Down Payment and Rental Assistance Programs
Down payment and closing cost assistance is offered to income-eligible first time homebuyers. Funding programs and communities vary – email us for more details.
- Can be used for a portion of down payment or closing costs or to reduce first mortgage owed
- Structured as a 0% deferred payment loan with no repayment required as long as terms of program are met
- Mortgage is released after a certain number of years provided terms are met
- Funds provided according to need and funds availability
Rental assistance is offered to low-income households in specific programs to assist them to pay their rent.
Current down payment and rental assistance programs:
- Georgetown Rental Assistance Program - flyer and application
- Down Payment Assistance Programs
Here are some useful links for first-time homebuyers: