The Down Payment Assistance Program helps home buyers with money for down payment and closing cost assistance that they do not have. Down payment assistance is used by many state and federal housing authorities to serve affordable housing needs for low-income buyers.
Down Payment Assistance was created to overcome the greatest barrier to owning a home, the down payment amount. Down payment assistance has helped many low to moderate income individuals and first time home buyers to purchase an affordable quality built new house.
State and federal grants are available to qualified home buyers through many affordable housing community programs. Down payment assistance programs, tax credits and housing grants for loan programs. Getting pre-qualified for your house mortgage loan is the best place to start.
Many first time home buyers find it almost impossible to save cash for a house down payment. Potential home buyers don't always qualify for housing programs that mortgage lenders use to qualify within a given down payment, loan amount, interest rate and time period.
Many housing needs exist in city, county, and state communities throughout our Nation. Government provision of affordable housing and down payment assistance programs at a reasonable cost to meet a variety of needs, including family, elderly and special care help all.