Down payment options and assistance
There are more ways to fund a down payment than a single savings account. Mix programs and support to reach a realistic all in number and timeline.
Common paths
- Low down programs like Conventional 3% and FHA 3.5%.
- VA and USDA for eligible buyers with 0% down plus program rules.
- Gift funds from close family with a simple letter and paper trail.
Assistance programs
- City and state grants that add to your down or cover part of closing costs.
- Forgivable seconds or soft seconds that fade out over time if you stay in the home.
- Employer and community programs for first time buyers and key workers.
Build a workable plan
- List savings, expected gifts, and likely grants for your city.
- Match a loan type to your numbers and target price band.
- Keep a clean paper trail for every transfer to speed approval.