Purchase
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Down payment assistance
State bond programs and grants that cover part of your down payment or closing costs. We're approved lenders for the programs in our states.
Photo: Adobe Stock (free collection) · Adobe Stock standard license · asset 363129670 · licensed 2026-09-06 under the Chris Does Photos account
By state
Every state is different. Pick yours.
4 programs · Montana Housing
Montana
3 programs · CHFA
Colorado
3 programs · North Carolina Housing Finance Agency
North Carolina
Who it's for
Buyers with steady income who need help with the cash to close. Income and purchase-price limits apply and vary by county.
How it works
- Each state's housing finance agency offers a first mortgage (often called a bond loan) paired with a second loan or grant for the down payment.
- The assistance is usually a low- or zero-interest second loan, sometimes forgiven over time, sometimes repaid when you sell or refinance.
- You apply through an approved lender like RedHouse; the agency doesn't take applications directly.
What you'll need
- Income at or below the program limit for your household size and county
- A homebuyer education certificate (online, a few hours)
- The same income and credit documents as any purchase loan
Common questions
Is this only for first-time buyers?
Many programs are, but some are open to repeat buyers, veterans, or buyers in targeted areas. Check your state's page.
Do I have to pay it back?
It depends on the program. Some are forgiven after a number of years; some are repaid when you sell or refinance; a few are grants. The terms are disclosed in writing before you commit.