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Is there help with down payment amounts?

  • October 20 2013 - US
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Answers (7)

There are some community or down payment assistance programs that may be able to help your situation. These usually require a lot of hoop that you'll have to jump through first before you get the assistance. But have you considered an FHA loan? These loans only require 3.5% down along with closing costs, which is a relatively low down payment. Well if you have any other questions or need a loan please contact me through the information on my profile page. I hope this helps and good luck!
  • October 22 2013
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In addition to down payment assistance programs, there are a few lending institutions that offer zero down programs as well as the USDA program that has already been mentioned. In Washington State, Boeing Employees Credit Union (BECU) offers one called the HLPR program and Key Bank has the Key Community Loan. There are also special programs for disabled persons, VA for veterans of the military, police and teachers. Do some research with several lenders in your state as well as local realtors that can guide you to the different programs.
  • October 21 2013
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Yes, each state has a down payment assistance program. If you wanted to go a different route other than going thru the process of getting approved for assistance. You could also look into buying a home via USDA. This is a program where you would have to buy a home in a rural area. There are a lot of home for sell that are just outside if the city that qualify for this program. Benefits are you buy a home with no down payment. 

I hope this helps. If you would like to know more about this and the assistance programs, contact me thru my profile.

Thanks and good luck!
  • October 21 2013
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Every State or most Local Municipalities has down payment assistance programs. What the are details depends on what State you are interested in buying in.
  • October 20 2013
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Post your state location and you will get even more responses. Local lenders are very familiar with down payment assistance programs in their state and/or community.
  • October 20 2013
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In Washington state there are downpayment assistance programs. There is aslo a first time homebuyer tax credit called the MCC. google downpayment assistance programs for which ever state you live in. If you are in Washington click on my profile and message me for details.
  • October 20 2013
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Profile picture for wetdawgs
In certain locations there are some down payment assistance programs.  These programs have strict guidelines and expectations.  You may try googling your area for "down payment assistance" and/or talking with a lender who knows your community well.
  • October 20 2013
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