Down Payment Assistance Programs: $10,000–$100,000 Available

What Is Down Payment Assistance?

Down payment assistance (DPA) programs provide grants, forgivable loans, or low-interest loans to help homebuyers cover their down payment and sometimes closing costs. These programs are offered by federal agencies, state housing finance agencies, local governments, and nonprofits. Many first-time buyers don't know these programs exist — leaving thousands of dollars on the table.

Federal Programs

FHA Loans — While not strictly DPA, FHA loans require only 3.5% down with a 580+ credit score, making homeownership accessible with less savings.

VA Loans — Veterans, active-duty service members, and surviving spouses can purchase with 0% down through VA-guaranteed loans. No PMI required.

USDA Loans — For homes in eligible rural and suburban areas, USDA loans offer 0% down with competitive rates. Income limits apply.

State Programs

Every state has a Housing Finance Agency (HFA) offering DPA programs. Examples:

• California: CalHFA offers up to 3.5% of purchase price as a deferred loan.

• Texas: TSAHC offers 3–5% grants (not loans) for qualifying buyers. No repayment required.

• Florida: Florida Housing offers up to $10,000 in DPA as a 0% interest deferred loan.

• New York: SONYMA offers DPA of up to 3% of purchase price for first-time buyers.

Local and Employer Programs

Many cities and counties offer additional DPA on top of state programs. Some employers (hospitals, universities, police departments) offer homebuyer assistance as a benefit. Check with your HR department and local housing authority. Stacking multiple programs is allowed and can significantly reduce your out-of-pocket costs.

Income and Purchase Price Limits

Most DPA programs have income limits (typically 80–120% of area median income) and purchase price limits. These limits vary significantly by location. Use the HUD website or your state HFA's website to find programs in your area.