Do I have to pay back any portion of the down payment assistance?
  1. A non-repayable grant that provides the instant equity that’s yours to keep and does not need to be repaid, ever. (Available for government-insured mortgages)
  2. A 0% interest, deferred loan that does does not require payment until the borrower pays off the home, sells, or refinances. (Available for conventional mortgages)

Buyers work with their loan officers to determine the structure that best suits their needs.