: Ideal for those buying in rural or suburban areas, the USDA loan program offers 0% down payment and low fixed interest rates.
: These programs allow for a 3% down payment and let you include alternative income sources like boarder income or part-time work to help you qualify. 2. Direct Grants & Down Payment Assistance (DPA)
: Partners with families to build and buy affordable homes with low-interest mortgages and "sweat equity".
: This HUD program offers a 50% discount on homes in revitalization areas for teachers, law enforcement, firefighters, and EMTs.
: Provides 3.5% to 5% assistance that can be used with FHA loans, often in the form of a forgivable second mortgage after 36 on-time payments.
: Allows eligible Section 8 recipients to use their vouchers toward a mortgage instead of rent. 3. Non-Profit Support
