Low down payment and grant programs
Low down payment and grant options for first-time and repeat home buyers.
Available programs
Alabama
Colorado
Delaware
Florida
Qualified borrowers can receive 5% of the loan amount, up to $25,000, towards down payment and closing costs
Learn moreGeorgia
Indiana
Kentucky
Michigan
North Carolina
Ohio
Pennsylvania
Rhode Island
South Carolina
Tennessee
Texas
Utah
Washington
Alabama housing
Alabama Housing Finance Authority (AHFA) mortgage programs provide lenders innovative financial solutions for potential low- to moderate-income homebuyers. The program offers low interest rates and down payment assistance as well as a MCC program giving homebuyers another savings option. Qualifying criteria is flexible given AHFA’s generous income and sales price limits
Program features
- Available for new or existing properties purchased in Alabama
- Maximum down payment assistance is the lesser of $7,500 or 3% of the sales price*
- 100% financing options
- Minimum credit score of 640 required
- Income limitations apply
Get started today
El Paso County Housing Authority Turnkey Program
Provides a competitive fixed-rate home loan with down payment assistance equal to 4% of the loan amount to qualifying low and moderate income homebuyer families throughout El Paso County, including the City of Colorado Springs.
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Colorado Housing Finance Authority (CHFA)
One of the biggest challenges facing first-time homebuyers is having enough money for closing. Northpointe Bank offers several programs that can help. In partnership with the Colorado Housing and Finance Authority, Northpointe Bank offers qualified borrowers up to 4% of the home loan for use towards the down payment and closing costs. Buying a home may be more affordable than you think.
Program features
- Eligible for new or existing properties purchased anywhere in Colorado
- DPA Grant offers up to 3% of the home loan for use towards down payment and closing costs*
- Second Mortgage Loan offers up to 4% of the home loan for use towards down payment and cosing costs**
- Homebuyer education course is required
- Minimum $1,000 borrower contribution
- Income limitations apply
- Minimum credit score of 620
Get started today
Delaware State Housing Authority
The Delaware State Housing Authority (DSHA) offers affordable homeownership programs with goal to promote economic development across the state of Delaware. Program includes down payment assistance up to 5% of the loan amount in the form of a second mortgage with a deferred repayment for 30 years at 0% interest.
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Georgia Dream
One of the biggest challenges facing first-time homebuyers is having enough money for closing. Northpointe Bank offers several programs that can help. In partnership with the Georgia Dream Homeownership Program, qualified borrowers receive a competitive fixed-rate home loan with up to $7,500 towards down payment and closing costs*. Buying a home may be more affordable than you think.
Program features
- Eligible for new or existing properties purchased anywhere in Georgia
- Up to $7,500 in down payment and closing cost assistance
- Eligible borrowers must not have owned a home in the past three years or must purchase a home in a targeted area
- Homebuyer education course is required
- Minimum $1,000 borrower contribution
- Income limitations apply
Get started today
Indiana Housing
Indiana Housing & Community Development (IHCD) offers several programs to assist both first-time and repeat homebuyers.
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Kentucky Housing
Northpointe Bank offers a program for buyers that are looking to purchase a home in Kentucky. Partnering with the Kentucky Housing Corporation, down payment assistance and a variety of loan programs are available for qualified homebuyers.
Regular down payment assistance program
- Max loan amount up to $6,000
- 5.5% interest rate; payable over 10 years*
AFFORDABLE DOWN PAYMENT ASSISTANCE PROGRAM
- Max loan amount up to $6,000
- 1% interest rate; payable over 10 years**
- Borrower must meet affordable down payment assistance program income limits
Features for all options:
- Primary residence only
- Minimum credit score of 620 for FHA, VA and Rural Development
- Minimum credit score of 660 for conventional financing
- Max debt-to-income ratio of 50%
- Purchase price limit up to $327,334
- Income limits apply
Get started today
MassHousing First Time Home Buyer
The MassHousing First-Time Homebuyer Program offers Conventional and FHA financing for firsttime homebuyers combined with a second mortgage for down payment and closing cost assistance who qualify with the program’s income and purchase price limits.
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Michigan State Housing Development Authority (MSHDA)
With the MI Home Loan program, in partnership with MSHDA, buyers may be eligible for down payment assistance of up to $10,000 on Conventional, FHA and Rural Development loans. Just another way Northpointe is bringing you home.
Program features:
- Up to $10,000 in down payment assistance**
- Available for primary residence of first-time and repeat homebuyers in select locations
- Eligible properties may include new or existing homes, manufactured homes and condominiums
- Liquid asset restriction of $20,000
- Minimum 1% borrower contribution
- Income limits apply
Get started today
North Carolina Housing Finance Agency Program
The North Carolina Housing Finance Agency works with participating lenders throughout North Carolina to provide affordable home loan options for first-time and move-up buyers. NC Home Advantage mortgage offers down payment assistance up to 5% of the loan amount and offers a $15,000 special down payment assistance program.
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Pennsylvania Housing
Pennsylvania Housing Finance Agency (PHFA) works to provide affordable homeownership options for low and moderate income families. Through its programs, PHFA promotes economic development across the state of Pennsylvania. Down payment assistance programs are available in the form of a second mortgage up to $6,000 for Keystone Advantage and up to $10,000 for K-FIT. The second mortgage programs feature a 0% interest rate and are repayable over a 10 year term.
Program features:
- Up to $10,000 in down payment and closing cost assistance**
- Eligible for new or existing primary properties purchased anywhere in Pennsylvania
- Borrowers must contribute up to $1,000 or 1% of the loan amount when using FHA financing or conventional financing with loan to value ratios that exceed 80%
- Maximum debt-to-income ratio is 45% for Pennsylvania Keystone Government programs and Pennsylvania Keystone Home Loans using FHA, VA or RD financing
- PHFA grant available up to $500
- Minimum credit score 620
- Down payment assistance is available to borrowers with a minimum credit score of 660
- Homebuyer education course is required
- Income limitations apply
Get started today
Rhode Island Housing
Rhode Island Housing provides a variety of first mortgages to any borrower that meets their credit standards. Rhode Island Housing also provides down payment and closing cost assistance with their Extra Assistance and First Down programs. Extra Assistance is available to first-time homebuyers or purchasers in a targeted area.
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South Carolina Housing
SC Housing offers competitive mortgage loans and down payment assistance (DPA) to help families and individuals become homeowners. SC Housing offers competitive, fixed rate mortgage loans combined with money to help cover down payment and closing costs.
Program features:
- Eligible to use when purchasing a single family home, a townhome, and select condominiums located in South Carolina
- Up to $6,000 in down payment and closing cost assistance
- Qualified borrowers must not have owned a home in the past three years or not own a home at the time of home purchase in a targeted area
- Homebuyer education course is required
- Minimum $1000 borrower contribution
- Income limitations apply
Get started today
Tennessee Housing Development Agency
The Tennessee Housing Development Agency (THDA) Great Choice, Great Choice Plus DPA and Veterans Homeownership for the Brave offers low interest rate loans secured by a first mortgage with the option of down payment and closing cost assistance at an interest rate that is the same as the first mortgage rate amortized over 15 years, secured by a second deed of trust.
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Southeast Texas Housing Finance Corporation
The SETH 5 Star program provides eligible homebuyers with down payment and closing cost assistance when purchasing a home. There are several options of assistance available. For conventional loans, the maximum amount of assistance provided is a 4% grant. For government loans, assistance is provided in the form of a forgivable 2nd mortgage up to 5% of the total loan amount.
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Texas State Affordable Housing Corporation
The Texas State Affordable Housing Corporation (TSAHC) is a nonprofit organization that was created to serve as a self-sustaining, statewide affordable housing provider. Programs target the housing needs of low-income families and other underserved populations who do not have acceptable housing options through conventional financial channels. Down Payment Assistance is in the form of a grant and does not need to be repaid. Borrower is not required to be a first-time buyer.
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Texas Department of Housing & Community Affairs
The Texas Department of Housing & Community Affairs (TDHCA) My First Home and My Choice programs offers to competitive interest rates, down payment and closing cost assistance and a Mortgage Credit Certificate (MCC). Down payment assistance is in the form a second lien that does not require monthly payment, features a zero interest rate and is required to be repaid upon sale, refinance or if the borrower ceases to occupy the property.
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Texas Veteran Loan Board
Eligible Texas Veterans have an opportunity to purchase a home with a competitive, low-interest loan with little or no down-payment. Veterans, military members and their spouses may receive up to $484,350 on a fixed-rate loan for 15, 20, 25 or 30 year terms. Veterans with a VA service-connected disability rating of 30% or greater qualify for a discounted interest rate.
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Utah Housing
Utah Housing Corporation provides first mortgages and down payment assistance to qualified first-time and repeat homebuyers. Down payment assistance is provided in the form of a repayable 2nd mortgage. Second loan rate is 2% above the rate of the first mortgage.
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Washington State Housing Finance Commission
Washington State Housing Finance Commission is dedicated to increasing housing access and affordability for the people of Washington. The down payment assistance programs are designed for low and moderate-income households and is available to first time and repeat homebuyers.
