First-Time Buyer Down Payment Programs by State

Every state in the U.S. has programs designed to help first-time buyers afford a down payment. Some are generous grants. Others are low-interest second mortgages. Here is a snapshot of what different states offer.

California — CalHFA

The California Housing Finance Agency offers the MyHome Assistance Program: a deferred-payment junior loan of up to 3.5% of the purchase price. No monthly payments, 0% interest, repaid when you sell or refinance. Combined with the CalHFA conventional or FHA loan program.

Texas — TSAHC and SETH

The Texas State Affordable Housing Corporation (TSAHC) and SETH offer down payment assistance grants from $5,000 to $10,000. No repayment required if you stay for 3 years. Available through participating lenders statewide.

New York — SONYMA

The State of New York Mortgage Agency offers multiple programs. Achieving the Dream provides up to $15,000 in assistance with a 30-year fixed rate. Income limits vary by county, and first-time buyer education is required.

Florida — Florida Housing

The Florida HFA offers down payment assistance up to $10,000 through the Florida Assist program for first-time buyers. Forgivable after 5 years. Also has the HFA Preferred conventional loan with lower rates.

Illinois — IHDA

The Illinois Housing Development Authority offers the Access Forgivable program: up to 6% of the purchase price (max $10,000), fully forgiven after 10 years. Income and purchase price limits apply. Must use an IHDA-approved lender.

How to Find Your State's Program

Search for [your state] + housing finance agency. Check eligibility requirements and participating lenders in your area. Many programs can be layered with FHA, conventional, VA, or USDA loans.

Don't assume you don't qualify. Income limits are often higher than you think — 120% of area median income in many states. That means a household earning $90,000 may qualify in a moderate-cost area.