Think buying your first home is out of reach? 2025 programs may prove otherwise.
Rising home prices and economic uncertainty have made many first-time buyers wonder if homeownership is still realistic. The good news? In 2025, there are more state, federal, and local programs than ever designed specifically to help new buyers overcome common barriers—especially down payments, credit requirements, and closing costs.
Whether you’re just beginning your homeownership journey or finally ready to take the leap, knowing what support is available can make all the difference.
Down Payment Assistance (DPA) Programs
Many first-time buyers assume they need 10–20% down—but programs in 2025 offer grants or low-interest loans to cover a portion or all of your down payment.
FHA Loans
Backed by the Federal Housing Administration, these loans allow for low down payments as lowand are often more forgiving of credit blemishes.
Freddie Mac Home Possible® and Fannie Mae HomeReady®
These conventional loan programs cater to lower-income or first-time buyers and include flexible guidelines for credit, income, and property types.
CalHFA Programs (for California Buyers)
The California Housing Finance Agency continues to offer programs such as the MyHome Assistance Program and Forgivable Equity Builder Loan, which help with both down payments and equity growth.
VA and USDA Loans
If you’re a veteran, active-duty military member, or buying in a rural area, you may qualify for zero-down financing with competitive interest rates.
Myth: First-time buyer programs are only for low-income households.Fact: Many programs have income limits based on area median income (AMI) and household size, which means you may qualify even with a moderate income. Plus, being a “first-time buyer” often just means you haven’t owned a home in the last three years.
Want to find out which first-time buyer programs you qualify for? Our team can walk you through your options, compare program benefits, and help you chart your path to homeownership.
Contact Sales to schedule a no-obligation discovery call.
📞 855-LOANWORKS (855.562.6769)
✉️ Sales@LoanWorks.ai
Disclosures: LoanWorks, Inc. is a mortgage broker licensed in multiple states. All information provided on this blog is for general informational purposes only and does not constitute an offer to lend or a commitment to approve any loan. Loan terms, rates, and eligibility are subject to change without notice and may vary based on creditworthiness, property type, and other factors. Not all applicants will qualify.LoanWorks, Inc. does not guarantee approval, rate, or term and does not make any express or implied claims about the availability of specific programs or products.
By refinancing an existing loan, total finance charges may be higher over the life of the loan. Always consult with a licensed LoanWorks representative for details specific to your financial situation.
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