Resources
     
    Down payment assistance grants are typically available from two different types of services: Government subsidized programs and charitable organizations that utilize HUD/FHA guidelines that allows for Down Payment Assistance (DPA) to be given to the homebuyer in the form of a gift or grant.
     
    A to Z Guide to Buying a Home
     
     
     
     
    Here are some examples:
     
  5.25% interest rate with no down payment assistance. - State Program
  5.99% intereste rate with 5% down payment assistance - State Program
  $10,000 Principal reduction, 95% closing cost assistance, 1/2 of down payment paid for. City Program
  $10,000 to $14,500 based on Area Median Income Percentage % City Program
  First-time homebuyer program which provides principal reduction, down payment, and closing costs assistance up to $10,000.00. Also, may provide a grant of up to $1,500.00 for Minimum Housing Standards repairs. City Program
  $14,200 for new construction, $9,500 for resale properties, For new houses in select target areas, participants may receive up to $25,000 County Program
  3% of purchase price contributed by seller. Charity Program
     
   
     
    FreeDownPayment.org is a free service from GMAC Real Estate that puts you in touch with a Realtor in your desired area who specializes in first time home buyers. Our agents can advise and help you with the various down payment assistance programs available. Most first time home buyers don't realize they may qualify for reduced interest rates and thousands of dollars in FREE money or grants to help them with obtaining the American Dream.