06/19/2024
53% of prospective buyers said they need help understanding home buying grant programs.
So, here’s some information that can help you close that gap.
What Is Down Payment Assistance?
Down payment assistance (DPA) programs offer loans and grants that can cover part or all of a home buyer’s down payment and closing costs. More than 2,000 of these programs are available nationwide... DPA programs vary by location, but many home buyers could be in line for thousands of dollars in down payment assistance if they qualify.
And here’s some more good news. On top of all of these programs, you probably don’t need to save as much for your down payment as you think. Contrary to what you may have heard, typically you don’t have to put 20% down unless it’s specified by your loan type or lender. So, you likely don’t need to save as much upfront, and there are programs designed to make your down payment more achievable. Sounds like a win-win.
