Low Down Payments and Mortgage Insurance Mortgage insurance protects the mortgage company against financial loss if a homeowner stops making mortgage payments. Down Payment Loans and Gifts Loans and gifts can help with your down payment but you can not use this strategy for all loan programs. The most popular program for this tactic is the Federal Housing Administration or FHA. Down Payment Grants That Are Never Repaid By the Homebuyer There are national non-profit organizations dedicated to assisting homebuyers with their down payment and closing costs. Qualifying for a Low Down Payment Loan Learn about what you need to be considered for a low down payment loan. Down Payment Assistance Many local and state agencies run bond programs to generate funds to help individuals and families with a down payment. State Housing and Finance Authorities View a list of all state housing and finance authorities