OfferBackedBuyer Tools

Down payment assistance myths

Eight common beliefs about down payment assistance. Which are true? Many buyers miss out because of these myths.

8 questions · about 2 minutes · no signup needed

Question 1 of 8Down payment assistance is only for people who have never owned a home.
Question 2 of 8Some assistance never has to be repaid.
Question 3 of 8You need perfect credit to qualify.
Question 4 of 8Assistance can be combined with an FHA loan.
Question 5 of 8Programs exist only in big cities.
Question 6 of 8Many programs require a homebuyer education course.
Question 7 of 8Some assistance must be repaid if you sell or refinance within a few years.
Question 8 of 8Income limits never apply.

Your answers aren’t saved or sent anywhere except to calculate your score. For education only; it isn’t a credit check or a loan approval.

How it works

Pick an answer and you’ll see right away whether you got it, with a short explanation and a link to learn more. At the end you’ll get your score and can share it.