They can slash your down payment, offer lower interest rates or help with low credit scores.
If you’re looking for first-time home-buyer programs to help you buy a home, HouseLogic lists all the programs to help home buyers find the assistance they need.
Of the programs tracked by Down Payment Resource, for example, 69% offer down payment assistance.
These programs have provided an average of $11,000 in assistance to individual home buyers, according to Down Payment Resource, a nationwide database of roughly 2,500 home ownership programs that helps match buyers and properties.
That assistance can vary greatly between disparate cost-of-living markets like Southern California and Iowa, according to Down Payment Resource. Some 87% of properties are eligible for some kind of assistance.
Source: First Time Home Buyer Programs You Need to Know | HouseLogic
