When assessing mortgage readiness, the factors taken into consideration are a client's Debts, Income, Savings and Credit (DISC). Overwhelmingly, the clients that we see lack sufficient savings to put money down on a house. Luckily, many Down Payment Assistance programs are available to first time homebuyers.
Eligibility for these programs is usually based on household income limits, neighborhood where the property is located, client occupation or some combination of these three. So don't feel like you can't qualify for Down Payment Assistance if you are not low income.