Bond Program For Home Buying May 2026

: Funding is often limited by annual "caps" on bond issuance; if the state reaches its limit, the program may close until the next cycle.

The primary goal of a bond program is to lower the barrier to entry for first-time buyers. bond program for home buying

: These programs often offer fixed-rate mortgages at below-market interest rates because the underlying bonds are tax-exempt. : Funding is often limited by annual "caps"

: Most bond programs include a "second mortgage" or grant to cover down payments and closing costs. : Most bond programs include a "second mortgage"

, for instance, provides up to $10,000 as a 0% interest, deferred loan that isn't paid back until the home is sold or refinanced.

: Military veterans are often exempt from this requirement.

: Generally defined as someone who has not owned a primary residence in the last three years.