Do down payment assistance programs have income limits?

Yes, most down payment assistance programs have income limits based on household size and the area median income. These limits vary by program, county, and lender. Some programs are designed for first-time homebuyers, while others are open to repeat buyers in certain areas or professions like teachers or first responders. The assistance can come as grants, forgivable loans, or low-interest second mortgages. Eligibility also depends on credit score, debt-to-income ratio, and the purchase price of the home. The specifics depend on your situation and a licensed lender should confirm, and Jon can connect you with one.

Specifics depend on your situation and should be confirmed with a licensed lender. Jon can connect you with one: text (623) 826-0888.