Middle-Income Downpayment Assistance Grant

What is the Middle-Income Downpayment Assistance Grant?

This program is designed to put sustainable homeownership within reach for more families and individuals, including essential community members like teachers, police officers, and service workers. It provides a significant grant that does not need to be repaid, making it one of the most attractive options for first-time homebuyers.

Key Benefits of the Middle-Income Grant

• Substantial Grant Amount: Offers up to $50,000 in assistance towards your down payment and closing costs.
• No Repayment Required: As a grant, these funds do not need to be paid back.
• Supports Community Heroes: Specifically designed to help middle-income households and essential workers achieve homeownership.

Eligibility Requirements

To qualify for the Middle-Income Downpayment Assistance Grant, applicants generally need to:

• Be a first-time homebuyer.
• Meet income requirements, typically between 80.01% and 140% of the Area Median Income (AMI).
• Complete a homebuyer counseling program.
• Purchase an eligible property as a primary residence in Nevada, Arizona, or California.
• Contribute a minimum of $10,000 from savings or gifted funds.

Explore Other Options

Even though this specific grant is not currently available, many other excellent down payment assistance programs are! Our team is here to help you navigate your options and find the perfect fit for your situation.