Down Payment Assistance Programs You Might Qualify For
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Down Payment Assistance Programs You Might Qualify For
Saving for a down payment is one of the biggest hurdles to buying a home. But you might not have to do it alone. Here's the real list of down payment assistance programs I discovered when house hunting in 2025.
Common Types of Down Payment Assistance
- ✔ Grants — free money you don't repay
- ✔ Second Mortgages — deferred or low-interest loans
- ✔ Forgivable Loans — erased after living in the home a few years
Typical Eligibility Factors
- ✔ First-time home buyer (or not owned in 3+ years)
- ✔ Income below certain limits (varies by area)
- ✔ Buying in a target area or using a participating lender
Pro Tip: Layer Multiple Programs
In some cases, you can combine a grant with a low-down payment mortgage (like FHA or HomeReady). Always ask your lender about "stacking" assistance options to maximize your savings.
Popular Assistance Programs (2025)
- ✔ State Housing Finance Agency (HFA) Grants
- ✔ Local Down Payment Assistance Programs
- ✔ National Programs like Chenoa Fund, HomeReady, and NACA
Final Word
If a down payment feels out of reach, don't give up. There’s a good chance you qualify for help — you just have to know where to look. 2025 is shaping up to be a great year to buy with support.
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Labels: down payment assistance programs, first time home buyer grants, low down payment mortgage options, homebuyer help 2025, mortgage tips
Search Description: Discover real down payment assistance programs for first-time buyers in 2025. Grants, forgivable loans, second mortgages, and more explained simply.
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