Housing finance agencies in twelve states have announced expanded down payment assistance and closing cost grant programs for first-time homebuyers. The initiatives collectively add over $800 million in available aid for the 2026 buying season.
Eligibility requirements vary by state but generally target households earning at or below 120 percent of area median income. Several programs now include forgivable second liens that require no repayment after five years of owner occupancy.
First-time buyers are encouraged to complete homebuyer education courses early, as many programs operate on a first-come, first-served basis and funding can be exhausted quickly in high-demand markets.
