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Though the majority of down payment assistance programs and grants are made available to  first time home buyers,  there are programs that are open to eligible repeat buyers.  It is also important to remember that a buyer who does not currently own a home but who has previously bought 3 or more years ago is considered a first time home buyer and could apply for first time home buyer grant programs.   





Examples of programs open to repeat buyers:

  • FHA Plus (the 100% or more) financing loan is usually reserved for qualified 1st time buyers but if the property lies in a federally targeted area, the 1st time home buyer requirement is waived!
  • Home Buyers in certain professions have programs open to them that do not have the 1st time home buyer requirement. For example, Veterans and our Community Partners (teachers, first responders, and medical workers) have subsidy programs from $7,500.00-$15,000.00  which can be used to help eligible buyers as long as funds are available. 
  • FNMA HFA preferred is an affordable loan product open to 1st time buyers and repeat buyers alike.  The loan is 97% financing (requires 3% down) and has reduced MI (mortgage insurance) which may be cancelled once there is 22% equity in the home.  


Ready to Learn More?


Repeat Home Buyers

Ready to Find Out if You Qualify?

Free down payment & closing costs assistance is sometimes the difference between owning a home or renting. 

These grants can help!

For immediate assistance, please feel free to call me at 757-235-0274

- Liz Schuyler

    RE/MAX Allegiance &

    Home Buyer  Grant Expert

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