American Family Funds runs a non-profit charity called The Dove Foundation. This charity offers down payment and/or closing cost assistance to home buyers with FHA home loans and to those pre-approved for FHA loans.
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American Family Funds

FHA Downpayment Grants for Homebuyers

American Family Funds runs a non-profit charity called The Dove Foundation. This charity offers down payment and/or closing cost assistance to home buyers with FHA home loans and to those pre-approved for FHA loans. The program features:

  • A simple application. (Your loan officer will complete the paperwork).
  • No income requirements or credit investigation.
  • Unlimited down payment assistance and/or closing costs.
  • Down payment money made available at the time of settlement.
  • Amounts range between 3% and 6% of the contract price of a house. Depending on your need or other factors your specific terms may vary.

Ask your loan officer for details on American Family Funds, down payment assistance programs, or how to make an offer contingent on the use of the AFF program. The seller must participate in the program and like most down payment assistance plans, the seller must pay a small fee. No fees are required of the buyer.

Additional Information:


Elimination of Non-profit Down Payment Assistance
On July 30, 2008, President Bush signed H.R. 3221 - Housing and Economic Recovery Act of 2008. Section 2113 of the bill prohibits seller-funded DPA (Down Payment Assistance) for loans backed by the Federal Housing Administration. Prior to this bill, the seller could contribute up to 6% to the buyer to cover either a down payment or closing costs on an FHA loan. The changes became effective October 1, 2008.
Since this program is no longer available, we recommend that you get pre-approved for a low down payment FHA home loan.

FHA LOAN QUESTION # 16   [ -more FHA questions- ]

Q: What is the FHA loan limit?

A: FHA loan limits vary throughout the country. FHA Maximum Loan Amounts are set by HUD for every county in the United States. Maximum loan amounts vary from one county to another. Because these maximums are linked to the conforming loan limit and average area home prices, FHA loan limits are periodically subject to change.



First time home buyers purchasing a home with an FHA loan or going through a HUD-approved charitable agency can use their 2009 First Time Homebuyer's Tax Credit to make their downpayment.
Down payment assistance programs allowed the seller and charitable organizations to contribute towards the closing costs and down payment of FHA loans.


FHALoan is a private corporation, is not a government agency, and does not make loans.