New Home Purchase Stimulus Program

Newly Released 2020 Home Purchase Program Giving $17,500 For Down Payments

Updated: 2 hours ago

Check if You Qualify For $17,500 Down Payment Stimulus Today.

Choose Your Age Below To Check Your Eligibility.

What is Down Payment Assistance?

Simply put, Down Payment Assistance (also called DPA) is funding for home buyers through local State and Gov Backed Programs. This program helps people with financial assistance that drastically reduces the amount you need to save for a down payment on your new home.

For example, if you want to buy a 200,000 home and need 3 percent to qualify ($6,000), it would take you over two years to come up with that by saving roughly $200 month. A Down Payment Assistance Program could cut that amount of time down to weeks!

How Much Can I Get?

This can be a tough question to answer without knowing where you plan on buying a home and the loan amount. DPA programs can be a zip code lottery. For example, in Hawaii the max amount of assistance is $80,000 but in certain areas in Alabama the max is only $3,250. The average amount across the entire U.S is $17,500. But even if you don’t qualify for the max amount, any extra funding would help you get into a new home sooner.

Next: Verify Your Eligibility

Average Amount Received Using Down Payment Assistance

How To Verify Down Payment Assistance Eligibility?

Go to the official Down Payment website Once there, answer a few questions about the home you’re purchasing and how much cash you need. It’s 100% FREE, there are no credit checks and it only takes 2 minutes to check.

Previous programs have expired, however the 2020 financial crisis brought them back. If you have been denied in the past you may now qualify as the guidelines are more relaxed.

How Do I Know If I Qualify?

It’s completely free to see if you qualify and takes 60 seconds or less. Home buyers in certain zips are more likely to qualify for a larger assistance payout.

While the deadline for 2020 Down Payment Assistance has not yet been announced, it could end at any moment. We would advise you to check your eligibility while you still can.

Pro Tip #1: A credit score of 550+, which is considered “Good” credit, can help you get the largest possible payout.

Pro Tip #2: Only single-family homes are eligible. No apartments or mobile homes (Sorry!)

Choose Your Age

Average Amount Received Using Down Payment Assistance


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* – Based on Median Home Equity of Americans aged 45 to 54 of $70,000 (U.S. Census Bureau)


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