On July 30, 2008, President Bush signed the Housing and Economic Recovery Act of 2008 which prohibits seller-funded down payment assistance. Historical program information is only provided for reference on this website.

FHA.com: Home Purchase and Refinance Loans

FHA Loan Programs for 2024

The most recognized 3.5% down payment mortgage in the country. Affordable payments w/good credit.

Are You Watching Your Credit Score?




- Improving Your Credit Score Has Never Been More Important -

FHA.com is a privately owned website, is not a government agency, and does not make loans.
FHA Home Loans

Choose a Loan Type

FHA.com is a privately owned website, is not a government agency, and does not make loans.

AmeriDream Program

Loan Assistance Program Canceled in 2008

Elimination of Nonprofit Down Payment Assistance: On July 30, 2008, President Bush signed the Housing and Economic Recovery Act of 2008 which prohibits seller-funded DPA (Down Payment Assistance) for loans backed by the Federal Housing Administration. Prior to this bill, the seller could contribute up to 6% to the buyer to cover either a down payment or closing costs on an FHA loan. The changes took effect on Oct. 1, 2008. We provide this information for reference only. These grants are no longer available.

NEW: Down Payment Assistance Programs for 2024

AmeriDream is a non-profit organization dedicated to helping people find affordable housing. Part of the AmeriDream mission is to help low and moderate income families buy homes by offering down payment assistance. Buyers who are qualified for an FHA loan but don't have the money for down payment and/or closing costs are eligible to apply for AmeriDream down payment assistance:

  • A down payment gift of up to 10% (typically 3%-6%) of the purchase price.
  • A true gift-the down payment assistance is not repaid by the homebuyer
  • Homebuyer must have an approved FHA home loan or pre-approved FHA loan.

To participate in the AmeriDream down payment assistance program, buyers should;

  • Get pre-approved for an FHA mortgage and start looking for a home.
  • Make an offer on the home you want to buy and get a ratified contract.
  • Your loan officer applies for the AmeriDream down payment assistance program on your behalf.
  • You will receive a "Notice of Gift Approval" from AmeriDream.
  • Close the deal on your new home.

The seller must participate in the AmeriDream program, but your loan officer can assist a seller in signing up for the program by showing where and how to apply. For your home buying needs, the loan officer will handle your application for AmeriDream down payment assistance, but may require additional information from you to help fill out the form.

AmeriDream is just one of many organizations offering down payment assistance to those with FHA approved home loans. If you have been pre-approved for an FHA mortgage loan but don't meet the income requirements for the AmeriDream program, keep looking. There are several down payment assistance programs with no income requirements or restrictions.

Since this program is no longer available, we recommend that you get pre-approved for a low down payment FHA home loan.

SEE YOUR CREDIT SCORES   From All 3 Bureaus  

Do you know what's on your credit report?

Learn what your score means.


FHA Loan Articles and Mortgage News

FHA Loan Requirements Can Be Confusing

February 28, 2024 - If you are new to FHA loans, their requirements can be confusing at first, at least until you are more familiar with the loan program and its rules. A glance at the FHA loan approval basics typically needs a bit of explanation, as we’ll discover in this article.

Construction Loan or Rehab Loan?

February 27, 2024 - If you have never bought or built a home, your options may initially seem confusing. The more you learn about different loan types and the application of those home loans, the more you realize you have a wealth of options depending on your goals and needs for the home.

Home Insurance Coverage for the House You Buy

February 26, 2024 - FHA loans and other government-backed mortgages do not (on paper) require you to carry specific types of homeowner’s insurance, but you’ll want coverage just the same to protect your investment. Mortgage insurance protects the lender in case you default on the loan.

Home Loan Scam Tactics You Should Know About

February 25, 2024 - Major lenders are warning home loan applicants about scams. These warnings are issued frequently. What makes the current round of warnings different and more urgent is the level of sophistication these swindles have reached recently.

Don't Do These Things Before Closing Day

February 24, 2024 - Some people wrongly assume that they’re safe once approved for an FHA home loan and start the process toward closing day. They feel that once the loan has been approved, the transaction is bulletproof until closing day. But that’s not true.