Many potential homebuyers tend to put their plans on hold until they’ve saved enough cash for a down payment. However, almost every state, city, and county offers its own down payment assistance (DPA) program.

DPA program requirements vary. Some are limited to lower-income households, while others offer help with down payments and closing costs. Some even offer grants that don’t require repayment if you stay in your home for a certain number of years.

Want to find out more? The fastest method is to Google “down payment assistance for [insert your state here] homebuyers” or similar.

Are you ready to tackle homeownership? Contact CosmoLends by calling 216.387.1003 or click here to sign up online. CosmoLends are experts in home loan products including FHA, VA, Conventional, USDA and OHFA, as well as purchase rehabilitation loans such as the FHA 203(k) and HomeStyle Renovation products. Call us and speak to one of our mortgage coaches to find out how we can help. You can also speak with a member of our loan team for a FREE consultation.