True or False: Only low-income, first-time home buyers qualify for down payment assistance?

True or False: Only low-income, first-time home buyers qualify for down payment assistance?

…and the answer is … false: Repeat buyers and buyers with middle-range incomes sometimes qualify for homeowner assistance, depending on the program.

There are programs that allow for higher incomes and expanded property types, such as multifamily or manufactured homes.

The company, Down Payment Resource, maintains a database of more than 2,400 homeowner assistance programs nationwide.

So … there are programs to help more Americans become homeowners.

Hopeful future buyers should do research for programs that might apply to them.