Down Payment Assistance

As a Joint Powers Authority, ICFA is empowered by the Department of Housing and Urban Development to provide homebuyers in member cities with down payment and/or closing cost assistance. With ICFA’s Advantage Down Payment Assistance Program, cities can make that dream a reality for more residents, with no risk to the municipality.

Program Features

  • Available for both new and existing properties
  • Grants of up to 3% of the final loan amount
  • An additional 1% in closing cost assistance
  • Assistance is NOT limited to first-time homebuyers
  • Eligibility is based on credit score and qualifying income

For more information, download our Down Payment Assistance brochure here.

ICFA sponsored a free webinar on down payment assistance in June of 2013. Interested parties can watch the presentation in full by clicking here

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