Down Payment Assistance – Check for Grants and Forgivable Loans Before Ruling Out a Home

Many state and local programs offer down payment assistance through grants or forgivable loans, reducing the upfront cost of buying a home. FHA loans require as little as 3.5% down, with mortgage insurance added. Assistance programs often serve households earning over $100,000 and have varying terms, including repayment if you move early. Check eligibility, income limits, and requirements before setting a savings goal.