This is the go-to program for many first-time home buyers with lower credit scores. The Federal Housing Administration allows down payments as low as 3.5% for those with credit scores of 580 or higher. The FHA will insure loans for borrowers with scores as low as 500 but requires a 10% down payment.
Opportunity DPA. Down payment assistance of up to $10,000 is provided with a 1% interest rate, deferred for 30 years. To qualify, you must be a first-time home buyer or live in certain areas of the state.