Most first-time homebuyers that qualify for down payment assistance will utilize the MHFA CASA program which provides qualified buyers with down payment assistance of $3,000. This program is available for homes anywhere in the 13-country metro area. You must use an MHFA loan in conjunction with this program – according to the MHFA, their current 30 year rate is 4.5%!
There is another program with stricter guidelines called the Home-Help Fund – which provides additional down payment assistance on top of the CASA funds. More on that later!
