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  2. What is down payment assistance and how do you get it? - AOL

    www.aol.com/finance/down-payment-assistance...

    Depending on the program, the assistance you qualify for could include loans (sometimes forgivable) or grants to cover some or all of your down payment and closing costs. This assistance is ...

  3. Down payment assistance: How it works and how to get it - AOL

    www.aol.com/finance/mortgage-down-payment...

    Down payment assistance (DPA) programs provide homebuyers with loans or grants to help cover the down payment and closing costs. These programs are typically reserved for first-time homebuyers or ...

  4. Illinois Housing Development Authority - Wikipedia

    en.wikipedia.org/wiki/Illinois_Housing...

    This has led to IHDA's role as a principal provider of financing for multi-unit housing projects dedicated to Illinois senior citizens. [ 1 ] To this original core goal were added other missions centering on the facilitation of mortgages for Illinois single-family housing, including housing for households of higher than low-to-moderate income.

  5. Guide to first-time homebuyer loans and programs - AOL

    www.aol.com/finance/guide-first-time-homebuyer...

    Down payment assistance loans. Many first-time homebuyer programs offer a lower-cost first mortgage to help you buy the home, then a second mortgage to help you cover your down payment and closing ...

  6. American Dream Downpayment Assistance Act - Wikipedia

    en.wikipedia.org/wiki/American_Dream_Downpayment...

    Since 2013, buyers receiving down payment assistance from HOME are required to participate in pre-purchasing homeownership counseling, and in August 2021 full implementation of HUD regulations requiring counseling be provided by certified counselors employed by HUD-approved housing counseling agencies took effect standardizing the curriculum ...

  7. HOME Investment Partnerships Program - Wikipedia

    en.wikipedia.org/wiki/HOME_Investment...

    Home purchase or rehabilitation financing assistance – In this type of activity, the HOME program may provide a down payment for the purchase of a housing unit to a financial institution, thereby reducing the monthly mortgage payment of the loan balance for a low-income family that otherwise could not afford the monthly payment. The down ...

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