Suffolk HOME Down Payment and Closing Cost Assistance Program
Funding status: Active
How much assistance
Up to $14,500 for down payment and closing costs (Forgivable Loan)
Amortized forgivable loan with 20% forgiven annually over 5 years.
Eligibility
- Income limits: Low to moderate income. Income limits apply.
- First-time buyer required: Yes — Must be a first-time homebuyer.
- Geographic restrictions: Must purchase a home within the City of Suffolk.
- Homebuyer education required: Yes
How to Apply for Suffolk HOME Down Payment and Closing Cost Assistance Program
Step 1: Contact the Suffolk Redevelopment and Housing Authority to apply. Complete homebuyer education.
Notes
Forgivable loan with 20% forgiven each year over 5 years. Funded through HOME Investment Partnerships Program.