Down Payment Assistance Programs in 2025: What to Know

Common Assistance Types

• Grants that do not need to be repaid (often limited funds, first-come-first-served)
• Forgivable loans that phase out over a set occupancy period
• Deferred payment loans due upon sale or refinance
• Matched savings programs through community partners

Typical Eligibility Factors

• Income limits relative to area median income (AMI)
• First-time buyer status or no ownership in the past 3 years
• Primary residence and occupancy requirements
• Completion of a homebuyer education course

How to Apply

1. Ask your lender which local, state, or national programs they work with.
2. Confirm timelines and funding cycles; some programs run out mid-year.
3. Gather documents early (income, assets, IDs, rental history).
4. Complete required education prior to signing a purchase contract when possible.

Tips to Succeed

• Have a backup plan for funds in case a program is waitlisted.
• Consider total monthly payment impact if assistance adds a second lien.
• Work with an agent and lender familiar with DPA timelines and requirements.