These programs are available across multiple states and are often tied to specific government agencies or non-profits.
: Low-income individuals currently receiving Housing Choice Vouchers (Section 8) may be able to use their voucher to help buy a first home and pay monthly expenses . 2. State & Local Housing Finance Agency (HFA) Grants low income grants for buying a home
Most true "free money" grants are found at the state or local level through HFAs . Examples of active 2026 programs include: Welcome Home Grant | Down Payment Assistance Program These programs are available across multiple states and
Buying a home as a low-income earner is achievable through a variety of federal, state, and private grant programs designed to cover down payments and closing costs. These programs typically require you to meet specific income limits, usually based on a percentage of your . 1. Federal & National Grant Programs State & Local Housing Finance Agency (HFA) Grants
: Offers grants and three-year forgivable loans up to 5% of the mortgage amount for down payments and closing costs . It is available to both first-time and repeat buyers .
: A nationwide program that provides 3.5% to 5% of the purchase price as a forgivable loan . Loans are typically forgiven after 36 consecutive on-time mortgage payments .
: Managed by HUD , this program offers a 50% discount on the list price of eligible homes in revitalization areas for teachers, law enforcement, firefighters, and EMTs .