If you have clients who are in the military (active, reserve, vet) or work for the DoD or DHS, they might be eligible for up to $5,000 in help with their down payment through a nationwide program called Dream Makers.
To be eligible for a grant, the buyer must A) be military or DHS as mentioned above, B) not have owned a home within the past three years (or lost a home through divorce
or disaster), and C) meet the income requirements — about $55,000 or less per year, or 80% of what a similar family earns in the community.
If a buyer qualifies, Dream Makers will triple whatever down payment the buyer can afford, up to $5,000. (E.g., if a buyer brings $1,000 to the table, Dream Makers will contribute an additional $3,000.)
Buyers must put down a minimum of $500, and the total down payment must equal at least three percent of the price of the home. So for a $200K house, a buyer would only need to bring $1,500 to the table; Dream Makers would kick in $4,500 to make the total down payment of $6,000.
More info is available at PenFedFoundation.org or (703) 838-1335.