{"id":17960,"date":"2026-04-16T17:36:16","date_gmt":"2026-04-16T17:36:16","guid":{"rendered":"https:\/\/chenoafund.org\/?p=17960"},"modified":"2026-04-16T17:36:16","modified_gmt":"2026-04-16T17:36:16","slug":"do-you-make-too-much-for-down-payment-assistance","status":"publish","type":"post","link":"https:\/\/chenoafund.org\/do-you-make-too-much-for-down-payment-assistance\/","title":{"rendered":"Do You Make Too Much for Down Payment Assistance?"},"content":{"rendered":"[vc_row type=&#8221;in_container&#8221; full_screen_row_position=&#8221;middle&#8221; column_margin=&#8221;default&#8221; column_direction=&#8221;default&#8221; column_direction_tablet=&#8221;default&#8221; column_direction_phone=&#8221;default&#8221; scene_position=&#8221;center&#8221; text_color=&#8221;dark&#8221; text_align=&#8221;left&#8221; row_border_radius=&#8221;none&#8221; row_border_radius_applies=&#8221;bg&#8221; row_position_desktop=&#8221;default&#8221; row_position_tablet=&#8221;inherit&#8221; row_position_phone=&#8221;inherit&#8221; overflow=&#8221;visible&#8221; overlay_strength=&#8221;0.3&#8243; gradient_direction=&#8221;left_to_right&#8221; shape_divider_position=&#8221;bottom&#8221; bg_image_animation=&#8221;none&#8221;][vc_column column_padding=&#8221;no-extra-padding&#8221; column_padding_tablet=&#8221;inherit&#8221; column_padding_phone=&#8221;inherit&#8221; column_padding_position=&#8221;all&#8221; flex_gap_desktop=&#8221;10px&#8221; column_element_direction_desktop=&#8221;default&#8221; column_element_spacing=&#8221;default&#8221; desktop_text_alignment=&#8221;default&#8221; tablet_text_alignment=&#8221;default&#8221; phone_text_alignment=&#8221;default&#8221; background_color_opacity=&#8221;1&#8243; background_hover_color_opacity=&#8221;1&#8243; column_backdrop_filter=&#8221;none&#8221; column_shadow=&#8221;none&#8221; column_border_radius=&#8221;none&#8221; column_link_target=&#8221;_self&#8221; column_position=&#8221;default&#8221; gradient_direction=&#8221;left_to_right&#8221; overlay_strength=&#8221;0.3&#8243; width=&#8221;1\/1&#8243; tablet_width_inherit=&#8221;default&#8221; animation_type=&#8221;default&#8221; bg_image_animation=&#8221;none&#8221; border_type=&#8221;simple&#8221; column_border_width=&#8221;none&#8221; column_border_style=&#8221;solid&#8221;][vc_column_text css=&#8221;&#8221; text_direction=&#8221;default&#8221;]<span data-contrast=\"auto\">Many buyers assume they make too much to qualify for <a href=\"https:\/\/chenoafund.org\/\">down payment\u00a0assistance<\/a>. The truth is that income limits for down payment\u00a0assistance\u00a0vary by location and program, and\u00a0there are many down payment\u00a0assistance\u00a0programs for middle-income borrowers.\u00a0<\/span><span data-ccp-props=\"{&quot;335559739&quot;:0}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">Even people with\u00a0higher\u00a0incomes\u00a0find it hard to\u00a0save\u00a0for\u00a0a\u00a0down payment and closing costs.\u00a0That is why more buyers are taking a closer look at down payment\u00a0assistance.<\/span><span data-ccp-props=\"{&quot;335559739&quot;:0}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">Many\u00a0borrowers\u00a0assume these programs are only for first-time buyers or lower-income households, but that\u00a0is not the case.<\/span><b><span data-contrast=\"auto\">\u00a0\u00a0<\/span><\/b><span data-contrast=\"auto\">If you are asking, \u201cdo I qualify for down payment assistance,\u201d the answer depends on\u00a0the\u00a0program.<\/span><b><span data-contrast=\"auto\">\u00a0<\/span><\/b><span data-ccp-props=\"{&quot;335559739&quot;:0}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">At CBC Mortgage Agency, we understand that one of the biggest barriers to homeownership is not readiness, but\u00a0cash to close. Many buyers\u00a0are able to\u00a0afford\u00a0a monthly mortgage payment, but\u00a0saving for\u00a0a down payment while managing rent, childcare, student loans, and everyday expenses can be a real hurdle.<\/span><span data-ccp-props=\"{&quot;335559739&quot;:0}\">\u00a0<\/span><\/p>\n<p><b><span data-contrast=\"auto\">How many\u00a0down payment\u00a0assistance\u00a0programs are\u00a0there?<\/span><\/b><span data-ccp-props=\"{&quot;335559739&quot;:0}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">Down payment\u00a0assistance\u00a0is more common than\u00a0you may\u00a0realize.\u00a0There are\u00a0over 2,000\u00a0federal, state, and local\u00a0programs\u00a0that provide financial help\u00a0to\u00a0both first-time and repeat buyers.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:0,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">Affordability challenges are not limited to one type of borrower. Middle-income households can also find themselves financially ready to buy, but short on the savings needed to make homeownership possible.<\/span><span data-ccp-props=\"{&quot;335559739&quot;:0}\">\u00a0<\/span><\/p>\n<p><b><span data-contrast=\"auto\">What types of down payment\u00a0assistance\u00a0are available?<\/span><\/b><span data-ccp-props=\"{&quot;335559739&quot;:0}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">Down payment\u00a0assistance\u00a0typically\u00a0comes\u00a0in\u00a0three\u00a0forms: grants, deferred loans, and forgivable loans.\u00a0<\/span><span data-ccp-props=\"{&quot;335559739&quot;:0}\">\u00a0<\/span><span data-ccp-props=\"{&quot;335559739&quot;:0}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">Program details vary, and eligibility can depend on factors\u00a0such as income, location, property type, and loan structure.\u00a0If there are income requirements, they\u00a0are\u00a0often based on local median income.\u00a0But\u00a0middle-income buyers should not count themselves out.<\/span><span data-ccp-props=\"{&quot;335559739&quot;:0}\">\u00a0<\/span><\/p>\n<p><b><span data-contrast=\"auto\">Do I make too much for down payment\u00a0assistance?<\/span><\/b><span data-ccp-props=\"{&quot;335559739&quot;:0}\">\u00a0<\/span><span data-ccp-props=\"{&quot;335559739&quot;:0}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">You may still qualify.\u00a0Not every program is designed the same way.\u00a0Many\u00a0programs have broad income limits, and others have no income caps at all.\u00a0The only way to know is to review the programs available in your area.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:0,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<p><b><span data-contrast=\"auto\">Is down payment\u00a0assistance\u00a0only for first-time buyers?\u00a0<\/span><\/b><span data-ccp-props=\"{&quot;335559739&quot;:0}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">No.\u00a0Many\u00a0programs\u00a0are\u00a0available to repeat buyers, depending on the guidelines.<\/span><span data-ccp-props=\"{&quot;335559739&quot;:0}\">\u00a0<\/span><\/p>\n<p><b><span data-contrast=\"auto\">Is\u00a0down payment\u00a0assistance\u00a0only for\u00a0low-income households?\u00a0<\/span><\/b><span data-ccp-props=\"{&quot;335559739&quot;:0}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">No. Depending on the program\u00a0and location, middle-income buyers\u00a0often meet down payment\u00a0assistance\u00a0income requirements. Some programs have\u00a0no\u00a0income limits.<\/span><span data-ccp-props=\"{&quot;335559739&quot;:0}\">\u00a0<\/span><\/p>\n<p><b><span data-contrast=\"auto\">Is down payment\u00a0assistance\u00a0legitimate?<\/span><\/b><span data-ccp-props=\"{&quot;335559739&quot;:0}\">\u00a0<\/span><span data-ccp-props=\"{&quot;335559739&quot;:0}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">Yes. These\u00a0programs are real tools designed to help eligible buyers overcome upfront costs\u00a0and move\u00a0into homeownership.\u00a0They have been used for decades by millions of homebuyers across the country.<\/span><span data-ccp-props=\"{&quot;335559739&quot;:0}\">\u00a0<\/span><span data-ccp-props=\"{&quot;335559739&quot;:0}\">\u00a0<\/span><\/p>\n<p><b><span data-contrast=\"auto\">How do I get down payment\u00a0assistance?<\/span><\/b><span data-ccp-props=\"{&quot;335559739&quot;:0}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">Don\u2019t\u00a0assume\u00a0you\u00a0do or do not\u00a0qualify.\u00a0Start by\u00a0asking\u00a0a lender\u00a0familiar\u00a0with down payment\u00a0assistance\u00a0programs to review your\u00a0situation and\u00a0identify\u00a0any\u00a0programs\u00a0available to you.<\/span><span data-ccp-props=\"{&quot;335559739&quot;:0}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">At CBC Mortgage Agency, we believe buyers deserve clear information and a better understanding of\u00a0how to make homeownership\u00a0possible. Down payment\u00a0assistance\u00a0is not the right fit for everyone, but for some buyers, it can help bridge the gap between planning to buy and\u00a0actually moving\u00a0forward.<\/span><span data-ccp-props=\"{&quot;335559739&quot;:0}\">\u00a0<\/span><\/p>\n<p><b><span data-contrast=\"auto\">Ready to explore your options?<\/span><\/b><span data-ccp-props=\"{&quot;335559739&quot;:0}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">Connect with a participating lender to\u00a0find out if you qualify for\u00a0down payment\u00a0assistance\u00a0based on your\u00a0situation\u00a0and your\u00a0goals.\u00a0For more information about the <a href=\"https:\/\/chenoafund.org\/\">Chenoa Fund Down Payment Assistance Program<\/a>, email\u00a0<\/span><a href=\"mailto:info@chenoafund.org\"><span data-contrast=\"none\">info@chenoafund.org<\/span><\/a><span data-contrast=\"auto\">\u00a0to learn more.\u00a0<\/span><span data-ccp-props=\"{&quot;335559739&quot;:0}\">\u00a0<\/span><span data-ccp-props=\"{&quot;335559739&quot;:0}\">\u00a0<\/span>[\/vc_column_text][\/vc_column][\/vc_row]\n","protected":false},"excerpt":{"rendered":"<p>[vc_row type=&#8221;in_container&#8221; full_screen_row_position=&#8221;middle&#8221; column_margin=&#8221;default&#8221; column_direction=&#8221;default&#8221; column_direction_tablet=&#8221;default&#8221; column_direction_phone=&#8221;default&#8221; scene_position=&#8221;center&#8221; text_color=&#8221;dark&#8221; text_align=&#8221;left&#8221; row_border_radius=&#8221;none&#8221; row_border_radius_applies=&#8221;bg&#8221; row_position_desktop=&#8221;default&#8221; row_position_tablet=&#8221;inherit&#8221; row_position_phone=&#8221;inherit&#8221; overflow=&#8221;visible&#8221; overlay_strength=&#8221;0.3&#8243; gradient_direction=&#8221;left_to_right&#8221; shape_divider_position=&#8221;bottom&#8221; bg_image_animation=&#8221;none&#8221;][vc_column column_padding=&#8221;no-extra-padding&#8221; column_padding_tablet=&#8221;inherit&#8221; column_padding_phone=&#8221;inherit&#8221; column_padding_position=&#8221;all&#8221; flex_gap_desktop=&#8221;10px&#8221;&#8230;<\/p>\n","protected":false},"author":4,"featured_media":17963,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"content-type":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[36],"tags":[41,42,197,72,768,148,54,91,719,767,766,763,764,113,765],"class_list":{"0":"post-17960","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-chenoa-talk-homebuyer","8":"tag-cbc-mortgage-agency","9":"tag-chenoa-fund","10":"tag-chenoa-fund-down-payment-assistance-program","11":"tag-closing-costs","12":"tag-deferred-loans","13":"tag-down-payment","14":"tag-down-payment-assistance","15":"tag-down-payment-assistance-programs","16":"tag-first-time-buyers","17":"tag-forgivable-loans","18":"tag-grants","19":"tag-income-limits","20":"tag-income-limits-for-down-payment-assistance","21":"tag-lender","22":"tag-middle-income-households"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Do You Make Too Much for Down Payment Assistance? - CBC Mortgage Agency<\/title>\n<meta name=\"description\" content=\"Do you make too much for down payment assistance? 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