Eligibility For Down Payment Assistance

To qualify for down payment assistance programs, you generally need a credit score of at least 620.

Your income level must meet the program's criteria.

Your debt-to-income ratio (DTI) may also be considered by many programs.

Depending on the program, you may have to meet other requirements. For example, the home may need to be located in a certain area or county.

You must be a first-time home buyer.

You may need to take a course on home buying and finances.

You must remain in the home for a certain period of time (usually 3-10 years).