Down Payment Assistance: How to Get Help Buying Your First Home

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If you qualify, you can receive aid in a couple different ways: Grants -Free money you never have to pay back Loans - Typically paid along with your primary mortgage or when you sell or refinance the property Grants -Free money you never have to pay back Loans - Typically paid along with your primary mortgage or when you sell or refinance the property Some programs also forgive DPA loans after you've been in your house for a while, so you never have to pay back the total amount they lent you. The percentage you pay may vary by the type of loan and DPA program, but your loan officer can help you figure out how much you'll need to supply. We're always happy to help! Down Payment Assistance Programs by State ALABAMA The Step Up program offers a 10-year second mortgage loan to cover your down payment. The Step Up program offers a 10-year second mortgage loan to cover your down payment. The CalPLUS Conventional program comes with a slightly higher 30-year fixed interest rate, but you can combine it with the MyHome Assistance program for down payment help and the CalHFA Zero Interest Program for closing costs. The ZIP program doesn't charge borrowers interest on the money it lends through the program. The Florida Homeownership Loan Program Second Mortgage offers up to $10,000 on a second mortgage with 3% interest and a 15 year term.