Down Payment Assistance

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Down Payment Assistance


We are currently NOT accepting applications for the Down Payment Assistance program at this time. If you are in need of assistance, please visit our Individual Development Account page for more information.

  • This is a 0% deferrable loan that must be paid back in full at any transfer of title/ownership
  • Household income must be at or below 100% Area Median Family Income (AMFI) Income is calculated by using the households’ Adjusted Gross Income (AGI) on the prior year’s tax return.
  • $3,000.00 in Down Payment Assistance (DPA) per household, the household must bring at least $1,000.00 of their own funds to closing.
  • To qualify, household must have a valid Homebuyer Education certificate (within past year) and attend at least one pre-purchase appointment with an NMCAA Budget/Housing Coach
  • Down Payment Assistance (DPA) can be paired with IDA funds for maximum benefit
  • Offered on a first come, first qualified basis
  • When is the best time to apply for Downpayment Assistance? The best time to apply is after an offer is made on a home. You can start to save before applying.

Register for upcoming workshops or meet with a Budget & Housing Coach by clicking below.

For more information please call 231-947-3780 or text 231-714-4578 or email

This page last updated on 7/14/2023.