Did You Know?

Down payment assistance programs have expanded and today are offered by state, city, and municipal governments throughout the country.

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Housing Action Resource Trust

Since President Bush signed the Housing and Economic Recovery Act of 2008 on July 30, 2008, many federally established down payment assistance programs have been cancelled. The Act prohibits seller-funded Down Payment Assistance for loans backed by the Federal Housing Administration. The details of this program are presented for reference only.

About the Program

The Housing Action Resource Trust (HART) program was a non-profit housing organization offering down payment assistance for home buyers qualified for FHA "first mortgage" loans. If you had pre-approval for an FHA loan or an existing FHA loan you qualified for HART. This program required good credit and a solid employment history. If you had both, but lacked the money for a down payment and/or closing costs, HART was an option for. The process went like this:

  • Buyers made an offer on a home from a participating seller.
  • They then contacted a loan officer to inform them they wished to buy the home using the Housing Action Resource Trust program.
  • The loan officer applied to HART on their behalf.
  • The loan officer would then let them know when funds were scheduled to be transferred in the buyer's name for the down payment and/or closing costs.

Most down payment assistance programs, including HART, required the seller to participate and pay a fee. If ther seller had not signed up but wanted to participate, buyers were asked to contact their loan officer or realtor to explain how the seller could register with the House Action Resource Trust.


Down payment assistance and first-time homebuyer programs have expanded and are offered today by state, city, and municipal governments throughout the country. A curated list of down payment assistance programs is available courtesy of FHA.com.

Ask your loan officer for recommendations on down payment assistance programs, or how to make an offer contingent on the use these program.


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FHA Loan Articles

How Much Do I Need to Put Down on a House

A down payment is an upfront installment or part of a larger amount paid on a purchase. The remainder is paid off in separate installments, usually with interest, as part of a loan. The down payment represents your initial ownership stake in the home you continue to make payments on.

First-Time Homebuyers and the FHA Loan Requirements

For many first-time home buyers, the FHA loan is a popular option. With its lenient credit and income requirements, it appeals to young borrowers who don’t have an extensive credit history, or enough money saved up for a down payment.

Things to Know About Making an FHA Loan Down Payment

Many first-time homebuyers need some help understanding and navigating the ins and outs of the mortgage process, and down payments are an essential part of that. A down payment is an upfront installment made on a large purchase while the remainder is paid off with a loan.

Benefits of an FHA Loan

Making the decision to buy a house is a big one, followed by the choice of which house to buy. The next biggest decision you make is going to be the type of home loan you need to go through with the purchase. One option for financing your home is an FHA loan.

Tips for Buying Your First Home

Most first-time homebuyers decide on purchasing a home at least a year in advance, sometimes even a couple of years ahead of time. The earlier you make a decision to buy a home, the more time you have to save up for your down payment.

Getting Approved for an FHA Loan

While an FHA home loan is a good option for first-time homebuyers who don’t have enough money saved for a large down payment, it’s important to understand the ins and outs of the FHA guidelines, and what it takes to get approved as a borrower. 


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