How To Get Free Money To Buy A House May 2026

: Major banks offer proprietary grants for closing costs or down payments. For example, Bank of America offers grants up to $10,000 , and Chase provides up to $5,000 in eligible locations. Eligibility and Requirements

: You must live in the house as your main home for a specific number of years to avoid having to pay the money back. Where to Find Programs Near You Down Payment Resource: Down Payment Assistance how to get free money to buy a house

: You will almost always be required to complete a HUD-approved homebuyer education course before receiving funds. : Major banks offer proprietary grants for closing

: Many states offer true grants for first-time buyers that range from a few thousand dollars to 5% of the purchase price . These do not require repayment if you follow the program's residency rules. Where to Find Programs Near You Down Payment

Most assistance programs are managed by state housing finance agencies (HFAs), local governments, or private lenders.

"Free money" for buying a home typically refers to , which comes in the form of grants that never need to be repaid or "silent" second mortgages that are eventually forgiven. Common Ways to Get "Free Money" for a House