State-issued tax credit worth 20–40% of annual mortgage interest — for the life of the loan.
State Housing Finance Agencies issue Mortgage Credit Certificates (MCCs) to eligible first-time buyers, converting 20–40% of annual mortgage interest into a dollar-for-dollar federal tax credit (capped at $2,000/yr in most states, uncapped in some). Unlike the interest deduction, the MCC applies whether you itemize or not, and lasts the entire life of the loan. Also boosts qualifying income for DTI purposes at loan application.
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Eligible veterans buy with $0 down, no PMI, and assumable rates.
0% down in USDA-eligible areas — includes many suburban zip codes.
Neighborhood Assistance Corp of America — below-market rate, zero down.
Fannie / Freddie low-income programs — 3% down + reduced PMI.
1.25–2.25% down for enrolled tribal members — nationwide.
State / county / employer DPA — $5K–$50K forgivable or 0% deferred 2nd.
$100 total down on FHA-repossessed homes for owner-occupants.
3.5% down + rehab budget rolled into one loan — buy distressed properties.