Selling a home can take time, planning, and patience.You may have prepared your home, welcomed showings, answered questions, and waited for the right buyer only to have your listing expire without a
Unlock Homeownership: Discover Hidden Down Payment Assistance Programs
Dated: June 19 2024
Views: 73
Unlock Homeownership: Discover Hidden Down Payment Assistance Programs
There’s no denying it’s gotten more challenging to buy a home, especially with today’s mortgage rates and home price appreciation. This may be one of the big reasons you’re eager to look into grants and assistance programs to see if there’s anything you qualify for that can help. Unfortunately, many homebuyers feel like they don’t know where to start.
A recent Bank of America Institute study asked prospective buyers where they lack confidence in the process and need more information. Here's what topped the list:
- 53% said they need help understanding homebuying grant programs.
So, here’s some information that can help you close that gap.
What Is Down Payment Assistance?
Down payment assistance (DPA) programs offer loans and grants that can cover part or all of a home buyer’s down payment and closing costs. More than 2,000 of these programs are available nationwide. DPA programs vary by location, but many homebuyers could be in line for thousands of dollars in down payment assistance if they qualify.
Here’s some more good news: on top of these programs, you probably don’t need to save as much for your down payment as you think. Contrary to what you may have heard, typically, you don’t have to put 20% down unless it’s specified by your loan type or lender. So, you likely don’t need to save as much upfront, and there are programs designed to make your down payment more achievable. Sounds like a win-win.
First-Time and Repeat Buyers Are Often Eligible
It’s worth mentioning that it’s not just first-time homebuyers who are eligible for many of these programs. That means whether you’re looking to buy your first house or your fifth, there could be an option for you. According to Down Payment Resource:
"You don’t have to be a first-time buyer. Over 39% of all [homeownership] programs are for repeat homebuyers who have owned a home in the last 3 years."
Additional Down Payment Resources That Can Help
Here are a few down payment assistance programs that are helping many buyers achieve their dream of homeownership, even now:
- Teacher Next Door is designed to help teachers, first responders, health providers, government employees, active-duty military personnel, and veterans reach their down payment goals.
- Fannie Mae provides down payment assistance to eligible first-time homebuyers living in majority-Latino communities.
- Freddie Mac offers options specifically for homebuyers with modest credit scores and limited funds for a down payment.
- The 3By30 Program lays out actionable strategies to add 3 million new Black homeowners by 2030, offering valuable resources for potential buyers.
- Native American Programs: Down Payment Resource highlights 42 U.S. homebuyer assistance programs across 14 states that ease the path to homeownership by providing support with down payments and other associated costs.
If you want more information on any of these, the best place to start is by contacting a trusted real estate professional.
Discover Your Down Payment Assistance Options Today
Affordability is still a challenge, so if you’re looking to buy a home, you’ll want to ensure you're taking advantage of any and all resources available. The best way to find out what’s out there is to connect with a team of real estate professionals, including a trusted lender and a local agent.
Ready to explore your options? Contact us today to learn more about down payment assistance programs and how we can help you achieve your dream of homeownership.
Shasha Truong & Terri Nguyen Realty Group
🏠Realtors | DRE#01253561, DRE#01449810
📞Call/Text: 626-893-9617 | 626-315-0025
📨Email: shasha.truong@exprealty.com | terri.nguyen@exprealty.com
🌐https://linktr.ee/shashaterrirealtors | www.shashaterri.com
Know Your Home Value: https://www.shashaterri.com/seller/valuation/
Find Your Dream Home: https://www.shashaterri.com/index.php?showagent=1&rtype=map
Complimentary Market Report: https://www.shashaterri.com/market-report.php
See the List of Adul55+ Single-Story Properties in LA, Orange, San Bernardino & Riverside Counties
Check out the List of Homes with Pool in LA, Orange, San Bernardino & Riverside Counties
List of Properties in LA, Orange, San Bernardino & Riverside Counties WITHOUT HOA FEES
List of Properties in LA, Orange, San Bernardino & Riverside Counties LEASE TO OWN PROPERTIES
List of Fixer Upper Properties in LA, Orange, San Bernardino & Riverside Counties
Check out the List of Very Walkable Properties in LA, Orange, San Bernardino & Riverside Counties
List of Properties Below 500k in LA, Orange, San Bernardino & Riverside Counties
List of JUST REDUCED Properties in LA, Orange, San Bernardino & Riverside Counties
Ready to get started? Click here and see if you're eligible!
Keywords: Down Payment Assistance, Homebuying Grants, First-Time Homebuyer Programs, Down Payment Resources, Real Estate Assistance, Homeownership Programs, Housing Market Tips, Affordable Home Buying, Real Estate Professionals in West Covina, Covina, & San Dimas
Shasha Truong & Terri Nguyen Realty Group
We are Shasha and Terri, your highly experienced real estate professionals dedicated to turning your real estate goals into reality. Fluent in English and Vietnamese, we bring 27+ years of experience ....
Latest Blog Posts
Thinking about selling your home this fall? 🍂Fall can be a meaningful time for Southern California homeowners to reassess their plans, whether you're considering a move, downsizing, relocating,
Fall is often associated with change.The days become shorter, routines shift, children settle into a new school year, and many families naturally begin thinking about what they want the rest of the
If you have been waiting for the right time to buy a home, fall may be worth a closer look.For many Southern California homebuyers, the conversation often centers on mortgage rates and home prices.
Based on information from California Regional Multiple Listing Service, Inc. as of September 25, 2026 5:15 PM UTC This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g.square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with
Last updated: September 25, 2026 5:09 PM UTC Property Information © 2026 
The information being provided by Conejo Simi Moorpark Association of REALTORS ® ("CSMAR") is for the visitor's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange ("IDX") program of CSMAR. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or
The MLS™ I-Tech ® All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in
Page Lake Powell Association of REALTORS® All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may
