African American Home Buying Grants May 2026

The Neighborhood Assistance Corporation of America (NACA) offers a "Best in America" mortgage with no down payment , no closing costs, and no private mortgage insurance (PMI). Major Bank Initiatives

Offers up to $45,000 for down payments and closing costs. A portion (the first $20,000) is entirely forgiven after five years of occupancy, while the rest is fully waived after 30 years. african american home buying grants

Their Community Homeownership Commitment includes grants up to $10,000 for down payments and up to $7,500 in lender credits for closing costs. this fund provides up to $40

Targeted at families in Denver, this fund provides up to $40,000 in DPA. Homeowners repay the amount plus a 5% share of the home's appreciation only when they sell or refinance, keeping the fund sustainable for future buyers. no closing costs