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. State, county, and city governments run many of them.
DPA programs vary by location, but many home buyers could be in line for thousands of dollars in down payment assistance if they qualify.
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Down payment assistance programs are typically meant for first-time home buyers. However, a repeat home buyer often counts as a “first-time buyer” if they haven’t owned a home in the past three years.
Typical requirements to qualify for down payment assistance:
Keep in mind that every down payment assistance program is a little different. The exact criteria to qualify will depend on where you live and which programs are available.
In addition, you could get more money and qualify easier if you’re buying in a so-called “target area.” Your lender can help determine if your property is eligible.
Down payment assistance (DPA) helps homebuyers with grants or low-interest loans, reducing the amount they need to save for a down payment. Provided you qualify, you could receive a forgivable loan or an outright cash gift that never has to be repaid. Some loans must be repaid with low or no interest. Many DPAs can be used for closing costs, too.
Most DPA programs are offered at the local level. And eligibility requirements vary from one program to the next.
There are four main types of down payment assistance:
Down payment assistance programs are usually very localized. There are a few national DPAs and many statewide ones, but the majority are run at the city or county level.
The best way to find down payment assistance programs for which you qualify is to speak with your loan officer or broker. They should know about local grants and loan programs that can help you out. They’ll also know which programs the lender can accept (not all lenders work with all DPAs).
Down payment assistance programs are something of a ZIP code lottery. Depending on where you want to buy, you could be in line for a few thousand dollars or tens of thousands. And your program will dictate whether the money is a grant or a loan that needs to be repaid.
Some homebuyer programs explicitly state that you can use their funds for closing costs as well as your down payment. Others may or may not have rules about that. Check your local down payment assistance programs to see if closing cost grants are included.
Almost all DPA programs require you to borrow from an approved lender and use an approved mortgage program. You may have to sign up for a particular mortgage product.
Depending on whose math you trust, there are between 2,000 and 2,500 DPA programs in the U.S. State and local governments, as well as nonprofit organizations, typically manage these. We list some of the biggest programs in each state below.
The Alabama Housing Finance Authority (AHFA) provides various programs and initiatives to make homeownership more accessible and affordable for Alabama residents. They provide financial assistance in the form of a DPA and closing cost grant, which can help alleviate the upfront costs associated with purchasing a home.
The AHFA will lend you up to 4% of the purchase price, with a $10,000 maximum, for a down payment on a new or existing home in Alabama. This assistance comes in the form of a 10-year second mortgage, provided that you meet the following conditions:
In addition to the Step Up program’s down payment assistance, borrowers who opt for financing through the HFA Advantage loan are eligible for a grant to help with closing costs.
To qualify for this closing cost grant program, you’ll need to meet household income limits as well as AHFA’s standard guidelines for credit score, debt-to-income ratio, and more.
Mortgage Credit Certificates (MCCs) offer a way to reduce federal tax liability by applying a tax credit based on a portion of the mortgage interest paid each year. This credit directly lowers the amount of federal tax due. You can still deduct any interest not covered by the MCC as mortgage interest on your federal tax return.
You can combine this MCC with the AHFA’s Step Up program or any 30-year fixed-rate mortgage that is fully amortized and is offered through a participating lender.
The rate of the mortgage credit varies depending on the size of the loan:
Get more details on the AHFA website. And take a look at HUD’s list 1 of alternative programs for Alabama.
The Alaska Housing Finance Corporation (AHFC) can provide both down payment assistance and closing cost assistance to eligible Alaskan home buyers.
AHELP provides qualified borrowers with down payment assistance that may come in the form of a grant, a second mortgage with deferred payments, a forgivable loan, or a combination of these options. The funds come through Alaska Housing’s network of local and federal government agencies, nonprofit agencies, or regional housing authorities
To be eligible, borrowers must meet the participating provider’s requirements.
However, the website doesn’t provide much information about how much help is available. So your best bet is to speak with one of the many participating providers. You’ll find a list on the program’s website.
Alaska Housing can also offer a grant toward your closing costs and down payment. This grant is equal to either 3% or 4% of the loan amount, depending on your credit qualifications.
As of now, the program’s status is a bit of a puzzle. Some information on the website suggests it’s not running at the moment, but other details seem to say otherwise.
To add to the confusion, there’s no word on whether any hiatus is temporary or here to stay. If you’re scratching your head like we are, the surefire way to get clarity is to give Alaska Housing a call. They’re just a toll-free dial away at 888-854-3884.
Regardless, you can learn more by visiting the AHFC webpage. And take a look at HUD’s list 1 of alternative programs for Alaska.
Home buyers in Arizona have the option of choosing between two down payment assistance programs, depending on the location of the property they wish to purchase.
The Arizona Industrial Development Authority (Arizona IDA) offers the Home Plus program, which provides up to 4% of the initial balance on your new mortgage. The amount you might get will depend on the type of mortgage you choose.
Home Plus is a 3-year deferred second mortgage. That means there is no interest and no monthly payments, provided you do not sell or refinance the property within the first 36 months of homeownership. Find out more at the Home Plus homepage.
The Pathway To Purchase program by the Arizona Department of Housing provides a grant of up to 10% of your loan amount, with a maximum of $20,000, to be used for your down payment or closing costs. Buyers must reside in one of the 17 designated cities in Arizona to be eligible for this opportunity.
While you don’t need to be a first-time homebuyer, there are several requirements to meet:
Learn more on the program’s website. And take a look at HUD’s list 1 of alternative programs for Arizona.
The Arkansas Development Finance Authority (ADFA) has a couple of helpful DPA programs associated with its Move-UP home loan.
Those taking advantage of the Move-Up first mortgage might also qualify for additional down payment assistance through any one of these ADFA programs:
Visit the ADFA homepage to discover more, including income limits for your county. And take a look at HUD’s list 1 of alternative programs for Arkansas.
The California Housing Finance Agency’s (CalHFA) MyHome Assistance Program provides eligible Californias with up to 3.5% of their home purchase price to go towards a down payment. Assistance comes in the form of what the agency calls a “silent second.” This is essentially a deferred loan that requires no repayment until the home is sold, or the loan is refinanced or paid in full.
This is a first-time home buyer’s down payment assistance program. So it won’t help if you already own an existing home.
However, CalHFA defines a first-time home buyer as “someone who has not owned and occupied their own home in the last three years.” So many who’ve previously owned homes may qualify.
Check out the MyHome Assistance Program webpage for more information. You’ll find some income limits there. If you’re a teacher or fire department employee, certain program limits may not apply.
Also, take a look at HUD’s list 1 of alternative programs for California.
For qualified Coloradans, the Colorado Housing and Finance Authority (CHFA) and the Colorado Housing Assistance Corporation (CHAC) both offer down payment assistance grants and second mortgages.
Colorado Housing Assistance Corporation is a nonprofit organization that offers down payment assistance and affordable loan programs to low- to moderate-income home buyers in Colorado.
CHAC’s assistance is intended for first-time buyers. To qualify, you’ll need to have a low or moderate income compared to others in the area in which you live.
For more, visit CHAC’s website. And consult HUD’s list 1 of alternative programs for Colorado.
The Colorado Housing and Finance Authority provides valuable assistance to first-time home buyers in the form of down payment assistance grants and second mortgage loans. These programs make it easier for Colorado households with moderate and low incomes to buy a home.
Home buyers who use CHFA first mortgage loan programs to finance their home purchase may qualify for additional assistance with their down payment and closing costs. You are still allowed to use one of the following options, even if you contribute to your down payment:
To qualify for either program, you must meet the standard requirements, such as meeting the minimum credit score and household income limits and completing a homebuyer education course. Visit the CHFA website for next steps or more information.
The Connecticut Housing Finance Authority is usually the first stop for first-time home buyers looking for down payment assistance. The organization provides a number of programs and services to help low- and moderate-income families purchase their first home.
These programs include down payment assistance, closing cost assistance, and affordable mortgage options. Furthermore, the Connecticut Housing Finance Authority provides education and counseling to help homebuyers navigate the complex process of purchasing a home.
The Connecticut Housing Finance Authority (CHFA) offers up to $15,000 in down payment assistance (DPA) in the form of a second mortgage.
To apply for this program, you need to first obtain mortgage approval from a participating lender. You’ll find a list of approved lenders on the CHFA homepage. And check out HUD’s list 1 for other programs in Connecticut.
The Delaware State Housing Authority (DSHA) offers a number of resources to make home buying easier, including down payment assistance that’s linked to its “Welcome Home” first-time homeowner program.
The amount of assistance you are eligible for will depend on the type of Welcome Home program you finance your home purchase with. Here’s what you can expect:
Find details on the DSHA’s website. And find other DPA programs for Delaware on HUD’s website. 1
If you’re looking to buy a home in Washington, D.C., you’ll find substantial down payment assistance through two key sources: the DC Housing Finance Agency (DCHFA) and the Department of Housing and Community Development (DHCD).
These organizations provide down payment and closing cost assistance, competitive mortgage financing options, and resources through programs like DC Open Doors and the Home Purchase Assistance Program (HPAP) to make homeownership more feasible for individuals and families in the District of Columbia.
You can get a no-interest loan for as much as you need for your down payment through the DCHFA’s DC Open Doors program.
The DAPL is structured so that borrowers are not required to make monthly payments. The repayment of the loan, which is interest-free, is due in full under specific conditions: when 30 years have passed since the loan’s closing date, if the property is sold or transferred, if the property is no longer the borrower’s primary residence, or if the borrower refinances their first mortgage.
Additionally, if you meet the requirements, you may be eligible for a DCHFA Mortgage Credit Certificate (MCC), which entitles you to a federal tax credit equal to 20% of the mortgage interest you pay each year.
Visit the DCHFA website for more details on both of these programs.
The DHCD offers first-time home buyers with low to moderate incomes assistance with their down payment and closing costs through its Home Purchase Assistance Program, also known as HPAP.
HPAP offers zero-interest, deferred-payment loans that are repaid when the property is sold or refinanced.
The Employer-Assisted Housing Program (EAHP) supports eligible District government employees with purchasing their first single-family home, condo, or co-op in the District. It provides a deferred, 0% interest loan alongside a matching funds grant, which can be used for down payment and closing costs.
For all District government employees:
For first responders and educators:
Since the loan is a deferred second mortgage, no repayment is required until you sell, refinance, or no longer occupy the property as your primary residence. You can find more details on the EAHP website. And see other possible DPA programs on HUD’s website. 1
The Florida Housing Finance Corporation (FHFC) is a key resource and a buyer’s first stop in Florida. With programs such as down payment assistance, low-interest loans, and homebuyer education, FHFC plays an important role in assisting Florida first-time home buyers.
The Florida Assist is a deferred second mortgage with a 0% interest rate of up to $10,000 that can be used for a down payment, closing costs, or both. The loan has no monthly payments and is repaid only when you sell, refinance, or pay off your first mortgage.
The Florida Homeownership Loan Program (FL HLP) is designed to provide eligible first-time home buyers with up to $10,000 to use towards their down payment and closing costs. This is a second mortgage with a 15-year amortizing loan at 3%.
The HFA Preferred Program provides assistance in the form of a forgivable second mortgage that’s either 3%, 4%, or 5% of the first mortgage. Your income and the location of the home will determine how much of a loan you are eligible for. Additionally, there is a 20% annual forgiveness of the loan for the entire five-year term.
The HFA Advantage PLUS Second Mortgage is nearly identical to its sister program, with the main difference being that it offers a 0% deferred second mortgage of up to $8,000 that is forgiven at a rate of 20% per year for five years. This is a great option for first-time home buyers who are using one of Florida Housing’s conventional loans.
The Florida Hometown Heroes Housing Program aims to assist individuals who offer valuable services to their communities, including teachers, healthcare workers, law enforcement officers, firefighters, and veterans. Qualifying borrowers can receive up to 5% of the first mortgage loan amount, or a maximum of $35,000. This helps with the down payment and closing costs.
That’s a 30-year, no-interest loan that the buyer repays when they sell, refinance, or pay off their first mortgage.
Discover more at the FHFC’s website. And check HUD’s list of alternative programs 1 for Florida.
The Georgia Dream Homeownership Program (GDHP) offers various down payment loan options to assist Georgia first-time home buyers or those who haven’t owned a home in the past three years.
To be eligible for any of these DPAs, borrowers must meet local household income limits and have liquid assets of no more than $20,000 or 20% of the home purchase price (whichever is greater).
All eligible homebuyers can receive up to $10,000 through the Standard Loan option to use towards their down payment or closing costs. This creates opportunities for individuals and families who would otherwise struggle with these upfront costs.
The PEN program goes a step further by offering up to 6% of the home purchase price, or a maximum of $12,500, to individuals who work in public service roles such as public protectors, educators, healthcare providers, and active military personnel.
Similarly, offering $12,500, the CHOICE program is specifically created for families that have a family member with a disability. Recognizing the financial strain that disability care can put on families, it offers generous assistance to help them purchase a home.
You can get all the details from the GDHP website. And check out HUD’s list 1 of other DPA programs in Georgia.
There isn’t an official statewide down payment assistance program for Hawaii. But help is still available for Hawaii’s first-time home buyers.
The Hawaii Home Ownership Center is a non-profit mortgage brokerage offering both down payment assistance and a 15-year deferred closing cost loan.
The DPAL program offers a second mortgage specifically designed for first-time buyers. It requires a minimal down payment of 3% for individuals with incomes up to 120% of the area median income (AMI).
This plan offers a deferred loan for 15 years with no interest and no monthly repayments to help with closing costs; it also provides options for interest rate reduction.
Take a look at HUD’s list 1 of other homeownership assistance programs in Hawaii.
The Idaho Housing and Finance Association (IHFA) operates two programs that help with down payments and closing costs through forgivable second mortgages. Both programs require borrowers to take a homebuyer education course to qualify.
The first option is a second mortgage with a fixed interest rate of up to 7% of the home’s purchase price, which will cover the majority of your down payment and closing costs. You will pay back this loan over 15 years with a fixed monthly payment and a 2% interest rate.
To receive this assistance, you need to be a first-time home buyer. You must contribute at least 0.5% of the sale price from your own funds, and your income cannot exceed $150,000.
The alternative option is a forgivable loan. This loan offers a 0% interest rate and requires no monthly repayments, but it caps the loan amount at 3% of the property’s purchase price.
Each year, 10% of the loan is waived, meaning that by the end of the tenth year, no debt remains. If you decide to relocate, sell, or refinance within the ten-year period, you must immediately repay any remaining loan balance.
There are costs associated with the forgivable loan. The website states that using each 0.5% of forgivable loan will increase the interest rate of the first mortgage by 0.125%.
Visit the IHFA website for complete details, which include income limits in some cases. And check HUD’s list 1 of alternative programs for Idaho.
The Illinois Housing Development Authority (IHDA) has multiple down payment assistance loan options. To get any of these loans, you’ll have to put up $1,000 or 1% of the purchase price (whichever is greater) yourself. And you must be buying an existing home; new builds are excluded.
The IHD Access Forgivable program offers a forgivable loan to assist with the down payment and closing costs. This program offers a forgivable loan equivalent to 4% of the purchase price, with a maximum cap of $6,000. Parts of this loan are forgiven over time, which means that if you stay in the home for a set period of time (usually 10 years), you will not have to repay the loan.
The IHD Access Deferred program offers an interest-free loan for down payment and closing cost assistance, up to 5% of the purchase price (with a cap at $7,500). This loan is deferred, and no payments are required until you sell, refinance, or pay off your first mortgage. This program offers the advantage of enabling you to become a homeowner with minimal upfront costs. You can repay the loan at a later stage when your financial situation might be more comfortable.
The IHD Access Repayable program provides a loan for up to 10% of the purchase price (with a maximum cap of $10,000) to help with your down payment and closing costs. Unlike the Access Forgivable and Access Deferred programs, this loan requires repayment, but it does offer a higher assistance limit. Home buyers with the financial capacity to handle regular payments but needing help with the upfront costs of purchasing a home will find this program particularly beneficial.
Learn more at the Illinois Housing Development Authority’s website. And consult HUD’s list 1 of alternative programs in Illinois.
The Indiana Housing and Community Development Authority (IHCDA) has two programs that offer down payment assistance.
The IHCDA also offers a mortgage credit certificate that can help first-time home buyers and veterans qualify for a better mortgage loan.
For more information on these, visit the IHCDA’s website. And check HUD’s list 1 of other programs in Indiana.
You can find grants and loans for down payment or closing cost assistance through the Iowa Finance Authority. Assistance is available for both first-time home buyers and veterans. If someone is purchasing a home in a low-income census tract, they may also be eligible. The Iowa Finance Authority operates a similar program for repeat home buyers.
All programs have income limits and price caps on eligible homes. To qualify, you need a credit score of 640.
The First Home Down Payment Assistance (DPA) Loan program is designed to assist eligible first-time home buyers with their down payment and closing costs. The program offers a no-interest loan of up to $5,000. This deferred loan requires no monthly payments, but it will have to be repaid if the home is sold, refinanced, or the first mortgage is paid in full.
Eligible first-time home buyers can receive a grant of up to $2,500 through the First Home DPA Grant to cover the down payment and closing costs. Since it’s a grant and not a loan, you don’t have to repay it.
The Homes for Iowans program provides a no-interest loan of up to 5% of the home purchase price to be used for a down payment and closing costs. Like the First Home DPA Loan, no repayments are required until the home is sold, refinanced, or the first mortgage is paid in full.
The IFA has designed the Military Homeownership Assistance program as a special initiative to honor and support military personnel and veterans. Eligible service members and veterans purchasing a home in Iowa can receive a $5,000 grant for the down payment and closing costs through this program.
Learn more at the IFA’s website. And take a look at HUD’s list 1 of alternative programs in Iowa.
Kansas first-time homebuyers are fortunate to have access to not one, but three statewide down payment assistance programs, making sure a variety of options to suit different needs.
The Kansas Housing Resources Corporation (KHRC) offers special mortgage loans as well as several down payment assistance options for buyers in the Sunflower State. Buyers can borrow 15% or 20% of the cost of the home as a silent second mortgage, without needing to make any monthly payments.
Due to preexisting DPA programs, this one isn’t available in Topeka, Lawrence, Wichita, Kansas City, or Johnson County. Get more details at the KHRC website.
Although the Kansas DPA is not affiliated with KHRC, this statewide assistance program can help with closing costs or a down payment. Furthermore, it may also offer you a 30-year mortgage loan with a fixed interest rate.
The website doesn’t provide much detail about the amount of assistance you can receive. So it’s best to reach out to one of the many participating lenders or speak directly to the Kansas DPA. You’ll find contact details on the program website.
For homes that need work, this program can help with home improvements and repairs in addition to down payment and closing costs.
There’s not much more information online. So if you’re interested in learning more, register for the HSP program through its website for more details. And find alternative programs for Kansas on HUD’s website. 1
The Kentucky Housing Corporation (KHC) offers a special loan program to help future home buyers with down payments, closing costs, and prepaid expenses.
You can get the Regular DAP for homes priced up to $481,176. The program provides a loan of up to $10,000, which must be repaid over a 10-year term at an interest rate of 3.75%.
Additionally, there is no liquid asset review, and there’s no limit on borrower reserves.
This program is open to all KHC first-mortgage loan recipients, but you must use a KHC-approved lender. Check the KHC’s website for more details.
Louisiana’s Resilience Soft Second Loan is among the most generous down payment assistance programs in the U.S. Eligible Louisiana residents may qualify for:
Better yet, the loan is forgiven after ten years. So as long as you remain in your home for at least that long, you won’t have to repay anything.
To qualify for this program, you must meet the income requirements set by the Louisiana Housing Corporation. You can’t earn more than 80% of your area’s median income.
And only first-time homebuyers can participate. First-time buyers in Louisiana include single parents who owned a home while married.
Only homes in the following parishes qualify: Acadia, Allen, Ascension, Avoyelles, Beauregard, Bienville, Bossier, Caddo, Calcasieu, Caldwell, Catahoula, Claiborne, De Soto, East Carroll, East Baton Rouge, East Feliciana, Evangeline, Franklin, Grant, Iberia, Iberville, Jackson, Jefferson Davis, Lafayette, LaSalle, Lincoln, Livingston, Madison, Morehouse, Natchitoches, Ouachita, Pointe Coupee, Rapides, Red River, Richland, Sabine, St. Helena, St. James, St. Landry, St. Martin, St. Tammany, Tangipahoa, Union, Vermilion, Vernon, Washington, Webster, West Baton Rouge, West Carroll, West Feliciana, and Winn Parish.
For more information on this program, visit LHC’s website. And look at HUD’s list 1 of alternative homeownership assistance programs in Louisiana.
MaineHousing’s First Home Loan Program makes buying a home easier and more affordable by offering low fixed-interest mortgages. And if you require assistance with the cash for closing costs, MainHousing offers two programs that may suit your needs.
Extra help is available for people who get a mortgage through one of the MaineHousing loan programs.
This program helps with closing costs and down payments for properties with one to four units. The help ranges from $8,000 to $14,000.
In both plans, help comes in the form of a grant, and the borrower can use gift money to help pay for a portion of the home. But the details of each program are different, so people who want to buy should look carefully at both to see which one meets their needs best.
Discover more at MSNA’s website. And check HUD’s list 1 of other homeownership assistance programs in Maine.
The Maryland Department of Housing and Community Development (MDHCD) can offer home buyer assistance through its Maryland Mortgage Program. Borrowers using the 1st Time Advantage home loan may have access to one of the following DPA options:
Visit MDHCD’s website for more information, as each of these plans has different qualifications. And look for other homeownership assistance programs in Maryland on HUD’s website. 1
MassHousing, an independent housing agency in Massachusetts, can offer up to $50,000 in down payment assistance, depending on where you plan to buy a home.
To find out whether you’d be eligible for this program, you’d need to speak with a loan officer. MassHousing doesn’t publish program details on its website. For a list of other local programs in Massachusetts, visit HUD’s website. 1
The Michigan State Housing Development Authority (MSHDA) offers a DPA program to assist potential buyers with closing costs and a down payment.
The M1 10K DPA Loan provides up to $10,000 in down payment assistance in specified ZIP codes if you finance your home purchase with MSHDA’s M1 Loan.
Both first-time Michigan homebuyers—those who have not bought a property in the last three years—and repeat buyers in specific areas are eligible for the program. Household income limits apply, and they vary depending on family size and property location. The maximum sales price for all properties in the state is $224,500.
A minimum credit score of 640 is needed to be eligible, or 660 if you want to buy a manufactured home with numerous sections. Completing a housing education course is also required.
MSHDA offers a homeownership education program and a mortgage credit certificate, which lowers your federal tax bill.
You can find a list of eligible zip codes on the MSHDA website. And find a list of other homeownership assistance programs in Michigan on HUD’s website. 1
The Minnesota Housing Finance Agency (MHFA) provides three types of down payment assistance loans to eligible borrowers:
Discover more at the MHFA’s website. And check HUD’s list 1 of other homeownership assistance programs in Minnesota.
The Mississippi Home Corporation (MHC) offers three different mortgage programs that each come with their own brand of down payment assistance.
Both first-time and repeat home buyers can access Smart6 and Trusty10, while MRB7 is exclusively for first-time home buyers (including those who haven’t owned a home in the previous three years).
Find out more at the MHC’s website. And consult HUD’s list 1 of other homeownership assistance programs operating in Mississippi.
The Missouri Housing Development Commission (MHDC) offers two down payment assistance (DPA) programs for both first-time and repeat homebuyers.
Eligible homebuyers receive up to 4% of the purchase price of the home to assist with down payments and closing costs. Key details include:
This program offers a 4% cash assistance loan for down payment or closing costs to qualified applicants, with complete forgiveness after 10 years of residing in the home as a primary residence.
Get more information from the MHDC’s website. And check out HUD’s list 1 of other homeownership assistance programs in Missouri, including one operated by the Delta Area Economic Opportunity Corporation.
Montana Housing provides two types of down payment assistance to help with down payments and closing costs. Note that these are not grants but rather loans that need to be paid back.
You can repay this program’s second mortgage alongside your primary mortgage over a 15-year period. Here are the main points:
Because it is a “silent mortgage,” this plan does not have any interest or monthly payments.
Remember, you need to use one of Montana Housing’s mortgage products to qualify for either of these assistance programs.
The program has lots of options and rules, so read up on the details on the website. And check HUD’s list 1 of other homeownership assistance programs in the state.
The Nebraska Investment Finance Authority (NIFA) makes becoming a homeowner easier by providing assistance with down payments and closing costs.
Nebraskans who meet NIFA’s first-time buyer criteria can buy a home with a minimal $1,000 investment with the help of HBA.
Please note that the minimum investment might exceed $1,000 based on the loan type and the seller’s contribution to closing costs.
Check the NIFA’s webpage for more information. And take a look at HUD’s list 1 of other homeownership assistance programs in the state.
If you are a prospective homebuyer in Nevada, you have several notable DPAs to choose from.
The Nevada Housing Division’s (NHD) Home Is Possible and Home First DPAs are two of these programs. However, the NHD is not the only source of assistance available. Nevada Rural Housing (NRH) administers two additional DPA programs with slightly different approaches.
The State of Nevada Housing Division’s HIP can provide up to 4% of your loan amount toward the down payment and closing costs. This takes the form of an interest-free loan.
To be eligible for Nevada’s DPA program:
In addition, you’ll need to meet your lender’s financial requirements to qualify for the mortgage.
Home First is a Nevada first-time homebuyer program that offers $15,000 in down payment assistance, forgivable after three years if the buyer stays in the home. The program also has liberal home price limits and offers a 30-year fixed rate mortgage.
To qualify for the Home First program, you must be:
Nevada Rural Housing’s Home At Last DPA helps low- to moderate-income borrowers purchase a home in Nevada. It provides a second mortgage with no interest and no payments for 30 years. The second mortgage is forgiven at the end of the 30-year term, or if the borrower sells, refinances, or prepays the first mortgage prior to the end of the 30-year term.
This assistance can be used to cover your down payment as well as your closing costs. Furthermore, the Home At Last program provides eligible homeowners with refinancing options.
This program is designed specifically for people looking to buy in rural areas of Nevada. If you qualify, you could receive up to $25,000 in forgivable down payment assistance. This assistance, like Home At Last, is a second mortgage that is completely forgiven unless you sell or refinance within the first three years.
You’ll find more detail about NRH’s offerings on its website. And check out HUD’s list 1 of other homeownership assistance programs in Nevada.
New Hampshire Housing provides mortgage programs that offer cash assistance to prospective homeowners, helping them cover down payment and closing expenses. Up to $10,000 is awarded, which can be used for the down payment as well as related closing costs.
This loan comes in the form of a second mortgage, which is forgiven in full after five years. However, exceptions apply if the homeowner decides to sell, refinance, or declare bankruptcy within this five-year timeframe.
The program income limits determine your eligibility for aid:
Completing New Hampshire Housing’s homebuyer education course is a mandatory requirement to be eligible for this program.
Get more information from the authority’s website. And take a look at HUD’s list 1 of other homeownership assistance programs in New Hampshire.
First-time buyers in New Jersey can get up to $15,000 in down payment assistance through a five-year, forgivable loan with no interest or monthly payments required. Also, first-generation buyers may qualify for an additional $7,000 in assistance.
The loan must be paired with a first mortgage from the New Jersey Housing and Mortgage Finance Agency (NJHMFA), which can be a 30-year HFA, FHA, USDA, or VA loan.
For more information, visit the agency’s website. And consult HUD’s list 1 of other homeownership assistance programs operating in the state.
The New Mexico Mortgage Finance Authority (MFA) assists first-time and repeat buyers with closing costs and down payments. Here’s what to expect.
If you’re a first-time home buyer in New Mexico or if you haven’t owned a home in the last three years, MFA may offer you $1,000 or up to 4% of the home purchase price to assist with closing costs and down payments.
FirstDown Plus provides a $15,000 third mortgage loan for first-time homebuyers or those who haven’t owned a home in the past three years. Here’s what you can expect with this DPA loan:
HomeNow, an alternative program, provides up to $7,000 in down payment assistance. The difference is that this loan can be forgiven after 10 years and is only available to borrowers with an income below 80% of the area median income (AMI).
This initiative offers down payment assistance of up to 3% of the home’s sale price to repeat buyers who do not qualify for MFA’s first-time buyer programs. While Home Forward does provide mortgage loans, it can also be used as a stand-alone DPA for those who do not have an MFA mortgage. Because the website doesn’t provide much information about the terms of this second mortgage, speaking with an approved lender should be high on your priority list.
You can find full details on the MFA authority’s website. And read HUD’s list 1 of other homeowner assistance programs in New Mexico.
New York offers first-time homebuyers access to down payment assistance programs through two key agencies: SONYMA provides statewide support, while HomeFirst caters specifically to residents of New York City.
Among its many programs first-time home buyer programs, SONYMA offers down payment assistance programs to qualified borrowers.
In addition, New York City has its own HomeFirst DPA that could offer up to $100,000 to eligible buyers. To qualify, borrowers must have a household income below 80% of their area median income (AMI) and pay at least 3% of the purchase price out of pocket.
The North Carolina Housing Finance Agency offers generous loans for down payments to all kinds of buyers throughout the state.
With either option, the assistance loan begins to be forgiven in year 11 of your mortgage and is fully forgiven by year 15. However, it’s worth noting that if you sell, transfer, or refinance before year 11, you must repay the entire amount.
Additionally, for those looking for even more assistance, you can explore pairing the NC Home Advantage Mortgage with the Community Partners Loan Pool DPA program, which could provide an extra $50,000 in financial support.
More information is available on the North Carolina Housing Finance Agency’s website. And review HUD’s list 1 of other homeownership assistance programs in the state.
The North Dakota Housing Finance Agency (NDHFA) offers two programs, “Start” and “DCA,” to assist with upfront home buying closing costs. Both programs can provide up to 3% of the mortgage amount for your down payment, closing costs, and prepaid items.
To qualify, you’ll have to have a household income below certain caps. And the value of the home you’re buying may also be limited.
You can find details on the NDHFA website. And take a look at HUD’s list 1 of other homeownership assistance programs in North Dakota.
If you’re buying a home in Ohio, either the Ohio Housing Finance Agency (OHFA) or Communities First Ohio can help you with your down payment and closing costs.
The Ohio Housing Finance Agency has a down payment assistance program that provides either 2.5% or 5% of the home’s purchase price.
If you are a recent graduate, OHFA also offers a 2.5% or 5% assistance loan to cover the down payment and closing costs. This loan is forgiven after five years if you do not refinance, move, or sell your home.
To qualify, you must have obtained a degree from an accredited college or university within the last 48 months. This includes associate’s, bachelor’s, master’s, doctorate, or other post-graduate degrees. Additionally, you need to complete a free home buyer education course from a HUD-approved counseling agency.
Get more information from MyOhioHome’s website.
If you’re eligible, Communities First Ohio might offer you a grant of 3%, 4%, or 5% of your home’s purchase price to help cover down payments and closing costs. Since it’s a grant, you don’t have to pay it back.
The rules and eligibility criteria will be similar to those for OHFA programs. However, qualified buyers will also require:
You may also be able to qualify for one of these grants more easily than you would for an OHFA loan. Because only the borrower’s income is considered, not the income of the entire household.
You can find more details on the program’s website. And consult HUD’s list 1 of other homeownership assistance programs in Ohio.
The Oklahoma Housing Finance Agency (OHFA) and REI Oklahoma both offer down payment and closing cost assistance to homebuyers in the Sooner State.
The Oklahoma Housing Finance Agency offers its OHFA Homebuyer Down Payment Assistance program. This provides down payment assistance loans to eligible borrowers using a 30-year fixed-rate mortgage. Those secondary loans are 3.5% of the primary mortgage amount.
To qualify, you’ll likely need a credit score of 640 or better. And your household income will be capped according to family size and the county of purchase.
REI Oklahoma, a well-known nonprofit organization, offers affordable home financing through conventional or government loans, as well as down payment assistance for eligible borrowers.
Down payment assistance is provided in the form of a grant, which the organization refers to as a “gift,” or a seven-year forgivable second mortgage. Depending on your first mortgage, you could receive up to 5% of your loan.
You do not have to be a first-time home buyer to qualify. However, to be eligible for the REI Home100 program, you must meet the following criteria:
You’ll find more information and a list of approved lenders on the program’s website. And take a look at HUD’s list 1 of other homeownership assistance programs operating in Oklahoma.
Oregon Housing and Community Services (OHCS) offers down payment assistance programs for first-time buyers. Unfortunately, the OHCS site doesn’t say much about how much financial help buyers can get or how it works, so it’s best to call the housing agency directly for more information.
We do know this assistance is intended for low- and very low-income families and individuals, with a particular focus on underserved populations. The state agency sends money to various local agencies that provide direct assistance to home buyers.
There’s a list of those agencies on the OHCS website, along with the county or counties each serves. Links are provided there for every agency. Also check out HUD’s list 1 of other homeownership assistance programs in the state.
The Pennsylvania Housing Finance Agency (PHFA) offers a variety of down payment assistance programs.
Each program has its own eligibility criteria and a list of acceptable mortgage loan programs. You can get details from the agency’s website. And consult HUD’s list 1 of other homeownership assistance programs in Pennsylvania.
Home buyers in Puerto Rico and the U.S. Virgin Islands may benefit from programs that offer down payment assistance, low-interest loans, and other valuable resources to make homeownership more attainable.
The Puerto Rico Housing Finance Authority (PRHFA) program is a valuable resource for low and moderate-income homebuyers in Puerto Rico. It provides low-interest loans and down payment assistance, making homeownership more accessible for those who need it.
Eligible households may receive up to a maximum of $55,000 in assistance, and properties in PRDOH-certified urban centers can potentially receive an additional $5,000 towards the purchase price.
“VI Slice” Moderate Income Homeownership Program is a valuable resource for home buyers in the U.S. Virgin Islands. This program aims to increase homeownership rates among moderate-income households in the U.S. Virgin Islands. It offers opportunities such as down payment and closing cost assistance, home purchase with rehabilitation, and new home construction.
Qualifying borrowers may receive a grant or a no-interest second mortgage of up to 20% of the home sale price, with a maximum of $85,000. You’ll need to meet a number of requirements, including:
For qualified first-time home buyers, Rhode Island Housing (RIHousing) offers a combination of grants and repayable down payment assistance loans to be used in conjunction with a RIHousing mortgage. The maximum purchase price for all DPA programs is $748,958, with income limits of $120,934 for a 1-2 person household and $139,4074 for larger households.
This is a more recent service from RIHousing that offers non-repayable grants for up to $17,500 in down payment and closing cost assistance. To qualify, a person must be a first-time buyer, purchase a primary residence, and satisfy the standard requirements for credit score, income, and homebuyer education.
This initiative is meant for people who need to borrow up to $10,000 for a down payment. This is a no-interest loan that is repayable when the home is sold, transferred, or refinanced. To qualify, you must have a credit score of at least 660.
This program offers a larger loan amount of up to 6% of the purchase price, up to a maximum of $12,000. This is a traditional second mortgage that requires equal monthly payments for 15 years at the same interest rate as the new mortgage. The advantages include a lower credit score requirement of just 620 and the ability to use it for both down payments and closing costs.
A dedicated program for first-generation homebuyers in select cities offering a $25,000 forgivable loan to be used for a down payment and closing costs. This is a zero-interest loan with no monthly payments that is forgiven after five years. Use of an approved lender and completion of a homebuyer education course are also requirements of the program.
Discover more at Rhode Island Housing’s website. And explore HUD’s list 1 of other homeownership assistance programs in the state.
The South Carolina State Housing Finance and Development Authority, or SC Housing, provides both mortgage loans and several down payment assistance options.
A DPA of up to 4% of the loan amount is also an option. To be eligible, a credit score of at least 640 is needed. This loan is comparable to the SC Housing Homeownership Program in that it has a ten-year forgiven term, a 0% interest rate, and no monthly payments.
Participants in the Housing Choice Voucher program have the opportunity to transition from renting to homeownership. Eligible households can transform their rental vouchers into home purchase vouchers if they meet certain conditions. These include the household head having rented a home for a minimum of one year with an HCV/Section 8 voucher, maintaining good standing within HCV program requirements, and holding continuous full-time employment for at least one year.
County First offers a rural initiative for home buyers in underserved areas. It provides up to $8,500 in forgivable down payment assistance alongside special fixed-rate financing for both first-time and move-up borrowers, with options for FHA, conventional, USDA, or VA loans.
This funding is available to buyers in specific targeted counties across South Carolina who meet the SC Homebuyer Program’s income and home price limits. Eligible properties include single-family residences, condominiums, townhomes, and modular homes.
For more details, visit the agency’s website. Also check out HUD’s list 1 of other homeownership assistance programs operating in South Carolina.
The South Dakota Housing Development Authority (SDHDA) offers down payment assistance via the Fixed Rate Plus loan.
Fixed Rate Plus can provide 3% or 5% of the purchase price to help with your down payment and closing costs. It takes the form of a second mortgage with 0% interest and no monthly payments. The loan amount comes due when you sell the home or refinance.
For more information, visit SDHDA’s website. And check HUD’s list 1 of other homeownership assistance programs in the state.
Depending on which program you qualify for, the Tennessee Housing Development Agency’s Great Choice Home Loan offers down payment assistance of between $6,000 and $15,000.
The Deferred Option offers a $6,000 forgivable second mortgage with no interest, which does not require payments and is forgiven after 30 years. However, if the home is sold or refinanced before the 30-year period ends, the loan must be repaid in full.
Alternatively, the Amortizing Option provides down payment assistance of up to 5% of the purchase price, capped at $15,000, which is paid back over 30 years with the same interest rate as your first mortgage.
You can use the funds from both loans towards closing costs and a down payment. All borrowers must first register for the state’s homebuyer education course.
For more details, go to the TDHA website. And read HUD’s list 1 of other homeownership assistance programs in Tennessee.
The TDHCA My First Texas Home and My Choice Texas Home programs offer significant down payment assistance to help make homeownership more accessible in Texas.
The My First Texas Home program offers up to 5% of the loan amount in down payment and closing cost assistance for first-time homebuyers. You must repay this assistance as a no-interest deferred loan when you refinance, sell, or pay off the mortgage. You can choose from FHA, VA, and USDA loan options, each offering a 30-year fixed-rate mortgage with a below-market interest rate.
The My Choice Texas Home program extends its reach beyond first-time buyers, offering up to 5% of the loan amount for down payment and closing costs. This program is designed for individuals interested in conventional loans, such as financing through a Fannie Mae HFA Preferred conventional loan, as well as government-backed loans. The assistance provided is designed to make the home buying process more affordable, regardless of buyer experience.
Veterans and first-time home buyers can also benefit from the mortgage credit certificates (MCCs) offered by the Texas Homebuyer Program. You can receive a dollar-for-dollar reduction in your federal taxes with these.
Find more details about these programs on the TDHCA website, or see HUD’s list 1 of other homeownership assistance programs in Texas.
The Utah Housing Corporation (UHC) offers down payment assistance grants and loans for home buyers who secure their primary mortgage through UHC. These programs can potentially cover the entire minimum required down payment and some, or all, of the closing costs.
To qualify for Utah Housing’s down payment assistance, you need to meet the requirements for a first mortgage with Utah Housing Corp through an approved lender. This lender will assess your financial needs and direct you to a suitable Utah Housing Corp loan that can cover your down payment and, potentially, your closing costs with a 30-year fixed-rate second mortgage. Given the limited information available, it’s important to speak with an approved lender to learn more about the terms of this DPA.
This new construction DPA offers first-time buyers in Utah up to $20,000 in assistance for down payments, closing costs, and interest rate buydowns. Eligible properties include new or unused single-family homes, condominiums, townhomes, and manufactured or modular homes on permanent foundations, all within Utah and under a $450,000 purchase price.
The aid is provided as a no-interest, no-monthly-payment loan. To apply, buyers must secure a first mortgage through Utah Housing, adhere to program-specific income limits, and have lived in Utah for at least a year before closing.
Utah Housing provides a $2,500 grant for first-time homebuyers who are active-duty military members or veterans, defining “first-time home buyer” as someone who hasn’t bought a primary residence in Utah within the last seven years. Eligible veterans are those who have been discharged from military service within the past five years. This non-repayable grant is flexible, allowing recipients to use the funds beyond just down payments and closing costs.
Qualified borrowers can get a grant of up to 3.5% of their home’s purchase price, up to $25,000, to go towards down payments and closing costs. Eligibility requires a five-year service commitment in any Utah jurisdiction post-grant. For law enforcement or correctional officers, residing in the home and maintaining employment in Utah annually forgives a part of the grant. This grant can be applied to down payments, closing costs, mortgage rate buydowns, or pre-paid mortgage insurance.
This new construction DPA offers first-time buyers in Utah up to $20,000 in assistance for down payments, closing costs, and interest rate buydowns. Eligible properties include new or unused single-family homes, condominiums, townhomes, and manufactured or modular homes on permanent foundations, all within Utah and under a $450,000 purchase price.
The aid is provided as a no-interest, no-monthly-payment loan. To apply, buyers must secure a first mortgage through Utah Housing, adhere to program-specific income limits, and have lived in Utah for at least a year before closing.
Learn more about these loans at UHC’s website. And explore HUD’s list 1 of other homeownership assistance programs in Utah.
Home buyers in Vermont may be eligible for assistance with down payments and closing costs from one of two statewide agencies.
The Vermont Housing Finance Agency (VHFA) can provide a loan of $10,000 to $15,000, depending on your income. This is a deferred loan with 0% interest and no monthly payments that comes due when you sell or refinance the home.
Applicants must use the down payment assistance in conjunction with one of the VHFA’s home loan programs to qualify. Keep in mind that borrowers and any non-borrowing spouses cannot have a combined liquid assets exceeding $30,000. Furthermore, you can layer this assistance with the First Generation Homebuyer Program, which offers additional support for down payments and closing costs.
This MCC grants eligible borrowers a federal tax credit of up to 50% of their annual mortgage interest, capped at $2,000 yearly. Recipients obtain the certificate post-closing for annual tax benefit claims, valid as long as they live in the home and keep the original mortgage.
You can learn more about both of these programs at the VHFA’s website.
NeighborWorks of Western Vermont claims it can offer statewide loans of up to $50,000 or 20% of the home purchase price, whichever is less, if you need to borrow more money than the VHFA allows.
However, these hard loans must be repaid in monthly installments over a 15-year period. The interest rate will be 2% higher than the rate on your mortgage.
To learn more, go to the website or call (802) 438-2303. And check out HUD’s list 1 of other homeownership assistance programs in the state.
In Virginia, first-time home buyers can choose from a variety of special mortgage loans and receive assistance with their down payment and closing costs from two statewide agencies.
The Virginia Department of Housing and Community Development (DHCD) has a down payment assistance program that does not offer outright home purchase grants. However, it does provide conditional ones.
If you are eligible, you may be eligible for a grant that you will never have to repay if you stay in your home for a certain number of years.
The largest grants are only available in “high-cost areas” or “chronically economically depressed areas.” Details are available via the link provided below.
To learn more, read through the program guidelines or call DHDC at 804-371-7000.
You won’t receive as much with Virginia Housing as you can with a Virginia DHCD. It typically offers 2% (sometimes5%) of your home’s purchase price. However, because this is a genuine grant, the money will not have to be repaid.
The eligibility requirements for each of the programs listed below are different. Visit Virginia Housing’s underwriting guidelines page for more information.
This grant assists buyers using a USDA or VA loan by reducing their upfront costs. It offers up to 2% of the purchase price, which can also cover the USDA rural housing service guarantee fee or the VA funding fee.
Virginia’s first-time homebuyers can get a grant covering up to 2.5% of the home’s purchase price. This grant must accompany a Virginia Housing mortgage and adhere to set income limits.
Eligible first-time buyers can secure a forgivable second mortgage ranging from 3% to 5% of the home’s purchase price, which can be applied towards the down payment. Buyers with a credit score of 680 or higher may also incorporate closing costs into this second mortgage.
Find out more about these down payment assistance grants on the VHDA website. And read HUD’s list 1 of other homeownership assistance programs in the state.
The Washington State Housing Finance Commission (WSHFC) offers five statewide down payment assistance programs, with additional options available for buyers in Clark County, East King County, and Bellingham.
Assistance varies from $10,000 or 4% of your mortgage balance to as much as $55,000 for qualified Seattle buyers.
This assistance is provided as a second mortgage, which does not require immediate repayment. Instead, repayment is only necessary when the property is sold, transferred, no longer occupied, or refinanced.
You can receive a down payment loan of up to 4% of the total mortgage amount when combined with a Home Advantage first mortgage. The amount increases to 5% for a conventional HFA Preferred loan. This loan has a 30-year deferment period with no interest.
This program offers up to $10,000 as a second mortgage for homebuyers within WSHFC income limits. The interest rate is 1%, with deferred payments for 30 years, and it must be used alongside the Home Advantage first mortgage.
The Opportunity program offers a second mortgage with up to $15,000 in down payment assistance and a 1.00% interest rate. Payments are delayed for 30 years. Designed for first-time home buyers or purchasers in targeted areas, this program pairs with the Opportunity First Mortgage.
Exclusively for Washington State veterans, this second mortgage offers $10,000 in down payment assistance with a 3.00% interest rate and payments deferred for up to 30 years. It can be combined with the Home Advantage or House Key first mortgage programs.
HomeChoice offers qualified borrowers with disabilities, or those with a family member with a disability, up to $15,000 in down payment assistance. It pairs with House Key and Home Advantage first mortgages and requires one-on-one counseling.
View the list of DPAs on WSHFC’s website and click through for details on each program. And consult HUD’s list 1 of other homeownership assistance programs in the state.
The first place first-time buyers should go for assistance with their down payment is the West Virginia Housing Development Fund (WVHDF).
The Low Down Home Loan is offered alongside the WVHDF Homeownership Program to reduce the upfront costs needed to purchase a home.Up to $8,000 in down payment assistance is provided with a 15-year fixed-rate agreement at a 2% interest rate.
Discover more on the WVDHF website. And read HUD’s list 1 of other homeownership assistance programs available in West Virginia.
The Wisconsin Housing and Economic Development Authority (WHEDA) provides two second mortgage loans, one deferred and one amortized, to qualified buyers in the Badger State.
You can borrow anywhere from $1,000 to 6% of the purchase price. Repay this fixed-rate, 10-year second mortgage in equal monthly installments. Your loan will have the same interest rate as your first mortgage. WHEDA’s conventional and FHA loans are both compatible with this DPA.
You can access loan amounts of up to $7,500. Yet, the loan remains silent for 30 years with 0% interest and no monthly payments. Repayment of the loan amount happens when you move out, sell the house, refinance, or finish paying off your mortgage, whichever comes first.
Learn more at the WHEDA website. And you can check out HUD’s list 1 of other programs in Wisconsin.
The Wyoming Community Development Authority (WCDA) has two down payment assistance (DPA) programs. Both provide a loan of up to $15,000.
You’ll need a FICO score of 620 or better and must contribute at least $1,500 toward your purchase, though that may be a gift. Both programs work only in conjunction with specific primary mortgage loans from the WCDA.
Home$tretch DPA caters specifically to individuals using the First-time Homebuyer and Spruce Up programs. With a 0% interest rate and a nominal 0.080% APR, it provides a significant advantage, based on an average loan amount of $5,500.
You do not need to make monthly payments with this DPA. And you can repay the loan when you sell the home, refinance, or after a 30-year period. This makes it a flexible choice for those looking to reduce upfront expenses when buying their first home or making upgrades.
However, the Amortizing DPA pairs with the HFA Preferred (with mortgage insurance or without) and Advantage products.
This option offers a fixed interest rate, ensuring stable fully amortizing payments over a maximum term of 10 years. Buyers who prefer a straightforward, predictable payment plan for their down payment assistance will find it an ideal choice.
Find out more at the WCDA’s website. And check out HUD’s list 1 of other homeownership assistance programs in Wyoming.
To gather enough money for a down payment, consider saving consistently in a high-yield savings account, exploring down payment assistance programs available in your area, receiving a financial gift from family, or tapping into retirement accounts if applicable. Research and leverage programs designed for first-time homebuyers, as many offer substantial support.
What is the biggest negative when using down payment assistance?The biggest negative when using down payment assistance is potentially facing higher interest rates, additional fees, or the requirement to stay in the home for a certain period to avoid repayment of the assistance. It’s important to carefully review the terms of any down payment assistance program to fully understand any financial obligations or restrictions.
What are the income limits for down payment assistance programs?Income limits for down payment assistance programs vary widely depending on the provider and your location. Generally, these programs are geared towards low- to moderate-income individuals and families. To determine specific income limits, check with the specific program you’re interested in, as they can vary by state, city, or county.
What happens if you don’t have enough for a down payment?If you don’t have enough for a down payment, consider exploring low down payment mortgage options available through FHA, USDA (for rural properties), or VA loans (for veterans). Many states and local governments also offer down payment assistance programs to help meet down payment requirements. Using mortgage calculators can help you estimate what you can afford, and consulting with an experienced real estate agent and loan officer can provide tailored advice and alternative financing options to fit your situation.
With down payment assistance available in all 50 states, many aspiring homeowners may already qualify for a mortgage loan.
Explore your home buying options and get quotes from multiple lenders using the links below. Unlocking these opportunities could be your next step toward homeownership.
Resources:
Authored By: Peter Warden The Mortgage Reports EditorPeter Warden has been writing for a decade about mortgages, personal finance, credit cards, and insurance. His work has appeared across a wide range of media. He lives in a small town with his partner of 25 years.
Updated By: Ryan Tronier The Mortgage Reports EditorRyan Tronier is a personal finance writer and editor. His work has been published on NBC, ABC, USATODAY, Yahoo Finance, MSN Money, and more. Ryan is the former managing editor of the finance website Sapling, as well as the former personal finance editor at Slickdeals.
Reviewed By: Paul Centopani The Mortgage Reports EditorPaul Centopani is a writer and editor who started covering the lending and housing markets in 2018. Previous to joining The Mortgage Reports, he was a reporter for National Mortgage News. Paul grew up in Connecticut, graduated from Binghamton University and now lives in Chicago after a decade in New York and the D.C. area.
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