Puerto Rico/U.S. Virgin Islands Down Payment and Homeownership Assistance


Every state has down payment or homeownership assistance programs; some states have both. The programs are designed to provide affordable housing opportunities to homebuyers who might not ordinarily be able to afford a house.

Each program can have their own income and eligibility requirements but primarily the programs are available for first-time homebuyers or low-income families.

Keep in mind if you had no ownership in a principal residence in the previous 3 years, you are also considered a first-time homebuyer even if you owned a home prior to that 3-year period.

The programs are not usually administered directly through the State. Instead, they are nonprofit based and handled through a third party agency. The list below will start you on your search but be sure to confirm the program is currently available.

(Source: HUD.gov)

Statewide Programs

Puerto Rico Department of Housing offers various programs directed to very low-income, low-income and moderate-income families or individuals.

Virgin Islands Housing Authority offers various programs directed to very low-income, low-income and moderate-income families or individuals.

Housing Finance Authority – low interest loans and down-payment assistance to low and moderate-income homebuyers.

Habitat for Humanity – Habitat affiliates bring homeownership to very low income families.