The Low Down Home Loan helps cover down payment and closing costs, reducing out-of-pocket expenses for homebuyers. It is exclusively available with the WVHDF Homeownership Program through participating lenders.
HomeReady offers low down payments and flexible financing for creditworthy low-income buyers, including a $2,500 credit for very low-income borrowers to help with down payment and closing costs. Lenders benefit from reduced hedging costs and enhanced pricing options. See LL-2024-01 for details.
The Freddie Mac Home Possible® mortgage offers a 3% down payment and flexible options for very low- to low-income borrowers. Non-occupant co-borrowers and borrowers with other financed properties are allowed, all with competitive pricing and the simplicity of a conventional mortgage.
The MCC program helps lower-income families afford homeownership by offering a tax credit of up to $2,000 per year for a portion of mortgage interest paid. Eligible first-time buyers must meet income and purchase price limits and use the home as their primary residence.
Bank of America’s Community Homeownership Commitment® offers down payment and closing cost assistance combined with low down payment mortgages, making homeownership more accessible for modest-income borrowers.
Make homeownership possible with a grant of up to $7,500 in select areas and a low down payment.
Get up to $7,500 in lender credit to help cover closing costs if you meet eligibility requirements. This assistance applies to any loan type, including FHA loans with lower closing costs.
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