Many buyers leave money on the table. Discover down payment assistance programs, tax credits, and grants available to first‑time buyers – and see what you might qualify for.
First‑time homebuyer programs can reduce your down payment, lower your interest rate, or even give you cash for closing costs. Millions of dollars in assistance go unclaimed every year because buyers don't know they exist. This guide helps you find them.
3.5% down, credit score as low as 580. Mortgage insurance required. Popular with first‑time buyers.
3% down for first‑time buyers. Requires 620+ credit. Private mortgage insurance (PMI) if less than 20% down.
0% down, no PMI, competitive rates. For veterans, active duty, and some military spouses. Funding fee applies.
0% down for rural and some suburban areas. Income limits apply. Guarantee fee instead of PMI.
Many states, counties, and nonprofits offer grants or low‑interest loans to help with down payment and closing costs. These are often combined with FHA, conventional, or USDA loans.
Examples: FHA DPA loans (up to 5% of purchase price), state housing authority grants (e.g., $5,000–$15,000), and employer‑assisted housing benefits.
Pro Tip: Check with your state's housing finance agency (HFA) and local nonprofits. Some programs are income‑limited and require a homebuyer education course.
Answer a few questions to see which programs you might qualify for and estimate your potential savings.
Adjust the values and click the button.
This tool provides a simulation based on common national programs. Actual eligibility depends on specific program rules, lender participation, and funding availability. Always verify with local housing agencies.