Down-payment assistance programs are designed to assist borrowers who might otherwise be shut out of the homebuying market, but if you're thinking of buying a home, don't let the fear of a big down-payment hold you back.  These programs are intended to help borrowers bridge the gap between their savings and the amount required for down-payment.  This can be in the form of a grant or a low or no interest loan.

There can be strict requirements, such as a certain income in a given area, limited liquid assets available to you, and a credit score of at least 640, but for those who qualify, this assistance can be just what is needed to help them achieve the dream of homeownership.