First-Time Buyers Unaware of Down-Payment Assistance

Mortgage Rates at 3.89 percent average this week.
Seventy percent of adults in the U.S. say they're unfamiliar with down-payment assistance programs for middle-income home buyers in their community, according to a survey. But plenty of help is available. Organizations provided 6,000 buyers with more than $100 million in down-payment assistance last year. Expects to increase its assistance this year, too. Many local and state organizations offer down-payment assistance as well, and there are specialized programs for military vets through the Veterans Affairs loan program, for first-time buyers through the Federal Housing Administration, and for rural home buyers through the U.S. Department of Agriculture, Learn more about Down payment Assistance..