In addition to federal programs, many states offer assistance programs for first-time home buyers with perks such as down payment assistance, closing cost assistance, tax credits, and discounted interest rates.
In addition to federal programs, many states offer assistance programs for first-time home buyers with perks such as down payment assistance, closing cost assistance, tax credits, and discounted interest rates. AHFA offers a dollar-for-dollar tax credit through the Mortgage Credit Certificate as well as an affordable income subsidy grant for certain qualified borrowers. Both of these can be combined with Step Up’s affordable financing and down payment assistance for even greater purchasing power.