State Housing Agency Loans and DPA Programs may be excellent options for you if:

• You’re a first-time or repeat homebuyer; and
• You have low- to moderate-income, are an underserved minority, are disabled or elderly, or work in certain professions (like teaching or the military, depending on the state);and
• You want a low-interest mortgage rate and/or down payment assistance.

State Housing Agency Loans and DPA Programs benefits and features:

• State Housing Agencies typically provide low-interest mortgage rates and DPA programs, which vary by state.
• DPA is commonly provided in the form of a grant or a loan, which is secured as a lien against the property and often forgiven over time.
• DPA is also available in some high-cost housing areas, where DPA eligibility may be based on factors other than income. 
• Other requirements and conditions apply.