📅 Deadline: Rolling — apply when you find a home. Funds can run out, especially early in the year
Amount
$5,000–$30,000+ (varies by state)
Provider
Various State Housing Agencies
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About this program
Every state has at least one down payment assistance program for first-time homebuyers, and most have several. These programs provide grants (not loans) of $5,000 to $30,000+ to cover the down payment and closing costs. Combined with an FHA loan, many people who thought they couldn't afford a home can actually buy one. These programs are chronically underutilized.
Who qualifies?
First-time homebuyers (often defined as someone who hasn't owned a home in the past 3 years) who meet income limits. Limits vary by state and county — often up to 120% of area median income.
What you get
Down payment grants of $5,000–$30,000+ that don't need to be repaid (in most programs). Some programs are forgivable loans that become grants if you stay in the home for a few years.
Requirements
- ✓First-time homebuyer (no ownership in past 3 years in most programs)
- ✓Income within program limits
- ✓Primary residence (not investment property)
- ✓Completion of homebuyer education course
- ✓Work with an approved lender
How to apply
- 1Search '[your state] first time homebuyer grant' or '[your state] down payment assistance'
- 2Contact your state's Housing Finance Agency (HFA)
- 3Work with an approved lender — they handle most of the paperwork
- 4Complete a required homebuyer education course (free, takes a few hours)
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Apply at the official source
Always verify deadlines and requirements directly with the granting organization before applying.
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