Black Consumers Down Payment Assistance Programs

For Black consumers and first-time homebuyers, saving for a down payment can be a significant hurdle. While many families and individuals can manage a monthly mortgage, they often lack the upfront resources for a down payment. However, crucial programs are available to assist homebuyers with their down payments, making homeownership more accessible.

These programs can come in the form of loans or grants, depending on the specific program. Eligibility for these programs can differ. Often, earning no more than 80% of the area median income is required to qualify, but some programs allow up to 120% of the median income.

For help finding down payment assistance programs in your area, visit https://downpay-mentresource.com.