Bond Program For Home Buying May 2026

Because these programs use limited public funds, they have strict criteria.

, for instance, provides up to $10,000 as a 0% interest, deferred loan that isn't paid back until the home is sold or refinanced. bond program for home buying

: Applicants must typically complete a certified education course (usually 6-8 hours) to ensure they understand the responsibilities of homeownership. 4. Examples of State Programs Program Name Key Highlight Florida Housing First Mortgage 30-year fixed-rate loans with DPA options. Step Up Program Up to 4% of sales price (capped at $10k) for DPA. Home Plus Program Because these programs use limited public funds, they

: Funding is often limited by annual "caps" on bond issuance; if the state reaches its limit, the program may close until the next cycle. Home Plus Program : Funding is often limited

: These programs often offer fixed-rate mortgages at below-market interest rates because the underlying bonds are tax-exempt.