Home Loan Down Payment Assistance
Situations can arise where the buyer can qualify for a loan but does not have enough for a down payment. In these instances, there are programs available through local and state agencies that can help procure funds for the down payment.
Depending on the program and the state in which they live, the amount available to borrowers varies. Monies from these programs come from a variety of initiatives by state and local housing authorities, including bond programs.