Down Payment Assistance
Through a variety of local, state and federal programs, there are many ways we may be able to help you with your down payment.

Getting help with your down payment may be easier than you think.

FirstBank Mortgage works with different down payment programs to help reduce or eliminate your down payment cost.

Down payment assistance programs

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FirstBank Borrower Benefit

Funds are available for 5% of the loan amount, up to $5,000, in down payment assistance. Income and location requirements apply. Homeowner education required.

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FirstBank BorrowSmart

Up to $1,500 in down payment assistance. Income and location requirements apply. Homeowner education required.

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Click N' Close

Funds are available for 5% of the loan amount. 100% forgiven after five years in the home. Credit score requirements apply.

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THDA Great Choice Home Loans

Funds are available for up to 5% of sales price on loans up to $300k. Sales price between $300k-$400k can receive up to $15,000 in assistance. Reduced interest rates are available for veterans, active duty and military. Credit score requirements apply.

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Welcome Home Funds

Up to $20,000 grant for down payment assistance. Veterans and active duty may qualify for up to $25,000 grant. Funds are only available for a limited time each year. Requires $500 out-of-pocket investment.

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State Assistance Programs

We participate in multiple statewide assistance programs. These programs vary by state and can include down payment funds secured by a second mortgage, a no-interest loan or even a grant.

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Mortgage Tax Credit

The Mortgage Tax Credit Certificate (MCC) is a dollar-for-dollar tax credit of up to 50% of the mortgage interest paid per year, capped at $2,000 annually. Homebuyers can choose to receive immediate savings or to receive the credit once a year when filing federal income tax returns.

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Zero Down Payment Loans

Are you a first-time homebuyer looking for a zero down payment loan? We have several options for you. Learn more here.

Example: On a $300,000, 30-year loan with 0% down payment, the total monthly mortgage payment with a rate of 6.99%, 7.066% APR would be $1,976, taxes and insurance not included. The Welcome Home loan requires a borrower investment of $500. The borrower investment can be used towards any closing costs, including appraisal. Application is required and subject to underwriting. Not all applicants are approved. Full documentation and property insurance required. Loan secured by a lien against your property. Fees and charges apply and may vary by product and state. Terms, conditions and restrictions apply, so call for details. FirstBank Mortgage provides a variety of loan products with different rates, payments and fees. All loans are subject to credit approval. Products and services offered by FirstBank. FirstBank Mortgage is a division of FirstBank. FirstBank Institution NMLS ID 472433.