To secure these funds, you typically need to meet a few standard criteria:
These are often called "silent seconds." They are technically loans with 0% interest that are forgiven entirely if you remain in the home for a specific period (usually 5 to 10 years). 3. Specialized Grants for Specific Groups
Aimed at "community pillars" like teachers, firefighters, and law enforcement, this HUD program offers a 50% discount on the list price of homes in revitalization areas. 2. State and Local Assistance
Direct cash toward your down payment. For example, some states offer flat grants (e.g., $5,000–$10,000) or a percentage of the home’s purchase price.