Homebuyer Programs Available In Your Region
Jun
28
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There are a number of homebuyer programs available at the state, regional and community level. Here are some available on a community level:
- Low-Interest Mortgages – The purpose of the low-interest loan program is to preserve the existing housing stock and encourage neighborhood improvement efforts. The program provides home repair loans to low-income and moderate-income home owners at interest rates ranging from 0 to 5 percent depending on household income and family size.
- First-Time Homebuyer Program – The Housing Finance Authority provides financing for the rehabilitation, construction and/or purchase of new and existing house for moderate, middle and lower-income families.
- Down-Payment Assistance – This program assists low and moderate income households to purchase homes that will serve as their principal residence. It provides financial assistance in the form of interest-free second mortgages with repayments deferred for up to five years.
- Special Lender Programs – Low, moderate and middle-income buyers who have the desire and capacity for home ownership often lack the financial resources to purchase housing that meets their needs.
Whether you’re looking for first-time homebuyer counseling programs, down-payment assistance or low to zero-interest loans, a phone call to your city or county offices should be able to get you pointed in the right direction. You can also use a search engine like Google.com to find such programs. Try combining your city or county name with words like “first time homebuyer” or “homebuyer assistance” for best results.

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