One-fifth of aspiring homeowners doubt saving for down payment

Many aspiring homeowners struggle to save for down payments, with one-fifth believing they will never manage it. Down payment assistance programs offer loans and grants to help cover these costs, available at local, state, and federal levels. Eligibility for these programs often targets first-time homebuyers, requiring them to meet income limits and purchase primary residences. Assistance can come in various forms, including grants, forgivable loans, and low-interest loans. Homebuyers can find assistance through state housing finance agencies, local government websites, and lenders. Programs vary widely, so it's important to check specific requirements and options available in each area.