PRIMARY-RESIDENCE FINANCING
Down Payment Assistance
Look beyond the down payment alone.
How it works
Assistance programs may help eligible primary-home buyers with certain upfront costs. Availability, funding, education requirements, and qualification rules vary by administering organization.
Understand the tradeoffs
Some assistance is repayable debt or has forgiveness conditions. Compare the first mortgage rate, fees, repayment triggers, and the cost of keeping or selling the home.
What to prepare
Household income records, homebuyer education information where required, assets, and the property location.
Your next conversation
Tell John about your planned occupancy, timeline, comfortable monthly budget, and available funds. Ask for a comparison that includes interest, fees, mortgage insurance where applicable, and ongoing property costs. No program description is an approval or a commitment to lend.