Affordability
Down Payment Assistance
Programs that may help some buyers with part of the upfront cost of buying a home.
Down payment assistance programs can help some buyers with part of the cash needed to buy a home. Programs vary by location and change over time, and each has its own rules, so they aren’t the right fit for every buyer.
Is assistance right for you?
Assistance programs can come with requirements such as income or purchase price limits, a homebuyer education course, or extra steps that can add time to your closing. Sometimes the overall cost works out about the same, or more, than a standard loan.
For many buyers, a low-down-payment loan is the simpler path - FHA with 3.5% down, VA or USDA with no down payment for those who qualify, or a conventional loan with as little as 3% down. Gift funds from family can often be used, too.
Common questions
Do I need assistance to buy a home?
Not usually. Many buyers get into a home with a small down payment and the right loan program. We’ll walk you through the options that fit your budget.
Wondering how much you need to buy? Call us at 303-931-3239, or get prequalified online.