The following down payment assistance programs may involve a second mortgage with payments that are forgiven, deferred, or subsidized in some manner until resale of the mortgaged property.

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FHA Down Payment Grants for 2024

Down Payment Assistance Programs for Homebuyers

The following down payment assistance programs and/or grants were researched by the team at FHA.com. Please note that all programs listed on this page may involve a second mortgage with payments that are forgiven, deferred, or subsidized in some manner until resale of the mortgaged property.

This is not a complete list, but it can serve as a starting point in your search for the down payment assistance program or grant for your situation. It is up to the consumer to contact these entities and find out the specifics of each program.

Chenoa Fund

Funded by the CBC Mortgage Agency, this program offers the ability to utilize an FHA-insured home loan by offering eligible applicants 3.5% of the purchase price to cover the down-payment. The assistance funds come in the form of a zero-interest second mortgage with a 30-year term. This second mortgage will be forgiven if the borrower makes 36 consecutive, on-time payments on the first mortgage.

Down Payment Assistance Programs

NOTE: Seller-funded DPA (Down Payment Assistance) programs were eliminated in the Housing and Economic Recovery Act of 2008. More information about these canceled Down Payment Grant Programs is provided for reference only.