For Buying A Home - Financial Assistance

: Interest-free second mortgages that only require repayment when the home is sold, refinanced, or the primary mortgage is paid off.

: Offer programs like HomeReady® and HomeOne® that allow for down payments as low as 3% for qualified borrowers. Down Payment Assistance (DPA) financial assistance for buying a home

: Second mortgages that are forgiven if the buyer lives in the home for a specific period (e.g., 5–10 years). : Interest-free second mortgages that only require repayment

Financial assistance for buying a home is available through federal loan programs, state and local down payment assistance (DPA) initiatives, and various tax benefits. These programs are primarily designed to help first-time homebuyers, low-to-moderate income families, and veterans overcome upfront cost barriers. Federal Homebuying Programs low-to-moderate income families