However, the interest rate is not usually meaningful since payment assistance can reduce the interest rate to as low as 1 percent.

We re-engineered the program to focus on details: counseling, real estate education and down payment assistance.

Each program offers competitive interest rates, low down payments, down payment assistance and no prepayment penalties.

The neighborhood alliance sells the houses for about $95,000, often with down payment assistance and reduced mortgage rates.

"Now that we have this down payment assistance, we no longer have to let them slip through our fingers."

First time homebuyer and down payment assistance is allocated through a network of participating lenders.

Most State Finance Housing Agencies offer down payment assistance.

White households estimate their parents provide them with down payment assistance 65% of the time.

There will also be down payment assistance of up to $4,000 for each unit.

The use of Article 100 as the basis for a new instrument on EU balance of payment assistance has been considered by the Commission.