Down payment assistance programs are put in place to help eligible homebuyers provide funds for their down payment on a new home or closing costs. These are often state-specific.
In addition to state-specific programs, we offer national down payment assistance options, including:
- National Homebuyers Fund — 3.5% down payment assistance for FHA loans
- Freddie Mac BorrowSmart Access℠ — $3,000 in assistance available in select areas
- Downpayment Plus® — $10,000 or 25% of the first mortgage amount in down payment assistance (whichever is less) for eligible homebuyers
Geographical restrictions apply. All loan requests are subject to credit approval as well as specific loan program requirements and guidelines.
Wondering if we offer a down payment assistance program in your state? Take a look at the list below. If you’re still unsure and would like to learn more, contact a loan originator in your area.
Florida
- FL First
- FL Salute Our Soldiers SOS
- FL HFA Preferred
- FL HFA Preferred PLUS
- FL HFA Advantage
- FL HFA Advantage Plus
- Single Family Loan Program – ECHFA
- Own a Home Opportunity Program – Lee County
- Own a Home Opportunity Grant Program – Lee County
- Home Sweet Home Program- Hillsborough County
- Home Key First Program- Pinellas County
- Central FL Homebuyer’s Dream – Orange County
- Housing Opportunities Program – Orange County
- Florida Assist Second Mortgage (FL Assist)
- Florida Homeownership Loan Program (FL HLP)
- 3% PLUS
- 4% PLUS
- 5% PLUS
- Mortgage Assistant Program – Tampa
- First-Time Home Buyer Grant Program- Realtor Care Foundation
Michigan
- MI Home Loan
- MI Home Loan Flex
- Single Family Down Payment Assistance (SF-DPA)
With adjustable-rate mortgages (ARM), the interest rate is variable and may increase or decrease after the initial fixed rate period based on changes to an index. This could result in an increase in the monthly payment. Geographical variations may apply. Specific information about loan adjustment period available at application.
Contact a local mortgage expert in your area to learn more.
Want to learn more? Contact a local mortgage expert in your area to learn more and get pre-approved
