Downpayment Grant Programs In All 50 States
/When it comes to buying a home, the process is very different from that of other major purchases. Most buyers must secure a loan known as a mortgage from a bank, credit union, or lending company.
One requirement for being approved for this loan is putting a portion of the home price, or down payment, towards the cost as a deposit. A typical down payment for a conventional mortgage is 20% of the home price. For a $200,000 home, that’s $40,000 of your own cash that you’ll have to pay upfront. While there are other loans that have smaller down payment requirements, this requirement can still be a barrier to home ownership. The good news is that each state has grant programs that offer funds for down payments, closing costs, and more.
Downpayment Grants Listed by State
Are you looking for down payment assistance? See what’s available in your state.
Alabama
Mobile County Down Payment Assistance Program - Provides up to $10,000 grant for Mobile County, AL, buyers with income requirements
Homeownership Down Payment Assistance Program - Offers up to $15,000 for first-time home buyers
Alaska
Home Opportunity Program - Zero-interest, forgivable loan of $10,000 with income requirements for first-time buyers
Arizona
Family Housing Resources Down Payment Assistance - Assists with 3.5% of Pima County home purchases or up to $3,700
HOME Plus Program - Forgivable loan of up to 5% with income requirements
Arkansas
Arkansas Dream Down Payment Initiative - Forgivable loan of up to 10% of home price or $10,000 with income requirements for first-time buyers
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California
CalHFA My Home Assistance Program - Deferred payment loan of up to 3% of property value for first-time buyers
GSFA Platinum Program - Down payment or closing cost assistance of up to 5% of total mortgage
Colorado
Turnkey Plus Mortgage Program - Down payment grant of up to 4% for El Paso County buyers
Metro Mortgage Assistance Plus Program - Down payment assistance of up to 4% with eligibility requirements
Connecticut
HouseHartford Homebuyer Assistance Program - Forgivable loan of up to 20% of home price or $40,000 with income requirements
Delaware
New Castle County ReVaMP Program - Forgivable, zero-interest, 5-year deferred loan of up to $5,000 with income limits and property value limits
Florida
Hardest Hit Fund Down Payment Assistance - Covers up to $15,000 as a loan, fully forgiven after 5 years with eligibility requirements
Palm Bay HOME Down Payment Assistance Program - Provides up to $17,881.50 in a forgivable loan for first-time buyers with income limits
Georgia
Georgia Dream Homeownership Program - Up to $5,000 or $7,500 for buyers of homes in certain locations with income and property value limits
Homestretch Down Payment Assistance Program - Up to $7,500 for first-time buyers as a zero-interest, forgivable loan
Hawaii
Honolulu Down Payment Loan Program - Provides up to $40,000 as a zero-interest, zero-fee loan over 20 years
Idaho
Good Credit Rewards Program - Down payment or closing cost assistance of up to the lesser of 2.5% of property value or $8,000
Illinois
Down Payment Plus Programs - Forgivable loan of up to $6,000, depending on buyer contribution, that covers down payment, closing costs, or rehabilitation costs
1stHomeIllinois - Grant of up to $7,500 for first-time buyers and veterans with location-based income limits
Indiana
City of Gary Indiana First Time Home Buyer Down Payment Assistance - Forgivable loan of up to the lesser of 10% of the purchase price or $10,000 for first-time buyers with income limits
Indiana Home Solution Program - Forgivable loan of up to 3% or 4% of the purchase price, depending on the type of mortgage
Iowa
FirstHome Plus - Grant of up to $2,500 for first-time buyers, veterans or purchasers of homes in targeted areas
Kansas
Kansas Housing Assistance Program - Cash of up to 4% of the purchase price for first-time buyers, unless the property is in a Federally Designated Targeted Area
Kentucky
Hardest Hit Fund Down Payment Assistance - Provides up to $10,000 as a forgivable, zero-interest, 5-year second mortgage for first-time buyers
Louisiana
Expand to Homeownership - Grant of up to 4% of the loan with income and loan-dependent mortgage limits
LHC Preferred Conventional Program - Provides assistance of up to 4% with income limits
Maine
First Home Loan Program - Offers up to $5,000 for down payment or closing costs for first-time buyers with mortgages from a list of approved lenders
Maryland
Maryland Mortgage Program - A zero-interest, deferred loan of up to $5,000 that includes matching funds from participating partners
Home Stretch Down Payment Assistance Program - Forgivable loan of up to $10,000 for first-time buyers of homes in the City of Takoma Park
Massachusetts
Operation Welcome Home - Down payment assistance of $2,500 with location-based income limits for active-duty military, vets, members of the Reserves and National Guard, and Gold Star families
City of Cambridge Down Payment Assistance - Covers up to 6% of the purchase price for first-time buyers as a forgivable loan for homes in Cambridge, MA
Michigan
Michigan First Home Down Payment Assistance - Up to $7,500 as a zero-interest, zero-monthly payment loan to be repaid upon sale, transfer, refinance, or mortgage repayment
Michigan Next Home Down Payment Assistance - Zero-interest, zero-monthly payment loan of $7,500 or 4% of the sale price for repeat buyers
Minnesota
NeighborhoodLIFT - Provides matching funds of up to $7,500 for down payment assistance for qualified properties in Minneapolis or Saint Paul with income limits
Project Reinvest - Zero-interest, deferred loan of up to $10,500 for Minneapolis or Saint Paul property financed with a Project Reinvest-certified mortgage
Mississippi
Mortgage Revenue Bond - Cash advance or deferred loan of up to 3.5% of the purchase price for first-time buyers with income limits
Missouri
First Time Homebuyer Program - Income-based assistance of up to the lesser of $3,000 or 50% of the down payment for first-time buyers, single parents, or displaced homemakers
Missouri Housing Development Commission DPA Program - Forgivable loan of up to 4% of the mortgage for down payment or closing costs
Montana
NeighborWorks Montana - Zero-interest, deferred loans ranging from $2,500 to $25,000 (or $40,000 in some cases) to cover gaps in financing and total purchase costs
Nebraska
NIFA Loan Programs - Homebuyer assistance loan of up to 5% of the purchase price or $10,000
Nevada
Home Is Possible Down Payment Assistance Grant - First-time buyer grant of up to 4% of the loan with location-based income requirements
New Hampshire
Home Flex Plus - Cash funds of up to 3% of the Home Flex mortgage with income limits for qualified properties
New Jersey
NJHMFA Down Payment Assistance Program - Forgivable loan of up to $10,000 for first-time buyers with additional income criteria
New Mexico
New Mexico Mortgage Finance Authority HomeNow Program - Forgivable loan with location-dependent income requirements for first-time homeowners
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New York
Homebuyer Dream Program - Offers up to $9,500 as a grant for first-time purchasers using an approved mortgage
NY State Association of Realtors Housing Opportunities Foundation - Grant of $2,000 for first-time buyers meeting income requirements
North Carolina
NC Home Advantage Mortgage Program - Forgivable DPA of up to 5% of the mortgage amount for first-time buyers and veterans
Raleigh Homebuyer Program - A loan of up to $20,000 that can be forgiven if the applicant maintains residency for 20 years
North Dakota
NDHFA Downpayment and Closing Cost Assistance Program - Up to $3,000 or 3% of the purchase price for first-time buyers with income limits
Ohio
Your Choice! Down Payment Assistance Program - A choice of a forgivable loan of either 2.5% or 5% of the mortgage value
Communities First Down Payment Assistance Program - Down payment grant of 3% to 5% with income eligibility requirements
Oklahoma
REI Down Payment Assistance Program - A grant ranging from 3.5% to 5% of the mortgage loan amount with income requirements
Oregon
HOME Foundation Buyers Assistance Grant - Offers up to $1,000 for the down payment and other costs for first-time purchasers with income limits
Pennsylvania
HOMEstead Downpayment and Closing Cost Assistance Loan - Covers between $1,000 and $10,000 of upfront costs for eligible buyers as a forgivable loan
Keystone Advantage Assistance Loan Program - Deferred, zero-interest loan of up to $6,000 or 4% of market value
Rhode Island
Housing Works Rhode Island Spring7500 Program - Up to $7,500 as a forgivable loan for first-time buyers in qualified areas
South Carolina
Homeownership Program - Forgivable or repayable loan of up to $6,000 depending on income
South Dakota
Fixed Rate Plus Option - Up to 3% grant for a down payment with location-based income limits
Tennessee
City of Clarksville First Time Home-Buyers Program - Forgivable second mortgage loan for first-time homeowners
Texas
My First Texas Home - Assistance of up to 5% of the mortgage for first-time buyers with income limits
5 Star Texas Advantage Program - Grant of up to 6% for buyers in Texas, except for El Paso, Grand Praire, and Travis County
Utah
CDCU Down Payment Assistance - Forgivable loan of up to $7,500 with location-based property value requirements
Vermont
Vermont Housing Finance Agency ASSIST Loan - Deferred, zero-interest loan of up to $5,000 to be repaid if the home is sold or refinanced
Virginia
VHDA Down Payment Assistance Grant - First-time homeowner grant of up to 2.5% of the purchase price
Washington
Home Advantage Down Payment Assistance Loan Program - Deferred, zero-interest loan for up to 4% of the mortgage
Seattle Downpayment Assistance Program - Deferred, low-interest loan for $2,500 or 1% of the mortgage for buyers in Seattle
West Virginia
HOMEownership Program - Assistance of up to $7,500 or $10,000 depending on the mortgage-to-home-value ratio
Wisconsin
WHEDA Capital Access DPA - Deferred, zero-interest loan in an amount dependent on the type of mortgage
Wyoming
Welcome Home Wyoming Program - Down payment assistance of 3% to 5% of the mortgage amount with location-based income requirements
