Are you ready to buy your first home but struggling to save for a down payment? You’re not alone! Many first-time homebuyers face the same challenge, but there’s good news—a powerful down payment assistance program is here to help you turn your dream of homeownership into reality.
What is the First-Time Homebuyer Assistance Program?
This program is designed to give first-time buyers like you the financial boost needed to afford a home. By covering up to 10% of your home’s purchase price in down payment assistance, you’ll be able to reduce your loan amount, lower your monthly payments, and get into a home sooner than you thought possible!
And here’s the best part—if you meet certain eligibility requirements, a portion of the loan may even be forgivable! That means you could receive financial help without having to pay it all back.
Why This Program is a Game-Changer for First-Time Buyers
We understand that saving for a down payment while managing rent, student loans, and everyday expenses can feel impossible. That’s why this program is here—to give you the support and flexibility needed to make homeownership achievable.
Program Benefits at a Glance:
✅ Up to 10% Down Payment Assistance – Reduce your upfront costs and secure a more affordable mortgage.
✅ Lower Monthly Payments – A larger down payment means smaller loan payments over time.
✅ Forgivable Loan Options – Meet the eligibility criteria and part of the assistance may not need to be repaid.
✅ Faster Path to Homeownership – Stop renting and start owning sooner.
Do You Qualify? Here’s What You Need to Know
To take advantage of this opportunity, you’ll typically need:
🔹 A credit score of 620 or higher
🔹 A minimum amount saved for closing costs and additional fees (varies by program)
🔹 To meet income eligibility requirements (based on location and household size)