Every state has programs to help first-time buyers. Down payment assistance, forgivable loans, and below-market mortgages can make homeownership possible even without a large savings account.
How Much Can You Get?
$5,000
Typical DPA minimum
$35,000
FL Hometown Heroes max
$100K+
NYC area programs
50 states
All have programs
Top State Programs
Florida Hometown Heroes — Up to $35,000 for teachers, nurses, firefighters, law enforcement, and 60+ other community workforce occupations.
California Dream For All — Shared appreciation loan covering 20% down payment. State receives a share of appreciation when you sell.
Texas My First Texas Home — Down payment and closing cost assistance plus below-market 30-year mortgage rates.
NY Homes for Veterans — Below-market mortgage rates stacked with down payment assistance for NY veterans.
Eligibility Basics
- Most programs define "first-time buyer" as not having owned a primary residence in the past 3 years
- Income limits typically range from $80,000–$160,000 depending on household size and county
- Most programs require a 620–640+ credit score
- You must use an approved lender — not all lenders participate
- Primary residence only — no investment properties