Down Payment Assistance Program:
New for qualified buyers,
up to $2,500 in down payment assistance
Apply for a credit toward your down payment or closing cost.
See requirements below.
or call 1.866.GUIDANCE
or call 1.866.GUIDANCE
Requirements
1. The amount you qualify for is based on your total income divided by the median income of the county your property is located in. The total income is based on the income from all applicants.
i. For customers whose total income is 50% or less of the county median income, the credit equals $2,500.
2. Property must be in one of our 33 participating states: Alabama, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, Florida, Georgia, Illinois, Indiana, Kansas, Kentucky, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, New Jersey, New York, North Carolina, Ohio, Oregon, Pennsylvania, Rhode Island, South Carolina, Tennessee, Texas, Virginia, Washington, West Virginia & Wisconsin.
3. Minimum qualifying credit score for all applicants of 620.
4. Minimum contract to value ratio of 70%.
5. The buyer must have a minimum of $1,000 or 1% of the purchase price whichever is greater of their own funds toward the down payment of the property being purchased.
6. No non-occupant co-borrower or co-signer.
7. Customer must close with Guidance Residential.
8. Customer must take an application and be referred to counseling by Nov 30, 2025 to qualify for the credit. Must schedule Home Ownership Counseling and Close by Dec 31, 2025.
9. Funds can be used for either down payment or closing costs. This credit can be combined with other down payment assistance programs.
*Subject to availability. All conditions listed on program disclosure.
