One question prospective homebuyers sometimes ask is: “Am I too young—or too old—to qualify for Down Payment Assistance?” In most cases, Down Payment Assistance (DPA) programs do not have a maximum age limit. Instead, eligibility is generally based on factors such as income, credit, the mortgage program being used, property...
Down Payment Assistance Programs in the 50 States: Common Themes & Highlights
Shared Features Across State DPA Programs Grant, Loan, or Forgivable ModelsMost DPAs come in one of three forms: grants (non-repayable), deferred second‑mortgage loans (often interest‑free and forgiven after a set period or sale), or forgivable loans if certain conditions—like occupancy—are met. Primary Residence RequirementA near-universal requirement is that assistance be...