: These are cash awards given to the homebuyer that typically do not require repayment. Examples include the CHFA Down Payment Assistance Grant in Colorado, which provides up to 3% of the first mortgage amount.
While each program has its own specific criteria, most share a common framework for qualification: Guide To First-Time Homebuyer Grants - Bankrate home buying grants for low income families
Home buying assistance generally falls into three main categories: : These are cash awards given to the