthly payments, no accrued interest.
Second mortgage full amount due at time of sale or refinance
Property Type: Owner-occupied 1-family homes, approved condos, PUDs, manufactured housing with foundation
Funds Needed: $1000 minimum financial contribution (may be a gift)
Income Limits: Yes, vary by area
Counseling/Classes Required: Yes
Purchase Price Limits: Not declared
Downpayment assistance: Yes, optional Second mortgage available with Plus loan
Credit score: 620
CHFA SmartStep / CHFA SmartStep Plus
Type: Purchase mortgage, 30-year fixed-rate FHA, FHA203k, VA,, USDA
Audience: First-time and repeat homebuyers
Feature: Plus program: Non-repayable grant for up to 3% of price, or second mortgage for up to 4%
Second mortgage full amount due at time of sale or refinance
Property Type: Owner-occupied 1-family homes, approved condos, PUDs, manufactured housing with foundation
Funds Needed: $1000 minimum financial contribution (may be a gift)
Income Limits: $120,100
Counseling/Classes Required: Yes
Purchase Price Limits: Not declared
Downpayment assistance: Yes, optional grant or Second mortgage available with Plus loan
Credit score: 620
CHFA HomeAccess / CHFA HomeAccess Plus
Type: Purchase mortgage, 30-year fixed-rate with optional second mortgage for up to $25,000
Audience: First-time homebuyer, qualified veteran, those with/or parent of child who has a permanent disability
Feature: 2nd has 0% interest rate, maximum 485-mo term, monthly payments of $200/month starting in month 361.
Loans may be subject to Federal recapture tax
Property Type: Owner-occupied 1-family homes, approved condos, PUDs, manufactured housing with foundation
Funds Needed: $500 if electronic payments selected, otherwise $750 if not selected
Income Limits: Yes, vary by county
Counseling/Classes Required: Yes
Purchase Price Limits: None, but loan limit $510,400
Downpayment assistance: Yes, optional Second mortgage available with Plus loan
Credit score: 620
CHFA Streamline Refinance
Type: Refinance mortgage, 30-year CHFA-to-CHFA refinance only
Audience: Restricted to current CHFA FHA loan holders
Feature: Non-repayable premiums to offset borrower closing costs and prepaids up to 3% of the first mortgage loan.
Maximum loan amount is currently $510,400
Property Type: Owner-occupied 1-family homes, approved condos, PUDs, manufactured housing with foundation
Funds Needed: None
Income Limits: None
Counseling/Classes Required: No
Purchase Price Limits: None
Downpayment assistance: N/A
Credit score: No credit score requirement
CHFA SectionEight Homeownership / and SectionEight Plus
Type: Purchase mortgage, 30-year fixed-rate
Audience: First-time homebuyers (3-year rule) or qualified veterans, receiving Section 8 assistance
Feature: Plus: Optional non-repayable grant for up to 3% of the purchase price, or second mortgage for up to 4%
Second mortgage full amount due at time of sale or refinance
Property Type: Owner-occupied 1-family homes, approved condos, PUDs, manufactured housing with foundation
Funds Needed: $500 if electronic payments selected, otherwise $750 if not selected
Income Limits: Statewide income limit of $120,100
Counseling/Classes Required: Yes
Purchase Price Limits: Not declared
Downpayment assistance: Grant or DPA second mortgage available
Credit score: 620 or higher for all scored borrowers

Connecticut Homebuyer Assistance Programs

Homebuyer Mortgage Program
Type: Purchase mortgage, 30-year fixed-rate
Audience: First-time homebuyer (3-year rule), or buyer in a target area
Feature: Below-market interest rate
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: Yes, minimum $3,000 if you qualify for supplemental DAP loan
Credit score: Not declared
Dowpayment Assistance Program (DAP)
Type: Second mortgage for downpayment costs
Audience: First-time homebuyer (3-year rule), or buyer in a target area
Feature: DAP loan must be at least $3,000, but not than payment required, usually 3% or 3.50%
Borrower can retain up to $10,000 liquid assets; some waivers may apply
Property Type: Owner-occupied single-family home, townhouse, approved condo, some 2-4 unit homes
Funds Needed: $200 fee
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: Purchase mortgage, 30-year fixed-rate
Audience: First-time homebuyer (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 (no 2-4 unit homes allowed)
Funds Needed: Not declared
Income Limits: Yes, vary by area
Counseling/Classes Required: Yes
Purchase Price Limits: Yes, vary by area
Downpayment assistance: Yes, minimum $3,000 if you qualify for supplemental DAP loan
Credit score: Not declared
HFA Preferred
Type: Purchase mortgage, 30-year fixed-rate
Audience: First-time homebuyer (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: Yes, minimum $3,000 if you qualify for supplemental DAP loan
Credit score: Not declared
Military Homeownership Programs
Type: Purchase mortgage, 30-year fixed-rate
Audience: Qualifying veterans, surviving spouses and civil union partners
Feature: Additional 0.125% discount on published interest rates
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: Yes, minimum $3,000 if you qualify for supplemental DAP loan
Credit score: Not declared
Teacher's Mortgage Assistance Program
Type: Purchase mortgage, 30-year fixed-rate with below-market interest rate
Audience: Qualifying teachers who are a first-time homebuyer, or buyer in a target area
Feature: Additional 0.125% off already below-market interest rate loans (conditions apply)
No asset limit requirements
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: Yes, minimum $3,000 if you qualify for supplemental DAP loan
Credit score: Not declared
Police Homeownership Program
Type: Purchase mortgage, 30-year fixed-rate with below-market interest rate
Audience: First-time homebuyer who is a state or municipal police officer purchasing in a participating town
Feature: Additional 0.125% off already below-market interest rate loans (conditions apply)
No asset limit requirements
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: Yes, minimum $3,000 if you qualify for supplemental DAP loan
Credit score: Not declared
Disabled Persons Homeownership Program
Type: Purchase mortgage, 30-year fixed-rate with below-market interest rate
Audience: First-time homebuyer (3-year rule) with disability or has disabled family member in residence
Feature: Additional 0.125% off already below-market interest rate loans (conditions apply)
Property Type: Owner-occupied single-family home, townhouse, approved condo, PUDs, 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: Yes, minimum $3,000 if you qualify for supplemental DAP loan
Credit score: Not declared
Homeownership for Residents of Public Housing
Type: Purchase mortgage, 30-year fixed-rate with below-market interest rate
Audience: First-time homebuyer (3-year rule) who is a tenant of public housing or receive rental assistance
Feature: Additional 0.125% off already below-market interest rate loans (conditions apply)
Property Type: Owner-occupied single-family home, townhouse, approved condo, PUDs, 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: Yes, minimum $3,000 if you qualify for supplemental DAP loan
Credit score: Not declared
Mobile / Manufactured Home Program
Type: Purchase mortgage, 30-year fixed-rate with below-market interest rate
Audience: First-time homebuyer (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. 
Low interest rate, low closing costs, low monthly payment
Property Type: Single or double-wide manufactured home on 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 mortgage, FHA 30-year fixed-rate, including up to $35,00 in funds for renovation
Audience: First-time homebuyer (3-year rule), or buyer in a target area
Feature: Funds for home repairs will be held by your lender in a separate escrow account
Structural repairs or amounts above $35K use Standard 203(k) Rehab program
Property Type: Owner-occupied (within 1 year) 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: Yes, minimum $3,000 if you qualify for supplemental DAP loan
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: $145,560
Counseling/Classes Required: Depending upon loan type, may be required
Purchase Price Limits: None, but max loan amount is currently $510,400
Downpayment assistance: DPA 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: Owner-occupied single-family, townhouse, condo, modular, 1-4 units, no mfd housing or co-ops
Funds Needed: Not declared
Income Limits: $145,560
Counseling/Classes Required: Yes
Purchase Price Limits: None, but max loan amount is currently $510,400
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 homebuyer with very low-to-moderate income, elderly, disabled, 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: Owner-occupied 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: Yes, vary by area
Counseling/Classes Required: Yes
Purchase Price Limits: None, but max loan amount is currently $510,400
Downpayment assistance: Yes
Credit score: 600
Mortgage Credit Certificate
Type: Federal Tax Credit for Mortgage Interest
Audience: First-time homebuyer (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: Owner-occupied single-family, approved condo, townhome, no co-op (See Notes for 2-4 units)
Funds Needed: Not declared
Income Limits: Yes, vary by area
Counseling/Classes Required: Yes
Purchase Price Limits: $530,000
Downpayment assistance: N/A
Credit score: Not declared

Delaware Homebuyer Assistance Programs

Welcome Home Program
Type: Purchase mortgage - FHA, VA, USDA or Conventional 30-year fixed-rate
Audience: First-time and 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: 1-2 people: New Castle $103,615 - Kent/Sussex $90,375. 3+ limits higher
Counseling/Classes Required: Yes, if credit score below 659
Purchase Price Limits: None, but maximum loan amount is $417,000
Downpayment assistance: Yes, with Preferred Plus Program
Credit score: 620
Home Again Program
Type: Purchase mortgage - FHA, VA, USDA or Conventional 30-year fixed-rate
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: 1-2 people: New Castle $103,615 - Kent/Sussex $90,375. 3+ limits higher
Counseling/Classes Required: Yes, if credit score below 659
Purchase Price Limits: None, but maximum loan amount is $417,000
Downpayment assistance: Yes, with Preferred Plus Program
Credit score: 620
Preferred Plus Program
Type: Second mortgage (must be coupled with DSHA purchase loan), 30-year term
Audience: First-time and repeat homebuyers
Feature: No-interest 2nd-mortgage loan, for 2% to 5% 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: 1-2 people: New Castle $103,615 - Kent/Sussex $90,375. 3+ limits higher
Counseling/Classes Required: Yes, if credit score is below 659
Purchase Price Limits: None, but maximum loan amount is $417,000
Downpayment assistance: Yes, this is
Credit score: 620
Homes for Grads Program
Type: Purchase mortgage - FHA, VA, USDA or Conventional 30-year fixed-rate
Audience: First-time buyer who has graduated college with a four-year degree or higher in the last three years
Feature: Below-market interest rate
Participants receive a reduced mortgage rate of 50 basis points or one-half of a percentage when using one of DSHA’s Preferred Plus loans
Property Type: Single-family, townhouse, condo, co-op unit, multi-family (up to 4 units)
Funds Needed: Not declared
Income Limits: 1-2 people: New Castle $103,615 - Kent/Sussex $90,375. 3+ limits higher
Counseling/Classes Required: Yes, if credit score below 659
Purchase Price Limits: None, but maximum loan amount is $417,000
Downpayment assistance: Yes, with Preferred Plus Program
Credit score: 620
First-Time Homebuyer Tax Credit (MCC)
Type: Federal Tax Credit for Mortgage Interest
Audience: First-time homebuyer (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, co-op unit, multi-family (up to 4 units)
Funds Needed: Not declared
Income Limits: 1-2 people: New Castle $103,615 - Kent/Sussex $90,375. 3+ limits higher
Counseling/Classes Required: Yes, if credit score below 659
Purchase Price Limits: None, but maximum loan amount is $417,000
Downpayment assistance: Yes, with Preferred Plus Program
Credit score: 620

Florida Homebuyer Assistance Programs

FL HFA Plus Preferred Conventional Loan Program for TBA
Type: Purchase mortgage, conventional 30-year fixed-rate
Audience: First-time homebuyer (3-year rule), or buyer in a target area
Feature: All who qualify for this 30-yr mortgage also qualify for a Downpayment Assist (DPA) 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: Available as Florida Assist or FL HLP second mortgage programs
Credit score: Not declared
Florida First
Type: Purchase mortgage - FHA, VA or USDA-backed 30-year fixed-rate
Audience: First-time homebuyer (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: Available as Florida Assist or FL HLP second mortgage programs
Credit score: Not declared
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: Available as Florida Assist or FL HLP second mortgage programs
Credit score: Not declared
FL HFA Preferred Conventional Loan Program for BOND
Type: Purchase mortgage, 30-year fixed-rate
Audience: First-time homebuyer (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: Available as Florida Assist or FL HLP second mortgage programs
Credit score: Not declared
Florida Assist
Type: Second mortgage, 0% interest rate, deferred repayment
Audience: First-time homebuyer (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: Not declared
3% and 4% HFA Preferred Grants
Type: Non-repayable Grant
Audience: First-time homebuyer (3-year rule), qualified veteran, or target area buyer
Feature: 3% or 4% of the purchase price of the home, forgiven at 20% per year for 5 years
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: Not declared
FL HLP Second mortgage
Type: Second mortgage for downpayment and closing costs
Audience: First-time homebuyer (3-year rule), qualified veteran, or target area buyer
Feature: 3% of the purchase price of the home, up to $10,000, 15-year amortizing loan
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: Not declared
Mortgage Credit Certificate
Type: Federal Tax Credit for Mortgage Interest
Audience: First-time homebuyer (3-year rule), qualified veteran, or target area buyer
Feature: Deduct from 10% 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: Not declared
Income Limits: Yes, vary by area
Counseling/Classes Required: No
Purchase Price Limits: Yes, vary by area
Downpayment assistance: No
Credit score: Not declared

Georgia Homebuyer Assistance Programs

Georgia Dream
Type: Purchase mortgage - FHA, VA, USDA or Conventional 30-year fixed-rate
Audience: First-time homebuyer (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: Owner-occupied 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 county
Downpayment assistance: Yes, using Second Mortgage Program
Credit score: 640
Georgia Dream Second Mortgage Program
Type: Second mortgage, 0% interest rate, deferred repayment
Audience: First-time homebuyer (3-year rule), or buyer in a target area
Feature: Must be paired with a Georgia Dream first mortgage, for downpayment and closing costs
Must be repaid upon sale, refinance, retirement of the first mortgage or owner vacancy
Property Type: Owner-occupied 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, $5,000 standard, up to $7,500 Police, Educators, Nurses and disabled
Credit score: 640

Hawaii Homebuyer Assistance Programs

HHOC Conventional, FHA, VA or USDA Loan
Type: Purchase mortgage, up to 30-year fixed-rate loans
Audience: First-time and repeat homebuyers
Feature:
Property Type: Owner-occupied single-family home; condominium or townhouse
Funds Needed: Down payments vary depending upon loan type
Income Limits: Yes, vary by county
Counseling/Classes Required: Must complete counseling session and in-class or on-line course
Purchase Price Limits: Yes, vary by county
Downpayment assistance: Available with HHOC DPAL and DPACC Second mortgages
Credit score: Not declared
HHOC Down Payment Assistance Loan Program (DPAL)
Type: Second mortgage, 20-due-in-15 balloon piggyback
Audience: Low to moderate-income buyers
Feature: Interest rate for the DAP loan will be 2.00% above the first mortgage rate
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 county
Counseling/Classes Required: Must complete counseling session and in-class or on-line course
Purchase Price Limits: Yes, vary by county
Downpayment assistance: Yes
Credit score: Not declared
HHOC Down Payment & Closing Cost Assistance Program (DPACC)
Type: Second mortgage, 15-year for downpayment and closing costs
Audience: First time buyer (3-year rule) with low to moderate income
Feature: This is a no interest loan with no monthly payments
First mortgage must be originated thru HHOC Mortgage at the same time
Property Type: Owner-occupied single-family home; condominium or townhouse
Funds Needed: Not declared
Income Limits: Yes, vary by county
Counseling/Classes Required: Must complete counseling session and in-class or on-line course
Purchase Price Limits: Yes, vary by county
Downpayment assistance: Yes
Credit score: Not declared
Mortgage Credit Certificate
Type: Federal Tax Credit for Mortgage Interest
Audience: First-time homebuyer (3-year rule)
Feature: Deduct up to 20% of interest cost annually, for life of loan
Property must remain buyer's primary residence, or Recapture Tax may apply
Property Type: Owner-occupied 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

Iowa Homebuyer Assistance Programs

FirstHome / FirstHome Plus
Type: Purchase mortgage - FHA, VA, USDA or Conventional 30-year fixed-rate
Audience: First-time homebuyer (3-year rule), qualified veteran, or target area buyer
Feature: Optional Plus grant is up to $2,500 for down payment and closing costs (no repay) or
optional second mortgage (below)
Property Type: 1-unit as principal residence
Funds Needed: Up to $500 settlement fee, Lender fee of up to 1%
Income Limits: Yes, vary by area
Counseling/Classes Required: May be required for Conventional loan
Purchase Price Limits: Currently $283,000
Downpayment assistance: Yes, available with the Plus Program ($2,500 grant)
Credit score: 640
Homes for Iowans / Homes for Iowans Plus
Type: Purchase mortgage - FHA, VA, USDA or Conventional 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) or
optional second mortgage (below)
Property Type: 1-unit as principal residence
Funds Needed: Up to $500 settlement fee, Lender fee of up to 1%
Income Limits: Currently $133,980
Counseling/Classes Required: May be required for Conventional loan
Purchase Price Limits: Currently $346,000
Downpayment assistance: Yes, available with the Plus Program ($2,500 grant)
Credit score: 640
Second mortgage
Type: Downpayment and second mortgage closing cost assistance loan
Audience: First-time and repeat homebuyers
Feature: Second for lesser of 5% home price or $5,000, repayable on home sale or refinance
Can be combined with FirstHome loans and Homes for Iowans
Property Type: 1-unit as principal residence
Funds Needed: Not declared
Income Limits: Yes, vary by area and loan type
Counseling/Classes Required: No
Purchase Price Limits: Yes, vary by area and loan type
Downpayment assistance: Yes
Credit score: 640
Military Homeownership Assistance Program
Type: $5,000 grant for down payment and closing costs
Audience: Eligible service members, veterans and surviving spouses
Feature: Grant may be combined with Plus grant for a total of $7,500 of down payment and closing cost assistance
Can be combined with a qualifying mortgage or cash purchase transaction
Property Type: Owner-occupied single-family, townhouse, condo, mfd home, multi-family (up to 4 units)
Funds Needed: Not declared
Income Limits: Yes, vary by area
Counseling/Classes Required: No
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 homebuyer (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: 1-unit as principal residence
Funds Needed: Up to $250 processing fee; $500 application fee (waived with IFA mortgage)
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

Idaho Homebuyer Assistance Programs

First Loan Program
Type: Purchase mortgage, FHA, VA or USDA-backed 30-year fixed-rate
Audience: First-time homebuyer (3-year rule), or buyer in a target area
Feature:
Property Type: Owner-occupied single-family, townhouse, condo and some manufactured housing
Funds Needed: Not declared
Income Limits: $110,000 statewide, $120,000 Blaine County
Counseling/Classes Required: Yes, with downpayment assistance
Purchase Price Limits: Yes, vary by area
Downpayment assistance: Available with Second mortgage or forgiveable loan
Credit score: 620
HFA Advantage / HFA Preferred Loan Program
Type: Purchase mortgage, conventional 30-year fixed-rate
Audience: First-time and repeat homebuyers
Feature: Lower mortgage insurance premiums
Freddie Mac / Fannie Mae backed program
Property Type: Owner-occupied single-family, townhouse, condo and some 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: Available with Second mortgage or forgiveable loan
Credit score: 620
FHA 203K Streamline
Type: Purchase mortgage
Audience: First-time and repeat homebuyers
Feature:
Property Type: Owner-occupied single-family, townhouse, condo (no manufactured housing)
Funds Needed: Not declared
Income Limits: $110,000 statewide, $120,000 Blaine County
Counseling/Classes Required: Yes, if downpayment assistance is included
Purchase Price Limits: Yes, vary by area
Downpayment assistance: Available with Second mortgage or forgiveable loan
Credit score: Not declared
Home Refinance
Type: Fannie Mae refinance loan
Audience: Those refinancing current home loans
Feature: LTVs up to 105% of the current value if not be less than original appraised value
Limited cash out, and any existing subordinate financing must be re-subordinated
Property Type: Primary residence, second home, or investment property
Funds Needed: Not declared
Income Limits: Not declared
Counseling/Classes Required: No
Purchase Price Limits: N/A
Downpayment assistance: N/A
Credit score: No minimum credit score
Second mortgage
Type: Second mortgage loan for downpayment 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: Owner-occupied single-family, townhouse, condo and some manufactured housing
Funds Needed: Borrower must contribute a minimum 0.5% of the purchase price
Income Limits: Income limits may apply up to $110,000
Counseling/Classes Required: Yes, only one certificate required if two buyers
Purchase Price Limits: Yes, vary by area
Downpayment assistance: Yes
Credit score: 640 when combined with First Loan, 680 for other loan programs
Forgivable Loan
Type: Second mortgage loan for downpayment and closing costs
Audience: First-time and repeat homebuyers, refinancing homeowners
Feature: A maximum of 3.5% of the sales price is forgivable over seven years
Fixed rate of 5% over 10 years with low monthly payments
Property Type: Owner-occupied single-family, townhouse, condo and some manufactured housing
Funds Needed: Borrower must contribute a minimum 0.5% of the purchase price
Income Limits: Not declared
Counseling/Classes Required: Yes, only one certificate required if two buyers
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 homebuyer (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, townhouse, condo and some manufactured housing
Funds Needed: $300 application fee
Income Limits: Yes, vary by area
Counseling/Classes Required: No
Purchase Price Limits: Yes, vary by area
Downpayment assistance: Can be combined with some DPA loans
Credit score: Not declared

Illinois Homebuyer Assistance Programs

IHDAccess Forgivable
Type: Purchase mortgage, 30-year fixed-rate FHA, VA, USDA or FNMA with 10-yr grant
Audience: First-time and repeat homebuyers
Feature: Includes grant for down payment and closing costs, 4% of the purchase price up to $6,000
Grant is forgiven monthly over 10 years
Property Type: Owner-occupied new construction and existing homes
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
IDHAccess Deferred
Type: Purchase mortgage, 30-year fixed-rate FHA, VA, USDA or FNMA with 30-yr second
Audience: First-time and repeat homebuyers
Feature: Downpayment loan is 5% of the purchase price up to $7,500
Second mortgage is 0% interest, no payments, repaid upon sale, refinance or mortgage pay off
Property Type: Owner-occupied new construction and existing homes
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
IDHAccess Repayable
Type: Purchase mortgage, 30-year fixed-rate FHA, VA, USDA or FNMA with 10-yr second
Audience: First-time and repeat homebuyers
Feature: Second mortgage up to 10% of purchase price, capped at $10,000
2nd is 0% interest, 10-year 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
1stHomeIllinois
Type: Purchase mortgage, 30-year fixed-rate FHA, VA, USDA or FNMA HFA
Audience: First-time homebuyer (3-year rule), or qualified veteran
Feature: Up to $7,500 for down payment and closing costs
Property Type: Owner-occupied existing 1 or 2-unit residential dwelling
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
1-Refi
Type: Refinance mortgage, 30-year FHA fixed-rate
Audience: Homeowners current on their mortgage payments but owing more than their home is worth
Feature: Up to $50,000 in federal mortgage help for underwater homeowners, refinance balance of loan
Primary residences only, must be current on your mortgage for last 12 months
Property Type: Owner-occupied 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: N/A
Credit score: 640
IDHA Mortgage Credit Certificate
Type: Federal Tax Credit for Mortgage Interest
Audience: Currently not available for purchases, only available as a re-issue with refinance loans
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: $150 per re-issue of the certificate
Income Limits: Yes, vary by area
Counseling/Classes Required: No
Purchase Price Limits: Yes, vary by area
Downpayment assistance: N/A
Credit score: 640

Indiana Homebuyer Assistance Programs

Indiana Home Solution (IHS)
Type: Purchase mortgage, 30-year fixed-rate FHA with 15-year down payment (DPA) second mortgage
Audience: First-time homebuyer (3-year rule), qualified veteran, or target area buyer
Feature: 2nd has no payments, 0% interest, and is forgiveable 20% per year after the 10th year
Full amount of 2nd must be repaid if home is sold or refinanced within first 10 years
Property Type: Owner-occupied 1-4 family, some townhouse, condo, PUD, mfd home on permanent foundation
Funds Needed: $100 reservation fee
Income Limits: Yes, vary by area
Counseling/Classes Required: Not declared
Purchase Price Limits: Yes, vary by area
Downpayment assistance: Yes, DPA included as a second mortgage
Credit score: 660
Helping to Own (H2O)
Type: Purchase mortgage, 30-year fixed-rate FHA with down payment (DPA) grant
Audience: First-time homebuyer (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 1-4 family, some townhouse, condo, PUD, mfd home on permanent foundation
Funds Needed: $100 reservation fee
Income Limits: Yes, vary by area
Counseling/Classes Required: Not declared
Purchase Price Limits: Yes, vary by area
Downpayment assistance: Yes, DPA included as a second mortgage
Credit score: 660
Next Home
Type: Purchase mortgage, 30-year fixed-rate Conventional or FHA with DPA second loan
Audience: First-time and repeat homebuyers
Feature: Second DPA loan is up to 3.5% of purchase price or appraisal (FHA), or up to 3% (Conventional)
Property Type: Owner-occupied 1-4 family, some townhouse, condo, PUD, mfd home on permanent foundation
Funds Needed: $100 reservation fee
Income Limits: Yes, vary by area
Counseling/Classes Required: Not declared
Purchase Price Limits: Yes, vary by area
Downpayment assistance: Yes, DPA included as a second mortgage
Credit score: 660 FHA
Next Home Advantage
Type: Purchase mortgage, 30-year fixed-rate Conventional with DPA second loan
Audience: First-time and repeat homebuyers
Feature: 2nd DPA loan is up to 3% of purchase price or appraisal
2nd DPA is forgiven after 2 years, but is due and payable if home is sold, refinanced or vacated by owner within 2 years
Property Type: Owner-occupied 1-4 family, some townhouse, condo, PUD, no manufactured homes
Funds Needed: $100 reservation fee
Income Limits: Yes, vary by area
Counseling/Classes Required: Not declared
Purchase Price Limits: Yes, vary by area
Downpayment assistance: Yes, DPA included as a Second mortgage
Credit score: 640
Next Home Advantage with Subsidy
Type: Purchase mortgage, 30-year fixed-rate Conventional with DPA second loan and Subsidy
Audience: First-time and repeat homebuyers
Feature: 2nd DPA loan is up to 3% of purchase price or appraisal, forgiven after 2 years
Additional DPA grant is available for either $1,500 or $2,500, depending upon income
Property Type: Owner-occupied 1-4 family, some townhouse, condo, PUD, mfd home on permanent foundation
Funds Needed: $100 reservation fee
Income Limits: Yes, vary by area
Counseling/Classes Required: Not declared
Purchase Price Limits: Yes, vary by area
Downpayment assistance: Yes, DPA included as a Second mortgage
Credit score: 640
Mortgage Credit Certificate (MCC)
Type: Federal Tax Credit for Mortgage Interest
Audience: First-time homebuyer (3-year rule), qualified veteran, or target area buyer
Feature: Deduct up to $2,000 annually, for life of loan
If property is sold within the first 9 years, Recapture Tax may apply
Property Type: Owner-occupied 1-4 family, some townhouse, condo, PUD, mfd home on permanent foundation
Funds Needed: $500 reservation fee
Income Limits: Yes, vary by area
Counseling/Classes Required: Not declared
Purchase Price Limits: Yes, vary by area
Downpayment assistance: Can be combined with qualifying DPA
Credit score: Not declared

Kansas Homebuyer Assistance Programs

First Time Homebuyer Program (HOME)
Type: Purchase mortgage - FHA, VA, USDA or Conventional 30-year fixed rate with subsidy
Audience: First-time homebuyer (3-year rule), displaced homemaker, single parent
Feature: Assistance in two equal parts: a soft 2nd and 0% interest portion
Soft 2nd portion forgiven over 5 or 10 yrs; 0% interest portion repayable if sold within 10 years
Property Type: Owner-occupied single-family, townhouse, condo, duplex, eligible manufactured 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: Yes
Credit score: Not declared

Kentucky Homebuyer Assistance Programs

Conventional Preferred Risk Program
Type: Purchase mortgage, conventional 30-year fixed-rate
Audience: First-time and repeat homebuyers
Feature: 3 percent down payment and no up-front or monthly mortgage insurance
No reserves required
Property Type: Owner-occupied single-family, townhouse, condo, PUD, mfd home with permanent foundation
Funds Needed: No minimum borrower contribution
Income Limits: Yes, vary by area
Counseling/Classes Required: Recommended but not required
Purchase Price Limits: $314,827
Downpayment assistance: Yes, available with Regular or Affordable DAP program
Credit score: 660
Conventional Preferred Program
Type: Purchase mortgage, conventional 30-year fixed-rate
Audience: First-time and repeat homebuyers
Feature: 3 percent down payment, monthly mortgage insurance (charter coverage) required
No reserves required
Property Type: Owner-occupied single-family, townhouse, condo, PUD, mfd home with permanent foundation
Funds Needed: No minimum borrower contribution
Income Limits: Yes, vary by area
Counseling/Classes Required: Recommended but not required
Purchase Price Limits: $314,827
Downpayment assistance: Yes, available with Regular or Affordable DAP program
Credit score: 660
Conventional Preferred Plus 80 Program
Type: Purchase mortgage, conventional 30-year fixed-rate
Audience: First-time and repeat homebuyers
Feature: 3 percent down payment, monthly mortgage insurance (standard coverage) required
No reserves required
Property Type: Owner-occupied single-family, townhouse, condo, PUD, mfd home with permanent foundation
Funds Needed: No minimum borrower contribution
Income Limits: Yes, vary by area
Counseling/Classes Required: Recommended but not required
Purchase Price Limits: $314,827
Downpayment assistance: Yes, available with Regular or Affordable DAP program
Credit score: 660
Federal Housing Administration (FHA) Loan
Type: Purchase mortgage, FHA 30-year fixed-rate
Audience: First-time and repeat homebuyers
Feature: 3.5 percent down payment, monthly and upfront mortgage insurance required
Property Type: Owner-occupied single-family, townhouse, condo, PUD, mfd home with permanent foundation
Funds Needed: Not declared
Income Limits: Yes, vary by area
Counseling/Classes Required: Not declared
Purchase Price Limits: $314,827
Downpayment assistance: Yes, available with Regular or Affordable DAP program
Credit score: 620
Veterans Administration (VA) Loan
Type: Purchase mortgage, VA 30-year fixed-rate
Audience: Qualifying veterans
Feature: No down payment if the property appraises for the sales price or greater
No monthly mortgage insurance payments
Property Type: Owner-occupied single-family, townhouse, condo, PUD, mfd home with permanent foundation
Funds Needed: Not declared
Income Limits: Yes, vary by area
Counseling/Classes Required: Not declared
Purchase Price Limits: $314,827
Downpayment assistance: Yes, available with Regular or Affordable DAP program
Credit score: 620
Rural Housing Services (RHS) Loan
Type: Purchase mortgage, VA 30-year fixed-rate
Audience: Qualifying veterans
Feature: No down payment if the property appraises for the sales price or greater
No monthly mortgage insurance payments
Property Type: Owner-occupied single-family, townhouse, condo, PUD, mfd home with permanent foundation
Funds Needed: Not declared
Income Limits: Yes, vary by area
Counseling/Classes Required: Not declared
Purchase Price Limits: $314,827
Downpayment assistance: Yes, available with Regular or Affordable DAP program
Credit score: 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, PUD, mfd home with permanent foundation
Funds Needed: N/A
Income Limits: Yes, vary by area
Counseling/Classes Required: Recommended but not required
Purchase Price Limits: $314,827
Downpayment assistance: Yes, this is
Credit score: Not declared
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
Borrowers must meet Affordable DAP income limits
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: $314,827
Downpayment assistance: Yes, this is
Credit score: Not declared
Mortgage Credit Certificate
Type: Federal Tax Credit for Mortgage Interest
Audience: First-time homebuyer (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
Recapture Tax may apply if home is sold within first 10 years
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: $314,827
Downpayment assistance: No
Credit score: Not declared

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: Includes a grant of 3% or 4% of the loan amount, which may be used toward downpayment, closing costs or prepaid items
Grant assistance may also be used to lower the loan amount
Property Type: Owner-occupied 1-family home, duplex, condo, Double?wide mfd home with foundation
Funds Needed: No minimum required investment
Income Limits: Yes, vary by area
Counseling/Classes Required: No, but recommended for first-time buyers
Purchase Price Limits: Current FHA, VA and USDA?RD mortgage limits
Downpayment assistance: Yes
Credit score: 640
Market Rate Conventional Program
Type: Purchase mortgage, conventional 30-year fixed-rate
Audience: First-time and repeat homebuyers who ares at 80% AMI or less (Area Median Income)
Feature: Up to 4% assistance for down payment, closing costs and/or prepaid items
Grant assistance may also be used to lower the loan amount
Property Type: Owner-occupied single family, 1-2 unit detached, or condos, no manufactured homes
Funds Needed: No minimum required investment
Income Limits: $99,000, regardless of family size
Counseling/Classes Required: Yes, required for first-time buyers
Purchase Price Limits: Current Fannie Mae HFA Preferred Mortgage Limits
Downpayment assistance: Yes
Credit score: 640
Mortgage Revenue Bond (MRB) Home Program
Type: Second mortgage, 0% interest, 5% to 9% of loan amount, for closing costs and down payment
Audience: First-time buyers (3-year rule) who ares at 80% AMI or less (Area Median Income)
Feature: First mortgage must be obtained from an LHC-approved lender
Property Type: Single-family homes
Funds Needed: Not declared
Income Limits: Yes, vary by area
Counseling/Classes Required: Yes, at least one borrower must attend Homebuyer Education class
Purchase Price Limits: Yes, vary by area
Downpayment assistance: Yes
Credit score: 640
Mortgage Revenue Bond (MRB) Assistance Program
Type: Second mortgage, 0% interest, up to 4% of loan amount for closing costs and down payment
Audience: First-time homebuyer (3-year rule), or buyer in a target area
Feature: First mortgage must be obtained from an LHC-approved lender
Property Type: Single-family homes
Funds Needed: Not declared
Income Limits: Yes, vary by area
Counseling/Classes Required: Yes, at least one borrower must attend Homebuyer Education class
Purchase Price Limits: Yes, vary by area
Downpayment assistance: Yes
Credit score: 640
Delta 100 Program
Type: Purchase mortgage, 30-year with 2% fixed rate
Audience: First-time homebuyers
Feature: Mortgage insurance not required. Up to 3% for closing costs and prepaid items.
Property Type: Single-family homes in 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: None
Mortgage Credit Certificate
Type: Federal Tax Credit for Mortgage Interest
Audience: First-time homebuyer (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: Owner-occupied 1 family, condo, townhome, modular, mfd homes with permanent foundations
Funds Needed: 1% origination fee and possible $500 lender fee
Income Limits: Yes, vary by area
Counseling/Classes Required: Yes
Purchase Price Limits: $255,574 for non-target areas, and $312,368 for target areas
Downpayment assistance: This MCC can be used in conjunction with down-payment assistance programs
Credit score: Not declared

Massachusetts Homebuyer Assistance Programs

Operation Welcome Home (OWH)
Type: Purchase mortgage, conventional 30-year fixed-rate
Audience: First-time homebuyers who are active duty military, veterans, or Gold Star Family members
Feature: Includes up to $2,500 credit, available for down-payment and closing costs
Loan can include rehabilitation funds
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; landlord counseling required on multi-family purchases.
Purchase Price Limits: Yes, vary by area
Downpayment assistance: Yes, up to $15,000 Second mortgage available with MassHousing DPA
Credit score: 640
MassHousing Downpayment Assistance (DPA)
Type: Second mortgage, 2% interest rate, 15-year term
Audience: First-time homebuyer (3-year rule), qualified veteran, or target area buyer
Feature: Up to 5% of the purchase price or $15,000, whichever is less
For downpayment and closing costs, due upon sale or refinance of the property
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; landlord counseling required on multi-family purchases.
Purchase Price Limits: Yes, vary by area
Downpayment assistance: Yes, this is
Credit score: 640
MassHousing First Time Homebuyer
Type: Purchase mortgage, FHA or Conventional 30-year fixed-rate
Audience: First-time homebuyer (3-year rule) or buyer in target area
Feature: Downpayment assistance is available for all eligible borrowers and property types
Loan can include rehabilitation funds
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 and loan type
Counseling/Classes Required: Yes; landlord counseling required on multi-family purchases.
Purchase Price Limits: Vary by area
Downpayment assistance: Yes, up to $15,000 Second mortgage available with MassHousing DPA
Credit score: 640
MassHousing Mortgage
Type: Purchase or refinance mortgage, FHA or Conventional 30-year fixed-rate
Audience: Homebuyer or refinance borrower
Feature: Limited cash out is available with refinance loans
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 and loan type
Counseling/Classes Required: Yes; landlord counseling required on multi-family purchases.
Purchase Price Limits: Vary by area
Downpayment assistance: Yes, up to $15,000 Second mortgage available with MassHousing DPA
Credit score: 640

Maryland Homebuyer Assistance Programs

1st Time Advantage Direct
Type: Purchase mortgage, 30-year fixed-rate
Audience: First-time homebuyer (3-year rule), qualified veteran, or target area buyer
Feature: Lowest MMP 30-year fixed interest rate available
No downpayment assistance available, however external sources of DPA may be used
Property Type: Owner-occupied single-family home, duplex, approved condos, (no mfd homes)
Funds Needed: None, but borrower's liquid 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: No
Credit score: 640
1st Time Advantage 5000
Type: Purchase mortgage, 30-year fixed-rate
Audience: First-time homebuyer (3-year rule), qualified veteran, or target area buyer
Feature: Includes $5,000 for downpayment assistance and closing costs
Property Type: Owner-occupied single-family home, duplex, approved condos, (no mfd homes)
Funds Needed: None, but borrower's liquid 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, included
Credit score: 640
1st Time Advantage 3% Loan
Type: Purchase mortgage, 30-year fixed-rate
Audience: First-time homebuyer (3-year rule), qualified veteran, or target area buyer
Feature: Includes a downpayment assistance loan for up to 3% of 1st mortgage
Property Type: Owner-occupied single-family home, duplex, approved condos, (no mfd homes)
Funds Needed: None, but borrower's liquid 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, included
Credit score: 640
Flex Direct
Type: Purchase mortgage, 30-year fixed-rate
Audience: First-time and repeat homebuyers
Feature: Lowest interest rate of all Flex programs
No downpayment assistance available, however external sources of DPA may be used
Property Type: Owner-occupied single-family home, duplex, approved condos, (no 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: 640
Flex 5000
Type: Purchase mortgage, 30-year fixed-rate with second mortgage for downpayment and costs
Audience: First-time and repeat homebuyers
Feature: $5,000 second mortgage has 0% interest, no payments due for life of 1st mortgage
Second lien is due and payable upon repayment, refinance, transfer, sale, etc.
Property Type: Owner-occupied single-family home, duplex, approved condos, (no 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: 640
Flex 3% Loan
Type: Purchase mortgage, 30-year fixed-rate
Audience: First-time and repeat homebuyers
Feature: Comes with a DPA Loan equal to 3% of the first mortgage
Second mortgage is 0%, deferred payment loan
Property Type: Owner-occupied single-family home, duplex, approved condos, (no 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: 640
Flex 3% Grant
Type: Purchase mortgage, 30-year fixed-rate
Audience: First-time and repeat homebuyers
Feature: Comes with a DPA grant equal to 3% of the first mortgage
This grant does not need to be repaid
Property Type: Owner-occupied single-family home, duplex, approved condos, (no 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: 640
Flex 4% Grant
Type: Purchase mortgage, 30-year fixed-rate
Audience: First-time and repeat homebuyers
Feature: Comes with a DPA grant equal to 4% of the first mortgage
This grant does not need to be repaid
Property Type: Owner-occupied single-family home, duplex, approved condos, (no 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: 640
Maryland SmartBuy
Type: Purchase mortgage, 30-year fixed-rate
Audience: First-time homebuyers with an existing student debt of at least $1,000
Feature: Includes student debt relief of up to 15% of the purchase price of the home
Full amount of outstanding student debt loans must be paid off at closing
Property Type: Rehabilitated homes owned by the State of Maryland sold through the SmartBuy 1.0 program
Funds Needed: Not declared
Income Limits: Yes, vary by area
Counseling/Classes Required: Yes
Purchase Price Limits: Yes, vary by area
Downpayment assistance: Yes, downpayment and settlement assistance is available
Credit score: 640
Maryland SmartBuy 2.0
Type: Purchase mortgage, 30-year fixed-rate
Audience: First-time homebuyers with an existing student debt of at least $1,000
Feature: Includes student debt relief of up to 15% of the price of the home, up to $40,000
If two MMP borrowers, only 1 borrower’s student loans must be paid off by loan closing
Property Type: Owner-occupied single-family home, duplex, approved condos, (no 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, downpayment and settlement assistance is available
Credit score: 640
HomeAbility
Type: Purchase mortgage, 30-year fixed-rate conventional with 30-year deferred Second mortgage
Audience: First-time, veteran, or target area buyer, who is disabled or is caregiver for disabled family member
Feature: Second mortgage is 0% interest, payments deferred for the life of the 1st mortgage
Can be up to 25% of purchase price ($45,000 max) for down-payment and closing costs
Property Type: Owner-occupied single-family homes, duplex, approved condos, and 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, included
Credit score: 640
Montgomery Home Ownership Program
Type: Purchase mortgage, 30-year fixed-rate with second mortgage downpayment loan
Audience: First-time buyer (3-year rule), veteran, or target area buyer, buying a home in Montgomery county
Feature: DPA assistance cannot exceed 40% of borrower's income
Borrower cannot own any other real property at time of closing
Property Type: Owner-occupied single-family home, duplex, approved condos, (no 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
Credit score: 640
Partner Match
Type: Loan up to $2,500 to assist with down-payment and closing costs
Audience: Maryland homebuyers using the 1st Time Advantage 5000 or the Flex 5000 loan product
Feature: No interest, deferred second mortgage paid when first mortgage is retired
Program matches private funds with state funds
Property Type: Owner-occupied single-family home, duplex, approved condos, (no 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, this is
Credit score: Not declared
Special Assistance Grant
Type: $1,500 or $2,500 interest-free grant, depending upon income eligibility
Audience: First-time and repeat homebuyers
Feature: Available with Freddie Mac HFA Advantage conventional mortgages only
May be combined with Partner Match and Mortgage Credit Certificate programs
Property Type: Owner-occupied single-family home, duplex, approved condos, (no 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, this is
Credit score: Not declared
Maryland HomeCredit (MCC)
Type: Federal Tax Credit for Mortgage Interest
Audience: First-time, veteran or target area buyer, those using a 4% Grant Assist or MD Preferred Rate product
Feature: No interest, deferred second mortgage paid when first mortgage is retired
Program matches private funds with state funds
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: N/A
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, or mobile home owner on leased land
Feature: Low interest rates. Options for low-interest, low or no down payment, down-pymt assistance
Can be combined with Advantage, Purchase Plus Improvements and MaineHOPE programs
Property Type: Owner-occupied 1-4 family properties, condos, mfd homes with permanent foundations
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, 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 who are first-time or repeat homebuyers
Feature: 0.25% interest rate reduction
The $3,500 Advantage funds towards down payment and closing costs is included with the rate
Property Type: Owner-occupied 1-4 family properties, condos, mfd homes with permanent foundations
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
Pre-1976 Mobile Home Replacement Initiative
Type: MaineHousing mortgage loan with a $30,000 MaineHousing grant
Audience: Maine residents who currently own and reside in a pre-1976 mobile home
Feature: Replaces a pre-1976 mobile home with a new ENERGY STAR ® certified manufactured home
Grant requires a 10-year occupancy period, with a deferred, forgivable Note and Mortgage
Property Type: Owner-occupied ENERGY STAR ® certified mfd home with permanent foundation on same site
Funds Needed: Not declared
Income Limits: Yes, vary by area
Counseling/Classes Required: Not declared
Purchase Price Limits: Acquisition cost limit is $175,000 for all areas
Downpayment assistance: Not declared
Credit score: 640
Mobile Home Self-Insured (MHSI)
Type: Purchase mortgage, 30-year fixed-rate
Audience: First-time homebuyer (3-year rule), qualified veteran, or current unattached mobilehome owner
Feature: Options available for down-payment assistance, closing costs and improvements
Property Type: Owner-occupied permanently attached single and double-wide mobile homes < 20 years old
Funds Needed: 5% down payment; 3% from borrowers’ own funds (even with Advantage DPA)
Income Limits: Yes, vary by area
Counseling/Classes Required: Class is required for the optional $3,500 Advantage Program only
Purchase Price Limits: $175,000 statewide maximum (includes purchase price and repairs)
Downpayment assistance: Yes, available with Advantage program
Credit score: 640
Advantage Downpayment and Closing Cost 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: No cash back allowed at closing; excess assistance must be applied as a principal reduction
Any principal reduction must be less than $500
Property Type: Owner-occupied 1-4 family properties, condos, mfd homes with permanent foundations
Funds Needed: Minimum 1% borrower contribution (can be gift, and include cost of the class)
Income Limits: Yes, vary by area
Counseling/Classes Required: Yes, must complete a hoMEworks approved homebuyer education course
Purchase Price Limits: Yes, vary by area
Downpayment assistance: Yes, this is
Credit score: 640
Purchase Plus Improvement Program
Type: Included in 1st mortgage to finance the purchase and needed repairs of a home
Audience: Qualifying applicants with First Home, Salute ME, Salute Home Again, or MHSI loans
Feature: Can add $500 to $35,000 to mortgage for home improvements
Minimum: $500, Max $1,000 for materials if borrower does the work; up to $35,000 if a contractor used
Property Type: Owner-occupied 1-4 family properties, condos, mfd homes with permanent foundations
Funds Needed: Up to $375 for Lender Fees
Income Limits: Yes, vary by area
Counseling/Classes Required: No
Purchase Price Limits: Yes, vary by area
Downpayment assistance: Can be combined with downpayment assistance
Credit score: 640

Michigan Homebuyer Assistance Programs

MI Home Loan
Type: Purchase mortgage, FHA, VA, RD or Conventional 30-year fixed-rate
Audience: First-time homebuyer (3-year rule), or buyer in a target area
Feature: Can be combined with downpayment (DPA) Second mortgage, up to $7,500
Property Type: Owner-occupied single-family home, condo, multi-part manufactured home built after 6/14/1976
Funds Needed: Not declared
Income Limits: Yes, vary by area
Counseling/Classes Required: Yes, if loan includes a downpayment assistance second mortgage (DPA)
Purchase Price Limits: $224,500
Downpayment assistance: Yes, available with a DPA second loan
Credit score: 640 (660 for manufactured housing)
MI Home Loan Flex
Type: Purchase mortgage, 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 home, condo, multi-part manufactured home built after 6/14/1976
Funds Needed: Not declared; borrowers cannot have more than $10,000 in assets
Income Limits: Yes, vary by area
Counseling/Classes Required: Yes, if loan includes a downpayment assistance second mortgage (DPA)
Purchase Price Limits: $224,500
Downpayment assistance: Yes, available 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 and repeat homebuyers
Feature: Terms not declared
Property Type: Owner-occupied single-family home, condo, multi-part manufactured home built after 6/14/1976
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 homebuyer (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 home, condo, multi-part manufactured home built after 6/14/1976
Funds Needed: Not declared
Income Limits: Yes, vary by area
Counseling/Classes Required: Yes
Purchase Price Limits: $224,500
Downpayment assistance: N/A
Credit score: Not declared

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), or buyer in a target area
Feature: Affordable, fixed interest rate, with as little as 3% down with conventional loan
2nd downpayment and closing cost loan available, up to $15,000
Property Type: Single-family homes, approved condos, and qualifying mobile homes
Funds Needed: Not declared
Income Limits: Yes, vary by area
Counseling/Classes Required: Yes, If all borrowers are first-time buyers, one must complete course
Purchase Price Limits: 11-County Metro: $330,100. Balance of State: $283,300.
Downpayment assistance: Available with Deferred or Monthly Down Payment Loan
Credit score: Not declared
Step Up Program
Type: Purchase or Refinance, FHA, VA, USDA or Conventional 15 or 30-year fixed-rate
Audience: Repeat homebuyers and refinance homeowners
Feature: As little as 3% down with Conventional loans
Property Type: Single-family homes, approved condos, and qualifying mobile homes
Funds Needed: Not declared
Income Limits: Yes, vary by area
Counseling/Classes Required: No
Purchase Price Limits: 11-County Metro: $330,100. Balance of State: $283,300.
Downpayment assistance: Yes, available Monthly Downpayment Loan
Credit score: Not declared
Deferred Payment Downpayment Loan
Type: Second mortgage, 0% interest rate, deferred repayment
Audience: First-time homebuyer (3-year rule), or buyer in a target area
Feature: Downpayment and closing cost loan, available only with Start Up first mortgage loan
2 options: Up to $8,000; or up to $10,000 when target area criteria is met
Property Type: Single-family homes, approved condos, and qualifying mobile homes
Funds Needed: Not declared
Income Limits: Yes, vary by area
Counseling/Classes Required: Not declared
Purchase Price Limits: 11-County Metro: $330,100. Balance of State: $283,300.
Downpayment assistance: Yes, this is
Credit score: Not declared
Monthly Payment Downpayment Loan
Type: Second mortgage, 10-year term, fully amortizing
Audience: First-time homebuyer (3-year rule), or buyer in a target area
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, and qualifying mobile homes
Funds Needed: Not declared
Income Limits: 11-County Metro: $330,100. Balance of State: $283,300.
Counseling/Classes Required: Not declared
Purchase Price Limits: Yes, vary by area
Downpayment assistance: Yes, this is
Credit score: Not declared

Missouri Homebuyer Assistance Programs

First Place Loan Program
Type: Purchase mortgage - FHA, VA, USDA or Conventional 30-year fixed-rate
Audience: First-time homebuyer (3-year rule), qualified veteran, or target area buyer
Feature: Optional cash assistance second mortgage for down payment and closing costs
Lower interest rate and monthly payments if not using the Cash Assistance Second mortgage
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: 1-unit home: non-target area $283,348, target area $346,315
Downpayment assistance: Yes, available with Cash Assistance 10 year loan
Credit score: Not declared
Next Step Program
Type: Purchase mortgage - FHA, VA, USDA or Conventional 30-year fixed-rate
Audience: First-time and repeat homebuyers
Feature: Interest rates will be lower for persons buying in target 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: Single family home: $346,315. Duplexes: $443,445.
Downpayment assistance: Yes, available with Cash Assistance Loan
Credit score: Not declared
Cash Assistance Loan (CAL)
Type: Second mortgage, 10-year term, used for downpayment and closing costs
Audience: First-time homebuyer (3-year rule), qualified veteran, or target area buyer
Feature: Up to 4% of the 1st mortgage, forgiven at 1/60th per month after 5 years
Second mortgage forgiven if the borrower stays in the home and loan for ten 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: Yes
Purchase Price Limits: 1-unit home: non-target area $283,348, target area $346,315
Downpayment assistance: Yes, this is
Credit score: Not declared
Mortgage Credit Certificate (MCC)
Type: Federal Tax Credit for Mortgage Interest
Audience: First-time homebuyer (3-year rule), qualified veteran, or target area buyer
Feature: Deduct either 25%, 35% or 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

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 2nd, 10-year second loan for down payment and closing costs
Second mortgage is up to 3.5% of 1st loan amount, and has the same interest rate as the 1st
Property Type: Owner-occupied 1-4 family properties, condo, townhouse, duplex, approved mfd housing
Funds Needed: Not declared
Income Limits: Yes, vary by area and household size
Counseling/Classes Required: Yes
Purchase Price Limits: Not declared
Downpayment assistance: Yes, available with Smart Solution 2nd
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: Owner-occupied 1-4 family properties, condo, townhouse, duplex, approved mfd housing
Funds Needed: Not declared
Income Limits: Yes, vary by area and household size
Counseling/Classes Required: Yes
Purchase Price Limits: Not declared
Downpayment assistance: Yes
Credit score: 620
Mortgage Revenue Bond Program (MRB7)
Type: Purchase mortgage, 30-year fixed-rate with $7,000 deferred 10 year second mortgage
Audience: First-time homebuyer (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: Owner-occupied 1-4 family properties, condo, townhouse, duplex, approved mfd housing
Funds Needed: Not declared
Income Limits: Yes, vary by area and household size
Counseling/Classes Required: Yes
Purchase Price Limits: Target area: $309,000. Non-target area: $258,000.
Downpayment assistance: Yes, included in this program
Credit score: Not declared
Housing Assistance for Teachers (HAT) program
Type: Purchase mortgage, 25 or 30-year fixed-rate Conventional FNMA with grant funds up to $6,000
Audience: Qualifying teachers buying a home in select areas
Feature: Up to $6,000 for downpayment/closing costs for MS certified public school teachers
Borrower must agree to 3-year employment term in rural "critical needs" district
Property Type: Owner-occupied 1-4 family properties, condo, townhouse, no manufactured homes
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 in Grant
Credit score: Not declared
Mortgage Credit Certificate
Type: Federal Tax Credit for Mortgage Interest
Audience: First-time homebuyer (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: Owner-occupied 1-4 family properties, condo, townhouse, duplex, approved mfd housing
Funds Needed: $300 reservation fee
Income Limits: Yes, vary by area
Counseling/Classes Required: Yes
Purchase Price Limits: N/A
Downpayment assistance: MCC can be combined with downpayment assistance
Credit score: Not declared

Montana Homebuyer Assistance Programs

Regular Bond Loan Program / Bond Advantage (DPA) Program
Type: Purchase mortgage - FHA, VA, RD or HUD-184 30-year fixed-rate
Audience: First-time homebuyer (3-year rule), qualified veteran, or target area buyer
Feature: Optional Bond Advantage includes a 15-year downpayment 2nd, same interest rate as 1st
2nd DPA loan available for up to 5% of sales price, maximum $10,000
Property Type: Owner-occupied single-family, townhouse, condo, PUD, qualifying mfd home
Funds Needed: Not declared
Income Limits: Yes, vary by area
Counseling/Classes Required: Yes, unless homebuyer qualifies for a waiver
Purchase Price Limits: Yes, vary by area
Downpayment assistance: Yes, available with Bond Advantage or MBOH Plus programs
Credit score: 620
80% Combined Program
Type: Purchase mortgage - 80% LTV FHA, VA or USDA-backed 30-year fixed-rate
Audience: First-time homebuyer (3-year rule), qualified veteran, or target area buyer
Feature: Piggyback 30-year 20% LTV second mortgage as down-payment assistance
No mortgage insurance required
Property Type: Owner-occupied single-family, townhouse, condo, PUD, 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
Setaside Program
Type: Purchase mortgage - FHA, VA, RD or HUD-184 30-year fixed-rate
Audience: First-time homebuyer (3-year rule), qualified veteran, or target area buyer
Feature: Lower interest rate than the Regular Bond Program
Provides assistance from $1,500 to $45,000, in addition to 1st loan
Property Type: Owner-occupied single-family, townhouse, condo, PUD, qualifying mfd home
Funds Needed: Not declared
Income Limits: Yes, vary by area
Counseling/Classes Required: Yes, unless homebuyer qualifies for a waiver
Purchase Price Limits: Yes, vary by area
Downpayment assistance: Yes, available from sources approved by MH governing board
Credit score: 620
Montana Veterans Home Loan Program
Type: FHA, VA or HUD-184 backed 30-year fixed-rate mortgage
Audience: First-time buyer who is a qualifying veteran and/or spouse
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 $269,180
Downpayment assistance: Available with MBOH Plus DPA Program
Credit score: Not declared
Community Land Trust
Type: Purchase mortgage for leasehold property in a Community Land Trust
Audience: First-time homebuyer (3-year rule), qualified veteran, or target area buyer
Feature: By removing the cost of land, borrowers can purchase homes they can afford in high cost areas
Interest rates are the same as the Bond program rates
Property Type: Owner-occupied, 1-4 units, must be in residential neighborhood
Funds Needed: $1,000 of borrowers own funds if using non-Insured option
Income Limits: Not declared
Counseling/Classes Required: Yes, and borrowers must consent to early default counseling
Purchase Price Limits: Not declared
Downpayment assistance: Not declared
Credit score: Not declared
Habitat for Humanity Loan
Type: 30 year maximum, low fixed rate of 2%, fully amortized loan
Audience: First-time homebuyer (3-year rule)
Feature: Requires a letter from Habitat declaring eligibility of applicant
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
MBOH Plus 0% Deferred Down Payment Assistance Program
Type: Second mortgage, 0% interest rate, deferred repayment
Audience: First-time homebuyer (3-year rule), or buyer in a target area
Feature: Up to 5% of the purchase price, from $1,500 to maximum $6,500
Due in full upon sale, transfer, or refinance of 1st mortgage
Property Type: Owner-occupied single-family, townhouse, condo, PUD, qualifying mfd home
Funds Needed: Minimum $1,000 borrower contribution
Income Limits: $55,000
Counseling/Classes Required: Yes
Purchase Price Limits: Yes, vary by area
Downpayment assistance: Yes
Credit score: 620
Mortgage Credit Certificate
Type: Federal Tax Credit for Mortgage Interest
Audience: First-time homebuyer (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: Owner-occupied single-family, townhouse, condo, PUD, qualifying mfd home
Funds Needed: Not declared
Income Limits: Yes, vary by area
Counseling/Classes Required: Yes
Purchase Price Limits: Yes, vary by area
Downpayment assistance: N/A
Credit score: Not declared

North Carolina Homebuyer Assistance Programs

NC Home Advantage Mortgage program
Type: Purchase mortgage, 30-year fixed-rate with a 15-year DPA second loan
Audience: First-time and repeat homebuyers
Feature: DPA is either 3% or 5% of 1st loan amount, 0% interest, with no monthly payments
DPA is forgiven at 20% per year starting in year 11, fully forgiven at 15 yrs
Property Type: Owner-occupied single-family, townhouse, condo, duplex, eligible manufactured home
Funds Needed: No minimum investment is required from the borrower
Income Limits: $89,500
Counseling/Classes Required: Yes, for first-time homebuyers
Purchase Price Limits: Yes, vary by area
Downpayment assistance: Yes, included
Credit score: 640 (660 for manufactured homes)
NC 1st Home Advantage Down Payment Program
Type: Purchase mortgage, 30-year fixed-rate with a 15-year DPA second loan
Audience: First-time homebuyer (3-year rule), qualified veteran, or target area buyer
Feature: $8,000 2nd for down payment and closing costs, forgiven at 20% per year starting in year 11
Repayment due when home is sold or refinanced before year 15
Property Type: Owner-occupied single-family, townhouse, condo, eligible manufactured home
Funds Needed: No minimum investment is required from the borrower
Income Limits: Yes, vary by area
Counseling/Classes Required: Yes, for first-time homebuyers
Purchase Price Limits: Yes, vary by area
Downpayment assistance: Yes, included
Credit score: 640 (660 for manufactured homes)
NC Home Advantage Tax Credit
Type: Federal Tax Credit for Mortgage Interest
Audience: First-time homebuyer (3-year rule), qualified veteran, or target area buyer
Feature: Deduct either 30% or 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 condo, townhome, PUDs, eligible manufactured home
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 (660 for manufactured homes)

North Dakota Homebuyer Assistance Programs

FirstHome Program
Type: Purchase mortgage, fixed rate (30- and 40-year loans available)
Audience: First-time homebuyer (3-year rule), target-area buyer
Feature: Reduced-interest rate mortgage loan for low- to moderate-income first-time homebuyers
Renovation assistance can also be included with this program
Property Type: 1-4 family homes, manufactured home on permanent foundation
Funds Needed: $500 minimum borrower contribution
Income Limits: Yes, vary by area
Counseling/Classes Required: Not declared
Purchase Price Limits: Yes, vary by area
Downpayment assistance: Available DCA or Start Program for down payment assistance
Credit score: Not declared
HomeAccess Program
Type: Purchase mortgage, fixed rate
Audience: First-time or repeat buyers who are single-parent, veteran, or have disabled household members
Feature: Reduced-interest rate mortgage loan for low- to moderate-income first-time homebuyers
No refinances available under this program
Property Type: 1-4 unit homes
Funds Needed: $500 minimum borrower contribution
Income Limits: Yes, vary by area
Counseling/Classes Required: Not declared
Purchase Price Limits: Yes, vary by area
Downpayment assistance: Available DCA or Start Program for down payment assistance
Credit score: Not declared
North Dakota Roots Program
Type: Purchase mortgage, conventional 30-year fixed-rate
Audience: First-time and repeat homebuyers
Feature: Affordable mortgage loan for moderate-income buyers who may have previously owned a home
Property Type: 1-4 unit homes
Funds Needed: $500 minimum borrower contribution
Income Limits: Yes, vary by area
Counseling/Classes Required: Not declared
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 and renovation mortgage, 30-year fixed-rate
Audience: First-time homebuyers, homeowners refinancing
Feature: Includes funds to buy and rehabilitate a home, or refinance and rehab your present home
Renovations must total 25% of the adjusted cost basis
Property Type: 1-4 unit homes, eligible condo, townhouse, manufactured home on permanent foundation
Funds Needed: $500 minimum borrower contribution
Income Limits: Yes, vary by area
Counseling/Classes Required: Not declared
Purchase Price Limits: Yes, vary by area
Downpayment assistance: Available DCA or Start Program for down payment assistance
Credit score: Not declared
Targeted Area Loan Program
Type: Purchase mortgage, fixed rate
Audience: First-time and repeat homebuyers
Feature: Reduced interest rate purchase mortgage loan in Targeted Areas of North Dakota
Property Type: 1-4 unit homes
Funds Needed: $500 minimum borrower contribution
Income Limits: Yes, vary by area
Counseling/Classes Required: Not declared
Purchase Price Limits: Currently $346,315 for all target areas
Downpayment assistance: Available DCA or Start Program for down payment assistance
Credit score: Not declared
Start Down Payment Assistance Program
Type: Second mortgage loan for downpayment and closing costs
Audience: First-time and repeat homebuyers
Feature: Up to 3% of the first mortgage amount, credited at closing
Zero interest, deferred payment loan
Property Type: 1-2 unit homes (one unit must be occupied by borrower)
Funds Needed: Minimum $500 investment
Income Limits: Yes, vary by area
Counseling/Classes Required: Not declared
Purchase Price Limits: Yes, vary by area
Downpayment assistance: Yes
Credit score: Not declared
DCA Downpayment Assistance Program
Type: Second mortgage loan for downpayment and closing costs
Audience: Borrowers with a FirstHome, HomeAccess, Major Home Improvement or Targeted Area loan
Feature: 0% interest, deferrred repayment
Up to 3% of the purchase price or $3,000, whichever is greater
Property Type: 1-2 unit homes (one unit must be occupied by borrower)
Funds Needed: Minimum $500 investment
Income Limits: Yes, vary by area
Counseling/Classes Required: Yes, required
Purchase Price Limits: Yes, vary by area
Downpayment assistance: Yes
Credit score: Not declared

Nebraska Homebuyer Assistance Programs

First Home Program
Type: Purchase mortgage - FHA, VA, USDA or Conventional 30-year fixed-rate
Audience: First-time homebuyer (3-year rule) and others, see Notes
Feature: Low or no down payment requirement; Reduced mortgage insurance for conventional loans.
Borrower can own investment properties as long as they have occupied them within 3 years
Property Type: Owner-occupied single-family, approved condo, townhome, eligible manufactured housing
Funds Needed: Not declared
Income Limits: Yes, vary by area
Counseling/Classes Required: Yes, required for all occupying borrowers on the Note
Purchase Price Limits: 1-unit home: $283,000 non-target areas, $346,000 target areas
Downpayment assistance: Yes, available with Homebuyer Assistance (HBA)
Credit score: 640
First Home Targeted Program
Type: Purchase mortgage - FHA, VA, USDA or Conventional 30-year fixed-rate
Audience: Buyers in targeted areas who do not need downpayment assistance
Feature: Low or no down payment requirement. Reduced mortgage insurance premiums on conventional loans.
Property Type: Owner-occupied single-family, approved condo, townhome, eligible manufactured housing
Funds Needed: Not declared
Income Limits: Yes, vary by area
Counseling/Classes Required: Yes, required for all occupying borrowers on the Note
Purchase Price Limits: Vary by property type (higher limits for target areas)
Downpayment assistance: N/A
Credit score: 640
Military Home
Type: Purchase mortgage - FHA, VA or USDA-backed 30-year fixed-rate
Audience: First-time or repeat homebuyer who are active military or qualifying veterans
Feature: Low or no down payment requirement. Reduced mortgage insurance premiums on conventional loans.
Property Type: Owner-occupied single-family, approved condo, townhome, eligible manufactured housing
Funds Needed: Not declared
Income Limits: Yes, vary by area
Counseling/Classes Required: Yes, required for all occupying borrowers on the Note
Purchase Price Limits: 1-unit home: $283,000 non-target areas, $346,000 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 homebuyer (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: Owner-occupied single-family, approved condo, townhome, eligible manufactured housing
Funds Needed: Minimum borrower contribution of $1,000
Income Limits: Yes, vary by area
Counseling/Classes Required: Yes, required for all occupying borrowers on the Note
Purchase Price Limits: 1-unit home: $283,000 non-target areas, $346,000 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
Up to 97% LTV with low mortgage insurance coverage, ideal for borrowers with limited funds for downpayment and closing costs
Property Type: Owner-occupied 1-4 family, approved condos, townhomes, eligible manufactured housing
Funds Needed: Not declared
Income Limits: Yes, vary by area
Counseling/Classes Required: Yes, for first-time homebuyers
Purchase Price Limits: None
Downpayment assistance: N/A
Credit score: 620
Home Preferred Plus with Cash Assistance Second mortgage
Type: Purchase mortgage - FHA, VA or USDA 30-year fixed-rate, with Cash Assistance Second mortgage
Audience: First-time and repeat homebuyers
Feature: Includes 3% assistance (using a Cash Assistance Second mortgage) for downpayment, closing costs
Property Type: Owner-occupied 1-4 family, approved condos, townhomes, eligible manufactured housing
Funds Needed: 1-unit: $0; 2-4 unit: 3% of purchase price (purchases only)
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 Preferred MH Resident Owned Community (ROC)
Type: Purchase or refinance mortgage, conventional 30-year fixed-rate
Audience: First-time and repeat homebuyers
Feature: For purchase or limited cash-out refinance for manufactured home owners in ROCs
Finance up to 95% LTV with low mortgage insurance coverage
Property Type: Owner-occupied manufactured housing in qualifying resident-owned community (ROC)
Funds Needed: None
Income Limits: Yes, vary by area
Counseling/Classes Required: Yes, for first-time homebuyers
Purchase Price Limits: None
Downpayment assistance: 3% Cash Assistance Mortgage can be combined with the ROC program
Credit score: 620
Home Flex
Type: Purchase mortgage, FHA, VA or USDA 30-year fixed-rate
Audience: First-time and repeat homebuyers
Feature: Provides low- and moderate-income persons with purchase financing
Loans cannot be closed in a trust
Property Type: Owner-occupied 1-4 family, approved condos, townhomes, eligible manufactured housing
Funds Needed: Not declared
Income Limits: Yes, vary by area
Counseling/Classes Required: 1 unit: none; 2-4 units: homebuyer and landlord education required
Purchase Price Limits: None, except if pairing with MCC
Downpayment assistance: No, but available with Home Flex Plus program
Credit score: 620
Home Flex Plus with Cash Assistance Second mortgage
Type: Purchase mortgage - FHA, VA or USDA 30-year fixed-rate, with Cash Assistance Second mortgage
Audience: First-time and repeat homebuyers
Feature: Second mortgage, 4-year, no interest, no payments, for downpayment and closing costs
Second mortgage is forgiven in 4 years unless home is sold, refinanced or bankruptcy
Property Type: Owner-occupied 1-4 family, approved condos, townhomes, eligible manufactured housing
Funds Needed: Not declared
Income Limits: Yes, vary by area
Counseling/Classes Required: Yes, for at least 1 borrower; landlord education also required for 2-4 units
Purchase Price Limits: None
Downpayment assistance: Yes, included
Credit score: 620
Home Flex Limited 203k (Renovation)
Type: Purchase mortgage, FHA 30-year fixed-rate
Audience: First-time and repeat homebuyers, in need of renovation funds
Feature: Provides up to $35,000 for qualifying renovations and improvements, included in loan
Property Type: Owner-occupied 1-2 unit homes, approved condos, HUD-owned properties , no mfd homes
Funds Needed: Not declared
Income Limits: Yes, vary by area
Counseling/Classes Required: Not declared
Purchase Price Limits: None
Downpayment assistance: Not declared
Credit score: Not declared
Home Flex Refinance
Type: Refinance mortgage, FHA, VA or USDA 30-year fixed-rate
Audience: Low to moderate-income borrowers refinancing a current govt-insured mortgage
Feature: Cash-out available with qualifying loans, must meet eligibility
Loans cannot be closed in a trust
Property Type: Owner-occupied 1-4 family, approved condos, townhomes, eligible manufactured housing
Funds Needed: Not declared
Income Limits: Yes, vary by area
Counseling/Classes Required: No
Purchase Price Limits: None
Downpayment assistance: N/A
Credit score: 620
Home Flex Streamline Refinance
Type: Refinance mortgage, FHA, VA or USDA 30-year fixed-rate
Audience: Low to moderate-income borrowers refinancing a current govt-insured mortgage
Feature: Cash-out available with qualifying loans, must meet eligibility
Loans cannot be closed in a trust
Property Type: Owner-occupied 1-4 family, approved condos, townhomes, eligible manufactured housing
Funds Needed: Not declared
Income Limits: Yes, vary by area
Counseling/Classes Required: No
Purchase Price Limits: None
Downpayment assistance: N/A
Credit score: 620
Voucher Assisted Mortgage Option (VAMO)
Type: Home Preferred or Home Flex Purchase mortgage, conventional 30-year fixed-rate
Audience: First-time and repeat very low-income homebuyers
Feature: Use the Housing ChoiceVoucher as a portion of the monthly mortgage payment
Property Type: Owner-occupied single-family, and eligible manufactured housing on own land
Funds Needed: Not declared
Income Limits: Yes, vary by area
Counseling/Classes Required: Yes, plus additional class if using Home Start Homebuyer Tax Credit
Purchase Price Limits: None
Downpayment assistance: Not declared
Credit score: 620
Home Start Homebuyer Tax Credit (MCC)
Type: Federal Tax Credit for Mortgage Interest
Audience: First-time homebuyer (3-year rule), or buyer in a target area
Feature: Deduct up to $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, 1-unit home, 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: Not declared

New Jersey Homebuyer Assistance Programs

First-Time Homebuyer Program
Type: Purchase mortgage, 30-year fixed-rate
Audience: First-time homebuyer (3-year rule), or buyer in a target area
Feature: Below-market interest rate
Property Type: Owner-occupied single-family, approved condos, duplex, eligible manufactured 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, with available Down Payment Assistant Program (DAP)
Credit score: 620
Down Payment Assistance Program
Type: Second mortgage, interest-free, five-year forgivable second loan with no monthly payment
Audience: First-time homebuyer (3-year rule), or buyer in a target area
Feature: Must be paired with an NJHMFA first mortgage loan.
Property Type: Owner-occupied single-family, approved condos, duplex, eligible manufactured 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
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: Program rates are set semi-annually in February and August
Property Type: Owner-occupied single-family, approved condo, vacant land with contract
Funds Needed: Application fees of $1,825; closing costs; $30/mo servicing fee ($18 after 3 yrs)
Income Limits: Not declared
Counseling/Classes Required: Not declared
Purchase Price Limits: $484,350
Downpayment assistance: Yes, available with down-payment assistance or Second mortgage
Credit score: Not declared

New Mexico Homebuyer Assistance Programs

FIRSTHome
Type: Purchase mortgage, FHA, VA, USDA, HFA-Preferred, HUD Section-184, 30-year fixed-rate
Audience: First-time homebuyer (3-year rule)
Feature: Competitive interest rates
Property Type: Owner-occupied single-family, townhome, condo, PUD, manufactured homes on foundations
Funds Needed: $500 minimum commitment
Income Limits: Yes, vary by area
Counseling/Classes Required: Yes, required for borrower and co-borrower
Purchase Price Limits: Yes, vary by area
Downpayment assistance: Available with FirstDown or HomeNow Second mortgage program loans
Credit score: 620
NEXTHome
Type: Purchase mortgage, 30-year fixed rate FHA, VA, USDA or HFA Preferred conventional
Audience: First-time and repeat homebuyers
Feature: Second mortgage DAP loan is 3% of purchase price, for downpayment and closing costs
DAP loan has no monthly payments, and may be forgiven if certain conditions are met
Property Type: Owner-occupied single-family, townhome, condo, PUD, manufactured homes on foundations
Funds Needed: $500 minimum borrower contribution
Income Limits: $91,000
Counseling/Classes Required: Yes, required for first-time homebuyers and those with foreclosure
Purchase Price Limits: $340,000
Downpayment assistance: Included, with 3% DAP loan
Credit score: 620
FIRSTDown
Type: Second mortgage loan for downpayment and closing costs
Audience: First-time homebuyer (3-year rule)
Feature: Up to $8,000 loan for down payment and closing cost assistance
FIRSTDown Second mortgage must be combined with the FIRSTHome program
Property Type: Owner-occupied single-family, townhome, condo, PUD, manufactured homes on foundations
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
HOMENow
Type: Second mortgage loan for downpayment and closing costs
Audience: First-time homebuyer (3-year rule)
Feature: Up to $8,000, 0% interest rate, non-amortizing 10-year loan, due on sale or refinance
No monthly payment, loan amount may be forgiven after 10th year
Property Type: Owner-occupied single-family, townhome, condo, PUD, manufactured homes on foundations
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
NEXTDown
Type: Second mortgage loan for downpayment and closing costs
Audience: First-time and repeat homebuyers
Feature: 2nd is up to 3% of 1st loan amount, 15-year fixed rate, no monthly payments
Loan is forgiven 20% each year beginning with the 11th year, fully forgiven at the 15th year
Property Type: Owner-occupied single-family, townhome, condo, PUD, manufactured homes on foundations
Funds Needed: Lenders may charge a one-time $100 fee
Income Limits: $91,000
Counseling/Classes Required: Yes, required for first-time buyers only
Purchase Price Limits: $340,000
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: Second mortgage can be up to 5% of the purchase price for downpayment and closing costs
2nd mortgage is a 0% interest, 3-year forgivable mortgage
Property Type: Owner-occupied single-family, condo, townhome, 1-4 unit, or qualifying mfd housing
Funds Needed: One-time fee of $675
Income Limits: $98,500 for government-backed loans, Conventional loans vary by area
Counseling/Classes Required: Yes
Purchase Price Limits: $510,400
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: First-time and repeat buyers who are qualifying veteran, active military, surviving spouse
Feature: Below-market interest rate
Borrower may not own other property at the time of closing
Property Type: Owner-occupied single-family, condo, townhome, 1-4 unit, or qualifying mfd housing
Funds Needed: One-time fee of $675
Income Limits: $98,500
Counseling/Classes Required: Yes
Purchase Price Limits: $510,400
Downpayment assistance: No
Credit score: 640
Home Is Possible for Teachers
Type: Purchase mortgage, FHA, VA or USDA 30-year fixed-rate
Audience: Licensed full-time K-12 public school classroom teacher in Nevada
Feature: Second mortgage up to $7.500 for down payment and closing costs
2nd mortgage is forgivable after 5 years
Property Type: Owner-occupied single-family, condo, townhome, 1-4 unit, or qualifying mfd housing
Funds Needed: One-time fee of $675
Income Limits: $98,500
Counseling/Classes Required: Yes
Purchase Price Limits: $510,400
Downpayment assistance: Included in this program
Credit score: 640 for VA or USDA, 660 for FHA
Home Is Possible (HIP) For First-Time Homebuyers
Type: Purchase mortgage, 30-year fixed-rate with interest-free 2nd
Audience: First-time homebuyer (3-year rule)
Feature: Second mortgage of up to 4% of loan amount
2nd DPA loan is 0% interest, forgivable after 15 years (if you stay in your home)
Property Type: Owner-occupied single-family, condo, townhome, 1-4 unit, or qualifying mfd housing
Funds Needed: One-time $625 fee
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: 660

New York Homebuyer Assistance Programs

SONYMA Achieving the Dream Program
Type: Purchase mortgage, 30-year fixed-rate
Audience: First-time homebuyer (3-year rule), qualified veteran, or target area buyer
Feature: Loans with less than a 20% down payment will require Private Mortgage Insurance (PMI)
Property Type: Owner-occupied single-family, approved condo, co-op, 1-4 unit, PUD (no mfd housing)
Funds Needed: Minimum borrower contribution 1% (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: 3% down payment assistance available
Credit score: Not declared
SONYMA Low Interest Rate Program
Type: Purchase mortgage, 30-year fixed-rate
Audience: First-time homebuyer (3-year rule), qualified veteran, or target area buyer
Feature: Loans with less than a 20% down payment will require Private Mortgage Insurance (PMI)
Property Type: Owner-occupied single-family, approved condo, co-op, 1-4 unit, PUD (no mfd housing)
Funds Needed: Minimum cash contribution of 1% (3% for co-ops)
Income Limits: Yes, vary by area
Counseling/Classes Required: Yes
Purchase Price Limits: Yes, vary by area
Downpayment assistance: 3% down payment assistance available
Credit score: Not declared
Graduate to Homeownership
Type: Purchase mortgage, 30-year fixed-rate
Audience: First-time homebuyers who have earned a qualifying degree within the past 48 months
Feature: Home must be in a qualifying upstate NY community
Offers low-interest mortgage, downpayment assistance, and homebuyer education
Property Type: Owner-occupied single-family, approved condo, co-op, 1-4 unit, PUD (no mfd housing)
Funds Needed: Not declared
Income Limits: Yes, vary by area
Counseling/Classes Required: Not declared
Purchase Price Limits: Not declared
Downpayment assistance: Available with SONYMA DPA loan of up to $15,000
Credit score: Not declared
Energy Star Home Program
Type: Second mortgage for downpayment and closing costs
Audience: Buyers of newly-constructed Energy Star compliant homes
Feature: Second mortgage is the higher of $3,000 or 3% of the home purchase price (not to exceed $15,000)
Program is available with Achieving the Dream or Low Interest Rate loans
Property Type: Newly constructed single-family home or 2-unit home in target area
Funds Needed: Minimum cash contribution of 1% (3% for co-ops)
Income Limits: Yes, vary by area
Counseling/Classes Required: Yes
Purchase Price Limits: Yes, vary by area
Downpayment assistance: Interest rate is .375% lower than standard rates for loans with DPA
Credit score: Not declared
Homes for Veterans Program
Type: Purchase mortgage, 30-year fixed-rate with DPA second loan
Audience: Veteran and active military homebuyers
Feature: Interest rate 0.375% lower than standard SONYMA rates for loans with down payment help
Second mortgage is greater of $3,000 or 3% of the home price (not to exceed $15,000)
Property Type: Owner-occupied single-family, approved condo, co-op, 1-4 unit, PUD (no mfd housing)
Funds Needed: Minimum borrower cash contribution is 1%; remaining 2% can be gift
Income Limits: Yes, vary by area
Counseling/Classes Required: Not declared
Purchase Price Limits: Yes, vary by area
Downpayment assistance:
Credit score: Not declared
Remodel NY
Type: Purchase and renovation mortgage, 30-year fixed-rate with a 2nd DPA loan
Audience: Buyers of homes needing repairs
Feature: Available with the Low Interest Rate and Achieving the Dream programs at the same interest rate
$1,000 min, no max repair amount. Available with DPA loan, up to $15,000.
Property Type: Owner-occupied single-family, approved condo, co-op, 1-4 unit, PUD (no mfd housing)
Funds Needed: Minimum cash contribution of 1% (3% for co-ops)
Income Limits: Yes, vary by area
Counseling/Classes Required: Yes
Purchase Price Limits: Yes, vary by area
Downpayment assistance: Available with DPA loan, does not increase first mortgage interest rate
Credit score: Not declared
Neighborhood Revitalization Program
Type: Purchase and renovation mortgage, 30-year fixed-rate
Audience: Buyers/restorers of vacant properties in select communities (no first-time requirement)
Feature: Up to $20,000 subsidy for home repairs, provided as work is completed after closing
Can seek additional improvement funds through other lenders
Property Type: Owner-occupied single-family, approved condo, 1-4 unit, co-op, PUD (no mfd housing)
Funds Needed: Minimum cash contribution of 1% (3% for co-ops, 5% for 3-4 units)
Income Limits: Not declared
Counseling/Classes Required: Not declared
Purchase Price Limits: None
Downpayment assistance: Available with DPAL (may increase first mortgage interest rate)
Credit score: Not declared
SONYMA Conventional Plus
Type: Purchase mortgage, 30-year fixed-rate conventional with a 10-year DPA second loan
Audience: First-time and repeat homebuyers, refinancing homeowners
Feature: Includes SONYMA’s Down Payment Assistance Loan (DPAL)
Second DPA mortgage, 0% interest rate, 10 year term, no monthly payments
Property Type: Owner-occupied single-family, approved condo, co-op, 1-4 unit, PUD (no mfd housing)
Funds Needed: Not declared
Income Limits: Yes, vary by area
Counseling/Classes Required: Yes, for at least 1 borrower; landlord education also required for 2-4 units
Purchase Price Limits: None, but single-family maximum loan limit $484,350
Downpayment assistance: Yes, included in this program
Credit score: 620 for single-family; 680 for 2-4 unit properties
SONYMA FHA Plus
Type: Purchase mortgage, 30-year fixed-rate FHA with a 10-year DPA second loan
Audience: First-time and repeat homebuyers, refinancing homeowners
Feature: Includes SONYMA’s Down Payment Assistance Loan (DPAL)
Second DPA mortgage, 0% interest rate, 10 year term, no monthly payments
Property Type: Owner-occupied single-family, approved condo, co-op, 1-4 unit, PUD (no mfd housing)
Funds Needed: Minimum cash contribution of 1% (3% for co-ops)
Income Limits: Yes, vary by area
Counseling/Classes Required: Yes, for at least 1 borrower; landlord education also required for 2-4 units
Purchase Price Limits: None, but single-family maximum loan limit $484,350
Downpayment assistance: Yes, included with this program
Credit score: Not declared
Manufactured Home Advantage Program
Type: Purchase or refinance mortgage, 30-year fixed-rate
Audience: First-time and repeat homebuyers, refinancing homeowners
Feature: Purchase mfd home you are renting, replace your mfd home, refinance, or first-time buyer of mfd home
If foreclosure occurs, SONYMA guarantees lot rent payment until rented or sold
Property Type: Manufactured home on permanent foundation (leased land has add'l requirements)
Funds Needed: Not declared
Income Limits: Not declared
Counseling/Classes Required: Not declared
Purchase Price Limits: Not declared
Downpayment assistance: Not declared
Credit score: Not declared
SONYMA Down Payment Assistance Loan (DPAL)
Type: Second mortgage, 0% interest rate, 10 year term, no monthly payments
Audience: First-time homebuyer (3-year rule), qualified veteran, or target area buyer
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: Owner-occupied single-family, approved condo, co-op, 1-4 unit, PUD (no mfd housing)
Funds Needed: Minimum cash contribution of 1% (3% for co-ops)
Income Limits: Yes, vary by area
Counseling/Classes Required: Yes
Purchase Price Limits: None, but single-family maximum loan limit $484,350
Downpayment assistance: Yes, this is
Credit score: Not declared

Ohio Homebuyer Assistance Programs

First Time Homebuyer Program / Market Rate Program
Type: Purchase mortgage, FHA, VA, USDA or Conventional 30-year fixed-rate
Audience: First-time homebuyer (3-year rule), qualified veteran, or target area buyer
Feature: Market rate interest rates
Can be combined with a DPA program, and Mortgage Tax Credit program
Property Type: Single-family home, approved condo, duplex, 1-4 unit, some modular homes
Funds Needed: Not declared
Income Limits: Yes, vary by area, loan type and family size
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 - 660, depending upon loan type
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 unit, some modular homes
Funds Needed: Not declared
Income Limits: Yes, vary by area, loan type and family size
Counseling/Classes Required: Yes
Purchase Price Limits: Yes, vary by area
Downpayment assistance: Yes, available with 5% Your Choice! DPA Program
Credit score: 640 - 650, depending upon loan type
Ohio Heroes Program
Type: Purchase mortgage, 30-year fixed-rate with a 7-year DPA Second mortgage
Audience: Veterans, Active Military, Police, Firefighter, Healthcare, Teachers
Feature: Downpayment assistance (DPA) is 7-year, 0% interest, fully forgiven at 7th year
DPA is due upon sale or refinance if either occur within the first 7 years after closing date
Property Type: Single-family home, approved condo, duplex, 1-4 unit, some modular homes
Funds Needed: Not declared
Income Limits: Yes, vary by area, loan type and family size
Counseling/Classes Required: Yes
Purchase Price Limits: Yes, vary by area
Downpayment assistance: Yes, included
Credit score: 640 - 650, depending upon loan type
Grants for Grads Program
Type: Purchase mortgage, 30-year fixed-rate with a 5-year DPA Second mortgage
Audience: Qualifying college graduates (within 48 months) who are first-time homebuyers (3-year rule)
Feature: Downpayment assistance (DPA) is 5-year, 0% interest, fully forgiven after 5 years
DPA is due upon sale or refinance if either occur within the first 5 years after closing date
Property Type: Limited to 1-unit property
Funds Needed: Not declared
Income Limits: Yes, vary by area, loan type and family size
Counseling/Classes Required: Yes
Purchase Price Limits: Yes, vary by area
Downpayment assistance: Yes, included
Credit score: 640 - 650, depending upon loan type
Target Area Loan Program
Type: Purchase mortgage, FHA, VA, USDA or Conventional 30-year fixed-rate
Audience: Borrowers who meet the requirements buying in a target area
Feature: Property must be in a federally designated target area
Downpayment assistance is available with this loan
Property Type: Single-family home, approved condo, duplex, 1-4 unit, some modular homes
Funds Needed: Not declared
Income Limits: Yes, vary by area, loan type and family size
Counseling/Classes Required: Yes
Purchase Price Limits: Yes, vary by area
Downpayment assistance: Yes, available
Credit score: 640 - 650, depending upon loan type
Your Choice! Down Payment Assistance
Type: Second mortgage, forgiven after 7 years if still in home
Audience: Buyer with an OHFA Ohio Heroes or Next Home loan
Feature: 2.5% or 5% of purchase price for downpayment and closing costs
Repayable if buyer sells home or refinances first mortgage prior to seven years
Property Type: Single-family home, approved condo, duplex, 1-4 unit, some modular homes
Funds Needed: Not declared
Income Limits: Yes, vary by area, loan type and family size
Counseling/Classes Required: Yes
Purchase Price Limits: Yes, vary by area
Downpayment assistance: Yes
Credit score: 640 - 650, depending upon loan type
OHFA Advantage Program
Type: Grant for downpayment and closing costs
Audience: First-time and repeat homebuyers
Feature: Can only be used with Conventional loans. Can be paired with 2nd DPA loan.
$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 unit, some modular homes
Funds Needed: Not declared
Income Limits: Yes, vary by area, loan type and family size
Counseling/Classes Required: Yes
Purchase Price Limits: Yes, vary by area
Downpayment assistance: Yes
Credit score: 640 - 650, depending upon loan type
Mortgage Tax Credit (MTC)
Type: Federal Tax Credit for Mortgage Interest
Audience: First-time homebuyer (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 unit, some modular homes
Funds Needed: Not declared
Income Limits: Yes, vary by area, loan type and family size
Counseling/Classes Required: Yes
Purchase Price Limits: Yes, vary by area
Downpayment assistance: Yes
Credit score: 640 - 650, depending upon loan type

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: Includes downpayment assistance grant of 3.5% of the 1st mortgage amount
Property Type: Single-family, approved condo, townhouse, eligible manufactured home
Funds Needed: Not declared
Income Limits: Yes, vary by area
Counseling/Classes Required: Required if all borrowers are first-time home buyers
Purchase Price Limits: $294,515 (Gov't), $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 buyers in target areas
Feature: Downpayment assistance grant up to 3.5% of first loan amount, not repayable
Property Type: Single-family, approved condo, townhouse, eligible manufactured home
Funds Needed: Not declared
Income Limits: Yes, vary by area and loan type
Counseling/Classes Required: Required if all borrowers are first-time home buyers
Purchase Price Limits: $276,100
Downpayment assistance: Yes, included
Credit score: 640
OHFA Gold Freddie Mac Advantage
Type: Purchase mortgage, 30-year fixed-rate, with Down Payment Assistance (DPA) Grant
Audience: First-time and repeat homebuyers
Feature: May own other residential property if borrower has rented 3 yrs since home was their primary residence
Downpayment assistance grant up to 3.5% of first loan amount, not repayable
Property Type: Single-family, approved condo, townhouse, (no manufactured homes)
Funds Needed: Not declared
Income Limits: Yes, vary by area
Counseling/Classes Required: Yes, required for at least one borrower
Purchase Price Limits: $283,348
Downpayment assistance: Yes, included
Credit score: 640
OHFA Shield
Type: Purchase mortgage, 30-year fixed-rate, with Down Payment Assistance (DPA)
Audience: First-time or target-area homebuyers who are law enforcement, firefighter or emergency medical
Feature: Quarter-percent deduction in first mortgage rate
Downpayment assistance grant up to 3.5% of first loan amount, not repayable
Property Type: Single-family, approved condo, townhouse, eligible mfd housing
Funds Needed: Not declared
Income Limits: Yes, vary by area
Counseling/Classes Required: Not declared
Purchase Price Limits: $283,348
Downpayment assistance: Yes, included
Credit score: 640
OHFA 4Teachers
Type: Purchase mortgage, 30-year fixed-rate, with Down Payment Assistance (DPA)
Audience: Teachers who are first-time homebuyers (except in target areas)
Feature: Quarter-percent deduction in first mortgage rate
Downpayment assistance up to 3.5% of first loan amount, not repayable
Property Type: Single-family, approved condo, townhouse, eligible 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

Oregon Homebuyer Assistance Programs

Oregon Bond Residential Loan / Cash Advantage Program
Type: Purchase mortgage, 30-year fixed-rate, with Down Payment Assistance (DPA)
Audience: First-time homebuyer (3-year rule), or buyer in a target area
Feature: Includes cash assistance equal to 3% of their loan amount
Recapture fee may apply if home is sold within first 9 years
Property Type: Single-family, approved condo, PUD, eligible 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
Oregon Bond Residential Loan / Rate Advantage Program
Type: Purchase mortgage - FHA, VA, USDA or Conventional 30-year fixed-rate
Audience: First-time homebuyer (3-year rule), or buyer in a target area
Feature: Lowest rate available, with no downpayment assistance
Recapture fee may apply if home is sold within first 9 years
Property Type: Single-family, approved condo, PUD, eligible 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 allowed
Credit score: Not declared
HOAP Down Payment Assistance Programs
Type: Down payment assistance grant
Audience: First-time homebuyer (3-year rule), or buyer in a target area
Feature: Up to $15,000.00 for down payment and/or closing costs
For low-and very low-income families
Property Type: Owner-occupied homes
Funds Needed: Not declared
Income Limits: Yes, vary by area
Counseling/Classes Required: Yes, required
Purchase Price Limits: Yes, vary by area
Downpayment assistance: Yes
Credit score: Not declared

Pennsylvania Homebuyer Assistance Programs

HFA Preferred (Lo MI)
Type: Purchase or refinance mortgage, 30-year fixed-rate
Audience: First-time and repeat homebuyers, refinancing homeowners
Feature: Low cost private mortgage insurance (PMI) with less than 20% downpayment
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, online available (if credit score is below 680, in-person class required)
Purchase Price Limits: Yes, vary by area
Downpayment assistance: Yes, available with Keystone Advantage Assistance loan
Credit score: Not declared
Keystone Home Loan
Type: Purchase mortgage - FHA, VA, USDA or Conventional 30-year fixed-rate
Audience: First-time homebuyer (3-year rule), qualified veteran, or target area buyer
Feature: Not all participating lenders offer FHA, VA or RD loans; find a lender that fits your needs
Recapture tax may apply if home sold within first nine years
Property Type: Single-family, approved condo, townhouse, PUD, co-op, eligible manufactured housing
Funds Needed: Not declared
Income Limits: Yes, vary by area
Counseling/Classes Required: Yes, online available (if credit score is below 680, in-person class required)
Purchase Price Limits: Yes, vary by area
Downpayment assistance: Yes, available with Keystone Advantage Assistance loan
Credit score: Not declared, except 660 for Conventional loan
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: Owner-occupied single-family, condo, 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, available with Keystone Advantage Assistance loan
Credit score: Not declared
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, approved condo, townhouse, PUD, co-op, eligible 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, this is
Credit score: 660
HOMEstead Downpayment and Closing Cost Assistance Loan
Type: Second mortgage, 0% interest rate, 5 year term,
Audience: First-time homebuyer (3-year rule) or single-parent target-area buyers
Feature: Min $1,000, max $10,000 loan, forgiven at 20% per year (no payments)
This program is not available with a Keystone Government Loan, or the HFA Preferred loan program
Property Type: Single-family, approved condo, townhouse, PUD, co-op, eligible manufactured housing
Funds Needed: Not declared
Income Limits: Yes, vary by area
Counseling/Classes Required: Yes, required
Purchase Price Limits: Yes, vary by area
Downpayment assistance: Yes
Credit score: Not declared
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 participating companies
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: 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
Includes funds to renovate the home according to needs
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, available with HOMEstead Downpayment and Closing Cost Assistance Loan
Credit score: Not declared
Purchase and Improvement Home Loan
Type: Purchase and Improvement Conventional loan, 30-year fixed-rate
Audience: Conventional Keystone Home Loan borrowers needing repair funds
Feature: With repair amount, loan cannot exceed county guidelines
Amount included in first loan, from $1,000 to $15,000 for home improvements/repairs
Property Type: Owner-occupied single-family, condo, 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, available with Keystone Advantage Assistance loan
Credit score: Not declared
Mortgage Credit Certificate
Type: Federal Tax Credit for Mortgage Interest
Audience: First-time homebuyer (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: 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: N/A
Credit score: Not declared

Rhode Island Homebuyer Assistance Programs

First-time Homebuyer Loan
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, 1-4 family home, approved condos
Funds Needed: Not declared
Income Limits: $95,948 (1-2 person household) or $110,341 (3+ person household)
Counseling/Classes Required: Yes, for first-time homebuyers
Purchase Price Limits: $454,258 for a one- to four-family home or eligible condominium
Downpayment assistance: Yes, included
Credit score: Not declared
Homebuyer Renovation Loans / 203(k)
Type: Purchase and renovation mortgage, 30-year fixed-rate
Audience: Borrowers purchasing a home that needs renovations
Feature: Finances the mortgage and renovations; 100% financing available (no down payment)
Construction must be done by state-licensed general contractor
Property Type: Single-family homes, 1-4 family home, approved condos
Funds Needed: Not declared
Income Limits: $95,948 (1-2 person household) or $110,341 (3+ person household)
Counseling/Classes Required: Yes
Purchase Price Limits: $454,258 for a one- to four-family home or eligible condominium
Downpayment assistance: No downpayment required with this loan, 100% financing
Credit score: Not declared
FirstDown
Type: Second mortgage, up to $7,500 with 0% interest, 5-year term
Audience: First-time homebuyer (3-year rule), qualified veteran, or target area buyer
Feature: Loan forgiven after 5 years if property still owner-occupied
Available in Cranston, Pawtucket, Providence, Warwick, Woonsocket and East Providence communities
Property Type: Single-family homes, 1-4 family home, approved condos
Funds Needed: Not declared
Income Limits: $95,948 (1-2 person household) or $110,341 (3+ person household)
Counseling/Classes Required: Yes, for first-time homebuyers
Purchase Price Limits: $454,258 for a one- to four-family home or eligible condominium
Downpayment assistance: Yes, for first-time homebuyers
Credit score: Not declared
LeadSafe Homes Program
Type: Renovation loan for lead paint abatement, 5 to 10-year forgivable loans up to $10,000,
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: No out-of-pocket expenses
Income Limits: Not declared
Counseling/Classes Required: No
Purchase Price Limits: N/A
Downpayment assistance: N/A
Credit score: Not declared
Spring7500
Type: $7,500 Downpayment Assistance Loan
Audience: First-time homebuyer (3-year rule)
Feature: Available only on RIHousing-funded first mortgage
Property Type: Single-family homes, 1-4 family home, approved condos
Funds Needed: Not declared
Income Limits: $95,948 (1-2 person household) or $110,341 (3+ person household)
Counseling/Classes Required: Yes, for first-time homebuyers
Purchase Price Limits: $454,258 for a one- to four-family home or eligible condominium
Downpayment assistance: Yes, this is
Credit score: 660
FirstHome Tax Credit (MCC)
Type: Federal Tax Credit for Mortgage Interest
Audience: First-time homebuyer (3-year rule), or buyer in a target area
Feature: Deduct up to 20% of interest costs, capped at $2,000 annually, for life of loan
Property must remain buyer's primary residence, or Recapture Tax may apply
Property Type: Single-family homes, 1-4 family home, approved condos
Funds Needed: $100 Reservation Fee; other processing fees may apply
Income Limits: $95,948 (1-2 person household) or $110,341 (3+ person household)
Counseling/Classes Required: Yes
Purchase Price Limits: $454,258 for a one- to four-family home or eligible condominium
Downpayment assistance: FirstHome Tax Credit (MCC) can be combined with downpayment assistance
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 homebuyer (3-year rule), or buyer in a target area
Feature: Conventional offers reduced private mortgage insurance costs
Property Type: Owner-occupied 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 DPA (down payment assistance) program used
Purchase Price Limits: $225,000 - $300,000 depending upon loan term and area
Downpayment assistance: Yes, available Forgivable Down Payment Assistance
Credit score: 640
Palmetto Home Advantage
Type: Purchase mortgage, conventional 30-year fixed-rate
Audience: First-time and repeat homebuyers
Feature: Offers reduced private mortgage insurance costs
Available 0% interest, forgivable second mortgage of 3%, 4% or 5%
Property Type: Owner-occupied single-family homes, approved condos, townhomes, some modular homes
Funds Needed: Not declared
Income Limits: Yes, vary by area
Counseling/Classes Required: Yes, if DPA (down payment assistance) program used
Purchase Price Limits: None declared
Downpayment assistance: Yes, available Forgivable Down Payment Assistance
Credit score: Not declared
Forgivable Down Payment Assistance
Type: Second mortgage, 0% interest rate, 10 or 20 year term, no monthly payments
Audience: First-time homebuyer (3-year rule), or buyer in a target area
Feature: Up to $6,000 available, forgiven at maturity
Property Type: Owner-occupied 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 - $300,000 depending upon loan term and area
Downpayment assistance: Yes
Credit score: Not declared
Hardest Hit Fund (HHF) 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
Funding is limited and the program is offered on a first-come, first-served basis, beginning Oct 15, 2019
Property Type: Owner-occupied 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 - $300,000 depending upon loan term and area
Downpayment assistance: Yes
Credit score: 620
Mortgage Credit Certificate
Type: Federal Tax Credit for Mortgage Interest
Audience: First-time homebuyer (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 homes, approved condos, townhomes, approved mfd housing
Funds Needed: Max allowed fee is $800
Income Limits: Yes, vary by area
Counseling/Classes Required: Yes
Purchase Price Limits: $225,000 - $300,000 depending upon loan term and area
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 homebuyer (3-year rule), qualified veteran, 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: $275,000, or $336,000 for target area or repeat homebuyer
Downpayment assistance: None
Credit score: Not declared
Fixed Rate Plus Program
Type: Purchase mortgage, FHA, VA, USDA or conventional 30-year fixed-rate
Audience: First-time homebuyer (3-year rule), qualified veteran, or target area buyer
Feature: Includes 3% non-repayable loan 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: $275,000, or $336,000 for target area or repeat homebuyer
Downpayment assistance: Yes, included
Credit score: Not declared
Community Home Improvement Program (CHIP)
Type: Improvement or repair loan for borrower's present single family home
Audience: Homeowners needing improvement funds
Feature: The interest rate for CHIP Loans is 2.9%
Level monthly payments; loan amounts and terms are determined on an individual basis
Property Type: Single-family homes
Funds Needed: Not declared
Income Limits: $90,360 for family of two; $105,420 for 3 or more
Counseling/Classes Required: No
Purchase Price Limits: N/A
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: $90,360 for family of two; $105,420 for 3 or more
Counseling/Classes Required: Yes, with conventional loans (optional for govt-backed loans)
Purchase Price Limits: $336,000 for single-family; different limits for 2- to 4-unit dwellings
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: $52,710 for couples or individuals and $60,240 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
Downpayment assistance: N/A
Credit score: Not declared
Down Payment Assistance
Type: Second mortgage, 0% interest rate, no monthly payments
Audience: First-time homebuyer (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 homebuyer (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: $250 Tax Credit Fee
Income Limits: Yes, vary by area
Counseling/Classes Required: Yes, with conventional loans (optional for govt-backed loans)
Purchase Price Limits: $275,000, or $336,000 for target area or repeat homebuyer
Downpayment assistance: N/A
Credit score: Not declared

Tennessee Homebuyer Assistance Programs

Great Choice Home Loan
Type: Purchase mortgage - FHA, VA, USDA or Conventional 30-year fixed-rate
Audience: First-time homebuyer (3-year rule), qualified veteran, or target area buyer
Feature:
Property Type: Single-family homes, approved condos, 1-4 unit properties
Funds Needed: Not declared
Income Limits: Yes, vary by area
Counseling/Classes Required: Recommended but not required
Purchase Price Limits: Yes, vary by area
Downpayment assistance: Available with the Great Choice Plus program
Credit score: 640
Great Choice Plus
Type: Second mortgage, forgivable, 0% interest rate, 30-year term
Audience: First-time homebuyer (3-year rule), qualified veteran, or target area buyer
Feature: Up to 5% of purchase price, no payments required
Balance of loan must be repaid upon sale or refinance of home
Property Type: Single-family homes, approved condos, 1-4 unit properties
Funds Needed: Not declared
Income Limits: Yes, vary by area
Counseling/Classes Required: Yes
Purchase Price Limits: Yes, vary by area
Downpayment assistance: Yes, included
Credit score: 640
Homeownship for the Brave program
Type: Purchase mortgage - FHA, VA or USDA-backed 30-year fixed-rate
Audience: Veteran and active military homebuyers and spouses
Feature: 0.5% interest rate reduction from Great Choice program
Borrow up to 100% of home price with a VA loan or 96.5% with FHA or USDA loans
Property Type: Single-family homes, approved condos, 1-4 unit properties
Funds Needed: Not declared
Income Limits: Yes, vary by area
Counseling/Classes Required: Yes
Purchase Price Limits: Yes, vary by area
Downpayment assistance: Yes, available with the Great Choice Plus DPA progam
Credit score: 640
Tennessee Repair Home Loan Program
Type: 5-year loan for repairs and improvements, up to $25,000 with 0% interest
Audience: Low income veterans, seniors. or homeowners with special needs
Feature: No monthly payments, loan is forgivable after 5 years (20% per year)
Must have owned and occupied your home for at least 5 years
Property Type: Single-family and manufactured homes
Funds Needed: Not declared
Income Limits: Yes, vary by area
Counseling/Classes Required: Yes
Purchase Price Limits: Yes, vary by area
Downpayment assistance: Available with the Great Choice Plus program
Credit score: Not declared
Take Credit Mortgage Credit Certificate (MCC)
Type: Federal Tax Credit for Mortgage Interest
Audience: First-time homebuyer (3-year rule), qualified veteran, or target area buyer
Feature: Deduct up to 50% of interest costs, capped at $2,000 annually, for life of loan
Property must remain buyer's primary residence, or Recapture Tax may apply
Property Type: Single-family homes, approved condos, 1-4 unit properties
Funds Needed: Not declared
Income Limits: Yes, vary by area
Counseling/Classes Required: Yes
Purchase Price Limits: Yes, vary by area
Downpayment assistance: N/A
Credit score: Not declared

Texas Homebuyer Assistance Programs

My First Texas Home
Type: Purchase mortgage, 30-year fixed-rate, optional 30-yr second mortgage for downpayment costs
Audience: First-time homebuyer (3-year rule), qualified veteran, or target area buyer
Feature: Second mortgage of up to 5% of purchase price for downpayment/closing costs, 0% interest, no payments
Second mortgage balance must be repaid on sale of home or refinance
Property Type: Owner-occupied single-family, townhouse, condo, 1-4 units, eligible mfd homes
Funds Needed: Not declared
Income Limits: Yes, vary by area
Counseling/Classes Required: Yes
Purchase Price Limits: Yes, vary by area
Downpayment assistance: Yes, included
Credit score: 620
My Choice Texas Home
Type: Purchase mortgage, 30-year fixed-rate, optional 30-yr second mortgage for downpayment costs
Audience: First-time and repeat homebuyers
Feature: Second mortgage of up to 5% of purchase price for downpayment/closing costs, 0% interest, no payments
2nd mortgage balance must be repaid on sale or refinance
Property Type: Owner-occupied single-family, townhouse, condo, 1-4 units, some mfd homes
Funds Needed: Not declared
Income Limits: Yes, vary by area
Counseling/Classes Required: Yes
Purchase Price Limits: Yes, vary by area
Downpayment assistance: Yes, included
Credit score: 620
Homes for Texas Heroes
Type: Purchase mortgage - FHA, VA, USDA or Conventional 30-year fixed-rate
Audience: Police, firefighters, EMS, teachers, veterans and other homebuyers
Feature: DPA provided as a no-repayment grant or forgivable second mortgage
Optional second loan: 0% interest, no monthly payments, repayable upon sale or transfer
Property Type: Owner-occupied single-family, townhouse, condo, 1-4 units, some mfd homes
Funds Needed: Not declared
Income Limits: Yes, vary by area
Counseling/Classes Required: Yes
Purchase Price Limits: Yes, vary by area
Downpayment assistance: Yes, included
Credit score: 620
Home Sweet Texas Home
Type: Purchase mortgage - FHA, VA, USDA or Conventional 30-year fixed-rate
Audience: First-time and repeat homebuyers
Feature: DPA provided as a no-repayment grant or forgivable second mortgage
Optional second loan: 0% interest, no monthly payments, repayable upon sale or transfer
Property Type: Owner-occupied single-family, townhouse, condo, 1-4 units, some mfd homes
Funds Needed: Not declared
Income Limits: Yes, vary by area
Counseling/Classes Required: Yes
Purchase Price Limits: Yes, vary by area
Downpayment assistance: Yes, included
Credit score: 620
DPA Second Lien Loan
Type: Second lien is 0% interest, no monthly payments, forgivable
Audience: Qualifying borrowers with a TSAHC Conventional (HFA) first mortgage
Feature: Includes up to 5% assistance toward down payment and closing costs
This lien is due and payable upon sale, transfer or refinance of property within first 3 years
Property Type: Owner-occupied single-family, townhouse, condo, 1-4 units, some mfd homes
Funds Needed: None
Income Limits: Yes, vary by area
Counseling/Classes Required: Yes
Purchase Price Limits: Yes, vary by area
Downpayment assistance: Yes
Credit score: 620
Mortgage Credit Certificate
Type: Federal Tax Credit for Mortgage Interest
Audience: First-time homebuyer (3-year rule), qualified veteran, or target area buyer
Feature: Deduct up to 25% of interest costs, capped at $2,000 annually, for life of loan
Property must remain buyer's primary residence, or Recapture Tax may apply
Property Type: Owner-occupied single-family, townhouse, condo, 1-4 units, some mfd homes
Funds Needed: Issuance fee of $250
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

Utah Homebuyer Assistance Programs

First Home Loan
Type: Purchase mortgage, FHA or VA-backed 30-year fixed-rate
Audience: First-time homebuyers, or qualifying single parents and veterans
Feature: Available DPA loan up to 6% of the first loan amount for downpayment and closing costs
Property Type: Single-family homes, approved condos, PUDs, some manufactured housing
Funds Needed: Not declared
Income Limits: Yes, vary by area
Counseling/Classes Required: No
Purchase Price Limits: Yes, vary by area
Downpayment assistance: Yes, included
Credit score: 660
Home Again Loan
Type: Purchase mortgage - FHA, VA or Conventional 30-year fixed-rate
Audience: First-time and repeat homebuyers
Feature: Available DPA loan up to 6% of the first loan amount for downpayment and closing costs
Second downpayment loan rate is 2% above first mortgage rate
Property Type: Single-family homes, approved condos, PUDs, some manufactured housing
Funds Needed: Not declared
Income Limits: Yes, vary by area
Counseling/Classes Required: No
Purchase Price Limits: Yes, vary by area
Downpayment assistance: Yes, included
Credit score: 660
Score Loan
Type: Purchase mortgage - FHA, VA or Conventional 30-year fixed-rate
Audience: First-time and repeat homebuyers
Feature: Up to 4% of the first loan amount available for down payment and closing costs
Second downpayment loan rate is 2% above first mortgage rate
Property Type: Single-family homes, approved condos, PUDs, some manufactured housing
Funds Needed: Not declared
Income Limits: $82,500
Counseling/Classes Required: Yes, one buyer must complete
Purchase Price Limits: $310,000
Downpayment assistance: Yes, included
Credit score: 620
NoMI Loan
Type: Purchase mortgage, conventional 30-year fixed-rate
Audience: First-time and repeat homebuyers
Feature: Up to 5% of the first loan amount available for down payment and closing costs
Second downpayment loan rate is 2% above first mortgage rate
Property Type: Single-family homes, approved condos, PUDs (no manufactured housing)
Funds Needed: 3% downpayment required
Income Limits: Yes, vary by area
Counseling/Classes Required: Yes
Purchase Price Limits: Yes, vary by area
Downpayment assistance: Yes, included
Credit score: 700
NoMI Grant
Type: Assistance grant for downpayment and closing costs, non-repayable
Audience: Lower income borrowers purchasing a home with a Utah Housing NoMI loan
Feature: Eligible home buyers with less than 80% of Area Median Income receive $1,500 grant
Property Type: Single-family homes, approved condos, PUDs (no manufactured housing)
Funds Needed: Not declared
Income Limits: Yes, vary by area
Counseling/Classes Required: Yes
Purchase Price Limits: Yes, vary by area
Downpayment assistance: Yes
Credit score: Not declared
Grants for Veterans
Type: Assistance grant for downpayment and closing costs, non-repayable
Audience: First-time Utah home buyers who are military or veterans (may have owned a home in another state)
Feature: Eligible veterans receive up to $2,500 non-repayable grant
Property Type: Single-family homes, approved condos, PUDs (no manufactured housing)
Funds Needed: Not declared
Income Limits: Not declared
Counseling/Classes Required: No
Purchase Price Limits: Not declared
Downpayment assistance: Yes
Credit score: Not declared
Down Payment Assistance (DPA)
Type: Second mortgage loan, 30-year fixed-rate, for down payment assistance and closing costs
Audience: Qualifying borrowers with a UHC first mortgage
Feature: Up to 6%, depending upon loan, toward down payment and closing costs
Balance may be due and payable upon sale, transfer or refinance of property
Property Type: Owner-occupied single-family, townhouse, condo, 1-4 units, some mfd homes
Funds Needed: Not declared
Income Limits: Yes, vary by area
Counseling/Classes Required: Not declared
Purchase Price Limits: Yes, vary by area
Downpayment assistance: Yes
Credit score: Not declared

Virginia Homebuyer Assistance Programs

Fannie Mae HFA Preferred No MI
Type: Purchase or refinance mortgage, conventional 30-year fixed-rate
Audience: First-time and repeat homebuyers
Feature: If pairing with DPA or using MCC, must be first-time homebuyer
No mortgage insurance required
Property Type: Owner-occupied single-family, approved condos (no manufactured housing)
Funds Needed: None
Income Limits: Yes, vary by area
Counseling/Classes Required: Required for one of all borrowers that are First-Time Homebuyers
Purchase Price Limits: Yes, vary by area
Downpayment assistance: Yes, available with DPA Grant or Plus Second mortgage
Credit score: 660
Fannie Mae HFA Preferred with Reduced MI
Type: Purchase or refinance mortgage, conventional 30-year fixed-rate
Audience: First-time and repeat homebuyers
Feature: If pairing with DPA or using MCC, must be first-time homebuyer
Borrowers can own a maximum of 2 financed properties per Fannie Mae requirements
Property Type: Owner-occupied single-family, approved condos (no manufactured housing)
Funds Needed: None
Income Limits: Yes, vary by area
Counseling/Classes Required: Required for one of all borrowers that are First-Time Homebuyers
Purchase Price Limits: Yes, when paired with second mortgage or grant for downpayment assistance
Downpayment assistance: Yes, available with DPA Grant or Plus Second mortgage
Credit score: 640
FHA
Type: Purchase mortgage, FHA 30-year fixed-rate
Audience: First-time homebuyer (3-yea