Welcome to the most comprehensive down payment assistance directory we could build.
We have gathered hundreds of grant programs, zero down loans, down payment assistance programs, and state and federal loans for all 50 states.
Our directory includes
-
The main federal guaranteed loan programs (FHA, VA, USDA, etc.) that represent more than 95% of federal loan approvals.
-
More than 150 state loans for low- and middle-income borrowers
-
More than 150 state down payment assistance programs, with average assistance of $12,000 to $15,000, for 100% forgivable loans, low interest loans, and regular loans.
-
More than 250 local, county, and non-profit grants and loans
-
Loan programs from credit unions and banks
-
Strategies for seller contributions and family gifts
Overall, our directory covers all fifty states and hundreds of communities across America. We built this directory with the sole purpose of delivering the greatest number of loan options and savings as we could.
What the data shows from thousands of loans
More than 75% of first-time homebuyers use down payment assistance programs (DPAs). Only 20% of buyers knew that down payment assistance could be partially or completely forgivable or no interest. Average assistance is $12,000 to $15,000. More than 50% believe myths that prevent them from buying.
Tax benefits of homeownership
Very few know about the tax benefits of owning a home before they bought. According to the IRS, the Mortgage Credit Certificate (MCC), reserved only for new buyers, can save you up to $2,000/year in taxes. The mortgage interest deduction, available to all homeowners, allows you to deduct your mortgage interest on your loan every year. Learn more in the Directory!
