Free Money: Grants

Here are  a few programs that are available to help with a down payment. Please note that the both programs require you to pay a higher interest rate without the option to refinance for five years. In essence, you are simply borrowing the money and paying it back via a higher interest rate. Personally, I would take the lower interest rate any day of the week, unless you are planning on moving after five years.

Citylift: Down payment assistance for moving into certain areas or having certain union jobs.

SmartMove:  Up to $6,000 in down payment assistance.

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