With so many expenses involved with buying your first home, down payments can be hard to come by. Luckily, there are a few very helpful down payment assistance programs for eligible homebuyers who need a financial nudge over the hill.
We always recommend a down payment of anywhere between 5-20%. But that’s a lot of money. So it’s not uncommon for people to use down payment assistance programs for homebuyers because they can help you purchase a home, even if it’s slightly out of reach.
Down payment assistance grants vary from state to state, which means the requirements can also change.