Homeownership

Arkansas Homestead Property Tax Credit Guide 2025: How Homeowners Can Save 425 Dollars Every Year

If you own a home in Arkansas and you are not getting the Homestead Tax Credit, you are almost certainly leaving money on the table. This is not a sweepstakes, not a lottery, and not a complicated grant application.

Amount: $425 annual credit applied to the school property tax portion of a homestead Deadline: Apply with your county assessor by October 15 to receive the credit on the next tax bill Location: Arkansas

Colorado CHFA Down Payment Assistance

Forgivable second mortgage and grant options from the Colorado Housing and Finance Authority to help first-time and repeat buyers cover down payments and closing costs.

Type: Benefit Amount: Up to 3% grant or 4% second mortgage ($25,000 maximum) Deadline: Rolling; tied to first mortgage reservation Location: United States - Colorado

FHA Home Loan Program

Makes homeownership more accessible for low-to-moderate income borrowers through lower down payment requirements and credit score flexibility.

Type: Benefit Amount: Loan guarantee (3.5% down payment) Deadline: Ongoing Location: United States

HUD FHA 203(k) Rehabilitation Mortgage

Combines home purchase or refinance with renovation financing under one FHA-insured mortgage, enabling buyers to rehab or modernize properties.

Type: Loan Amount: Up to FHA county loan limits; rehabilitation portion ranges from $5,000 to structural caps depending on Standard or Limited 203(k) Deadline: Rolling (apply through FHA-approved lenders) Location: United States

HUD Housing Choice Voucher Homeownership Option

Lets eligible Housing Choice Voucher households convert rental vouchers into monthly homeownership assistance for mortgage payments and housing costs.

Type: Benefit Amount: Varies by PHA; monthly assistance equal to applicable voucher payment standard applied to homeownership expenses Deadline: Rolling (based on local Public Housing Authority intake cycles) Location: United States

Michigan MI Home Loan Down Payment Assistance

State-backed mortgage with forgivable down payment assistance for eligible first-time and repeat homebuyers.

Type: Loan Amount: $7,500 statewide; $10,000 in target cities Deadline: Rolling; aligns with lender closing schedules Location: United States - Michigan

Save 50 Percent on a Home: Guide to the HUD Good Neighbor Next Door Program

If you are a teacher, police officer, firefighter, or EMT and you think homeownership is out of reach, this federal program may prove you wrong in a big way.

Amount: 50% discount on HUD-owned homes plus $100 down payment option Deadline: Rolling Location: United States

USDA Section 502 Direct Home Loan

Zero-down payment mortgage for very low- and low-income rural homebuyers financed directly by USDA Rural Development.

Type: Loan Amount: Loan limit varies by county; payment assistance can reduce effective interest rate to 1% Deadline: Rolling Location: United States - Rural

VA Home Loan Benefits 2025: How Veterans Can Buy a Home with $0 Down

If you’re a Veteran, service member, or surviving spouse and you think you “can’t afford a house,” the VA home loan program might change your mind very quickly. This isn’t a tiny perk buried in your benefits packet.

Type: Benefit Amount: Loan amounts up to conforming limits with zero down; funding fee varies 0.5%–3.3% Deadline: rolling application Location: United States