couple at kitchen table with laptop doing research on down payment assistance programs

4 thoughts on “Down Payment Assistance Programs and Grants for Each U.S. State

  1. The New Jersey Down Payment Assistance mention is incorrect:
    Here is the update, if you would kindly publish:

    The New Jersey Housing and Mortgage Finance Agency (NJHMFA) offers down payment assistance (DPA) in the amount of $10,000 OR $15,000, depending on the county of the subject property. First generation buyers may receive an additional $7,000, for a total DPA award of $17,000 to $22,000. All of NJHMFA’s DPA programs require use of an NJHMFA first mortgage program, and DPA is offered as second mortgage with no interest or payments, fully forgivable after 5 years. Eligibility restrictions apply for both the DPA and First Generation Buyer DPA awards and buyers must retain the original first mortgage without paying off or refinancing for 5 years for the DPA to be forgiven. See NJHMFA’s website for more details.
    Police and Firemen who are eligible members of the PFRS Pension system may be eligible for a 30-year first mortgage with interest rates significantly below current market rates. The PFRS mortgage product may not be combined with the NJHMFA DPA.

  2. The Michigan/MSHDA mention incorrectly states we offer $7,500 in down payment assistance. Actually, the only program we currently offer is a $10K DPA. We would greatly appreciate it if you could update the story.

    Thank you!

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