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Find Your Down Payment

Are you a first-time homebuyer?

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Up to $25,000 Assistance

Up to 5%

With down payment assistance, we help cover both the down payment and closing costs, offering up to 5% of the purchase price based on FHA county loan limits.

First-time Buyers & More

Homebuyers do not have to be a first-time home buyer to qualify. $25,000 Down Payment Assistance is available to all homebuyers.

Loan Limits

Loan amounts up to $524,225, FHA loan limits and down payment assistance depend on the FHA county limits. Assistance subject to 5% of purchase price.

Less Than Perfect Credit

As low as a 640 credit score is required for down payment assistance. No Income Limits.

How it works

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first Hi, I’m Chad, your How can I help?
first Share a few details
first No Down
first Hi, I’m Chad, How can I help?
1

Choose your best option

It all starts here by choosing the best down payment assistance option that fits your home purchase plan.

2

Compare down payment options

We will provide you an easy to follow estimate with loan program, down payment assistance, interest rate, monthly payment and cash to close.

3

Painless pre-approval*

Once you know your options you will be invited to submit an application to start the pre-approval* process.

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*Pre-approval is not a commitment to lend.

Frequently asked questions

Q: How does a home buyer qualify for Down Payment Assistance?
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Buyers must have qualifying income, meet at least 640 credit score and occupy as primary residence. Ask your loan officer for additional qualifications.

Q: What does 5% assistance mean?
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We can provide you with up to 5% assistance to pay for down payment and closing costs. For example, 5% of a $500,000 purchase price would give you $25,000 assistance for down payment and closing costs. Additionally, the seller can contribute up to 6% towards closing costs as well.

Q: Does Down Payment Assistance Programs have income limits?
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No there are no income limits, even if you have additional income, such as a second job or spousal income.

Q: What kind of loan program is used with the Down Payment Assistance Program?
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We currently offer a FHA loan as part of our Down Payment Assistance Program. FHA loan limits apply by county.

Q: How can I get a lower rate?
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Depending on your scenario, the best rate is typically determined by a higher credit score and a larger down payment. We can provide you with options and let you determine which is best for you.

Q: What is the first step to take advantage of up to $25,000 down payment assistance?
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Start with “START HERE” answer the questions, connect with our first-time homebuyer specialist and have your options emailed to you.

Get started in minutes

Speed matters. Which is why you can get information today. Without affecting your credit score.

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Won’t affect your credit score.

Luminate Bank | FDIC Member | NMLS 1281698 | Mortgage Banking Products are not FDIC Insured | http://www.nmlsconsumeraccess.org | Corporate Headquarters 2523 S. Wayzata Blvd., Ste 100, , Minneapolis, MN 55405 | © 2026 | Not affiliated with any government agency. All Loans are subject to underwriting approval. Terms and Conditions apply. Some loan products may not be available in all states. Subject to change without notice. * By entering your information and clicking “Submit”, "Let's Get Started", or "Apply Now" you are authorizing Luminate Bank to contact you, using the information you provided above. We may call, email or text you and Message and Data Rates may apply. You can STOP messaging by sending STOP and get more help by sending HELP. We may use automated dialing systems and prerecorded voice messaging in connection with calls or texts. This permission applies even if you are on a company, state or national Do Not Call Registry. You may opt-out of receiving these communications at any time. This consent is not requirement to obtain a loan. You may choose not to submit and contact us directly by our phone number listed. Our commitment to privacy can be found in our Privacy Policy.