Are you a first-time homebuyer in the U.S. territories? This comprehensive guide is your essential resource, offering specialized assistance programs and valuable information tailored for home buyers in Guam, Puerto Rico, and the U.S. Virgin Islands. Explore a variety of programs, including down payment assistance and favorable mortgage options, designed to make homeownership more attainable in these unique territories. Navigate the diverse real estate markets with confidence and uncover the unique opportunities that await you.
First Time Homebuyer Programs in Puerto Rico
Program | Assistance Offered | Who Should Apply | Assistance Type |
---|---|---|---|
Homebuyer Dream Program (HDP) | Up to $14,500 in down payment and closing cost assistance | First-time homebuyers purchasing homes in New York, New Jersey, Puerto Rico or the U.S. Virgin Islands and that can meet income requirements | Grant |
Puerto Rico Housing Finance Authority: Homebuyer Assistance Program | Up to $30,000 in down payment assistance | First time homebuyers that can meet income requirements | Forgivable, deferred loan with a 0% interest rate |
Puerto Rico Housing Finance Authority: Homebuyer Assistance Program | Up to $40,000 in down payment assistance | First time homebuyers that can meet income requirements and are currently employed as teachers, law enforcement, firefighters, EMTs or medical personnal | Forgivable, deferred loan with a 0% interest rate |
First Time Homebuyer Programs in U.S Virgin Islands
Program | Assistance Offered | Who Should Apply | Assistance Type |
---|---|---|---|
HOME Program | Down payment and closing cost assistance - amount not specified | First time homebuyer who meets income requirements | Not specified |
Homebuyer Dream Program (HDP) | Up to $14,500 in down payment and closing cost assistance | First-time homebuyers purchasing homes in New York, New Jersey, Puerto Rico or the U.S. Virgin Islands and that can meet income requirements | Grant |
Homestead Loan Program | Up to $220,000 in mortgage assistance | First time homebuyers who have been living in the Virgin Islands for at least 3 years | First or second mortgage |
First Time Homebuyer Programs in Guam
Program | Assistance Offered | Who Should Apply | Assistance Type |
---|---|---|---|
Community Affordable Housing Action Trust (CAHAT) | Up to $40,00 in down payment assistance | First time homebuyers who are a resident of Guam for at least 5 years | Second mortgage |
First Time Homeowners Assistance Program | Not specified | First time homebuyers who are a US Citizen or permanent resident alien | Not specified |
Habitat for Humanity Homeownership Program | No interest mortgage program. Down payment is paid through sweat equity | Homebuyers that can meet income requirements | No interest loan |
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