If you’re in the market for a new home, chances are you’ve been evaluating your finances. As a first-time homebuyer,
there are programs in place to help with the down payment.

Consider these programs for help in affording your dream home:

VA loans

This program helps veterans and active duty military members get a home with no down payment. It’s backed by the
government and has a series of requirements to meet. There are also Adapted Housing Grants, which help purchase a
home adapted for a service-related disability, or if upgrades need to be done to the home to make if accessible.

USDA loans

If you’re searching for a home in a rural area, a loan from the Department of Agriculture may be the one for you.
There is no down payment to participate, but there are income and location requirements.

Local first-time homebuyer grants

Many municipalities offer funds from their own first-time homebuyer programs. There are certain requirements to meet,
such as minimum credit scores and debt to income ratios. There are also block grants through Congressional
districts, which are distributed through local programs.

A mortgage broker will be able to recommend additional programs you may qualify for based on the area you are
attempting to purchase in. Homeownership doesn’t have to be complicated – it may just take a little work to get what
you want and the assistance you need.