Real Estate Agent with HomeSmart Realty


It is not easy for everyone to accumulate enough for a house down payment especially with student loans, inflation, and high rental fees. .

Here are the types of down payment assistance for the home you want:

  1. Affordable First Mortgages. This is assistance from housing agencies of the state. It is meant to lower the mortgage payments. Affordable First Mortgages also cut down the interest rate of a loan based on the buyer’s budget. They can also lower mortgage insurance, closing costs, and fees.
  2. Mortgage Credit Certificates. These are actual federal tax credits that can reduce your income tax payments. This is offered by local government and state agencies.
  3. Down Payment Help. This is a type of financial help that are usually 2nd or 3rd grants or mortgages that give forgivable loans, no-interest loans, and deferred payments. The money provided is often based on the income of the buyer and the price of the housing in their corresponding markets.
  4. Rural Guaranteed Loan and Rural Direct Loan. These programs are under the U.S. Department of Agriculture. They concentrate on rural households and communities that have low-income to moderate-income.

You can purchase your new home with the help of any of these down payment assistance programs. All you need to do is find more information about them. If any of them is available in your state or locality, then you can apply. Once you’re approved, you can smile, heave a sigh of relief, and plan your future in your new home.

Clifff Johnson, (678)495-6050,


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Cliff J , Real Estate Agent in Stone Mountain Georgia, Certified First Time Home Buyer