First Time Home Buyer Program
- Up to 20% of the home's purchase price, maximum $40,000 is available in down payment assistance.*
- Borrowers must be first-time homebuyers or not have owned a home for three years and have an income at or below 80% of the area median income.
- Assistance is in the form a 0% second lien that is forgiven if the buyer remains in the home for 10 years.
- Maximum debt-to-income ratio (DTI) is 45%
- Income and purchase price limits apply.
- There are no credit score requirements.
