Down Payment Assistance Programs
You can buy a home without making a hefty down payment or wiping out your savings. With over 800 down payment assistance (DPA) programs available as grants or second mortgages from states, counties and even cities, plus Guild’s own assistance programs, the best fit for you is out there. Your local loan officer can suggest the right one to help you afford your new home and start building equity!
Down payment assistance (DPA) programs available at Guild
800+ local government-funded programs
Guild-exclusive programs:
- Zero Down, which offers an FHA first mortgage paired with a second mortgage
- 1% Down, which provides up to $5,000 in Guild assistance
- 3-2-1 Home Plus, which awards funds for closing costs plus a The Home Depot® gift card with a 3% down payment
Down Payment Assistance Programs are for:
First-time homebuyers, though some programs are open to repeat homebuyers
Lower income earners
Borrowers without enough savings for a down payment
Primary home purchases
Down Payment Assistance Programs are for:
First-time homebuyers, though some programs are open to repeat homebuyers
Lower income earners
Borrowers without enough savings for a down payment
Primary home purchases
How to buy a home with Down Payment Assistance:
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Connect with a loan officer in your area by completing the form
Complete an application
Your loan officer suggests your loan options and potentially a second mortgage, depending on the DPA
A homebuyer education course or an extra application may be required
Find a home and close on your first mortgage
At closing, the DPA is used towards your down payment, closing costs or other program-eligible expenses
Depending on your DPA, you'll either pay the second mortgage back monthly or upon selling
With some DPAs, you may not have to pay it back at all if you stay in the home for a set time
It doesn’t hurt to ask what’s available in your area. You may qualify for more than you expect. Let’s explore your options together.
Your partner in pursuit of home.
All loans subject to underwriter approval; terms and conditions may apply. Subject to change without notice. Always consult an accountant or tax advisor for full eligibility requirements on tax deduction.