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Purchase Loan

Down Payment Assistance

Help covering your down payment and closing costs.

Overview

Down payment assistance programs help buyers with the upfront cost of a home through grants, forgivable loans or deferred second mortgages. Many are run by state housing agencies and local programs and are paired with an FHA, VA or conventional first mortgage.

Ideal For

First-time and moderate-income buyers who have steady income but limited savings.

Program Highlights

  • ✓Grants, forgivable loans and deferred-payment second mortgages
  • ✓Often paired with FHA, VA or conventional financing
  • ✓Income limits, purchase price limits and homebuyer education may apply
  • ✓Availability depends on your state, county and the program's funding

Program terms and eligibility are subject to underwriting guidelines and may vary. 1st 2nd Mortgage Co. of N.J., Inc. is licensed in DE, VA. NMLS # 115981.