First-Time Homebuyer Program Ends—But You Still Have Options

by Jose Mejia

If you're a first-time homebuyer, you may have heard the news: a major federal program meant to help new buyers just got shut down. But don’t panic—there are still down payment assistance programs that can help you afford your dream home.

What Happened?

On March 25, 2025, the Federal Housing Finance Agency (FHFA) officially ended a pilot program that aimed to make homeownership more accessible to first-time buyers. The plan, run by Fannie Mae and Freddie Mac, was designed to offer support like lower interest rates or reduced fees. You can read the full article here on Bloomberg.

While this change has disappointed many, especially those hoping for more help in today’s competitive market, it’s important to know that you still have other options.

Down Payment Assistance Programs Are Still Available

Even though the FHFA program is gone, there are still local and state programs that offer help with your down payment and closing costs. These programs are made just for first-time buyers and can save you thousands of dollars.

Here’s how they usually work:

You may get a grant or forgivable loan to cover part (or all) of your down payment.
Some programs also help with closing costs or offer discounted interest rates.
Many are available even if you don’t have perfect credit.

Who Qualifies for Down Payment Assistance?

To qualify, most programs require that you:

Are a first-time homebuyer (or haven’t owned a home in the last 3 years)
Meet income limits (these vary by location)
Use the home as your primary residence
Complete a short homebuyer education course

Why It Matters Right Now

With interest rates and home prices rising, getting help with your down payment can make a huge difference. Many buyers don’t realize how much assistance is out there—or that they even qualify!

If you’re thinking about buying your first home this year, now is the time to explore your options before more programs change or go away.

Let’s Talk About Your Options

As a licensed mortgage professional and real estate expert in Tampa Bay, I help first-time buyers like you find the right programs and financing every day. I’ll walk you through everything and answer your questions in plain English.

👉 Ready to get started? for a free consultation, and let’s make homeownership happen for you.