FHA Down Payment Assistance Programs
Down Payment Assistance Programs
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| Down Payment Assistance Programs (DAPS) are loan programs designed to assist first-time home buyers with the required down payment and closing costs required by the FHA loan program.
These types of down payment assistance programs are typically broken into two types of loan programs. These are the 501 (c) (3) Non-Profit organizations or county, city, state backed down payment assistance programs.
The 501 (c) (3) non-profit down payment assistance programs will typically require the assistance of the home seller in order for the buyer to take advantage of the program. Following is a list of just some of the available down payment assistance programs offered by non-profit organizations.
- Nehemiah - Grants up to 3% towards down payment.
- HART - Grants up to $15,000 towards down payment and closing costs.
- Neighborhood Gold - Grants up to 20%, includes Mortgage Payment Protection
The above programs typically do not have a repayment schedule nor is there a second mortgage required. All of these types of down payment assistance programs use a FHA loan. Since you must be able to obtain FHA financing in order to use any of these programs, learn more about  FHA Loan Qualifying | |
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We have a lender who is very familiar with FHA loans and the different down payment assistance programs. If you do not have a lender we will be happy to introduce you to ours. |
If you would like to find out how these programs can work for you please fill out the form below.
To view income qualifications for the Maricopa County Bond Program please follow this link.
