: The Federal Housing Administration (FHA) , part of HUD, provides mortgage insurance on loans made by FHA-approved lenders. These loans typically feature lower down payments (as low as 3.5%) and more flexible credit requirements than conventional loans.

: This program allows eligible families already receiving Section 8 rental assistance to use their vouchers toward a mortgage and other monthly homeownership expenses instead of rent.

: Limited to first-time homeowners who meet specific income and employment requirements and complete a HUD-approved counseling program.

: Participation is optional for local Public Housing Agencies (PHAs); you must check with your local PHA to see if they offer it.