IHCDA First Step Down Payment Assistance

About This Program

5% of the home purchase price as down payment assistance for first-time homebuyers or purchasers in targeted census tracts. 30-year fixed-rate FHA or Conventional. Non-forgivable DPA. Income and purchase price limits apply. $250 reservation fee.

First-time buyers or targeted census tracts

Key Details

• 5% of home purchase price
• 30-year fixed-rate FHA or Conventional
• Must be first-time buyer or in targeted census tract

How to Apply

Deadline: Year-round through participating lenders