Term Housing Down Payment Loans/Grants
Code BH-3500.3500
Definition Programs that provide cash grants or loans for people who want to purchase or build a home and need all or a portion of the amount that is required to make a down payment on the home or property. Included are conventional loans, deferred loans (in which payments are deferred until the home is sold) and forgivable loans (in which all or a part of the loan is forgiven if the borrower resides in the home for a specified period of time).
Created 8/16/95
Changed 8/1/16
Use References Closing Costs Assistance
Closing Costs Loans/Grants
Down Payment Assistance
Downpayment Assistance
Housing Downpayment Assistance
Housing Down Payment Grants
Housing Downpayment Grants
Housing Down Payment Loans
Housing Downpayment Loans
See Also References Home Purchase/Mortgage Refinance Loans (BH-3500.3400)
External Classification Terms Housing (CAN HO-300)
Housing (USA HO-300)
Housing Expense Assistance (NPC L06.03)
Housing Expense Reduction Support (NTE L82)
Voluntary Financial Assistance (UW
Related Concepts Financial Services/Benefits
Facet Service
Bibliographic References

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