Owning a home is a huge component of the American Dream, and for minorities that dream can be harder to obtain. There’s a measurable gap in the average U.S. homeownership rate among groups, with Black households having the lowest rate nationally.

In an effort to close the gap, several down payment assistance programs exist specifically aimed to help minorities fulfill their homeownership dreams:

  • The 3By30 program offers valuable resources for Black buyers, making it easier for them to secure a down payment and buy a home.
  • For Native Americans, Down Payment Resource highlights 42 U.S. homebuyer assistance programs across 14 states that make homeownership more attainable by providing support with down payments and other costs.
  • Fannie Mae provides down payment assistance to eligible first-time homebuyers living in Latino communities.

I can help connect you with one of my trusted lenders to check if you qualify for any of these or other down payment assistance programs. Contact me today to get started.

Source: @keepingcurrentmatters 🔗https://bit.ly/3OKeKSR


—Melissa Perez

DRE# 01803254