What new mortgage programs are available for buyers in 2025?

In 2025, new mortgage programs are expected to focus on making homeownership more accessible, especially for first-time buyers and those purchasing energy-efficient homes. For example, expanded federal programs, such as FHA loans, may offer lower down payments and relaxed credit score requirements to help a broader range of buyers. Some states may introduce more targeted assistance programs, including down payment grants or mortgage tax credits, for homebuyers in specific regions or for those purchasing homes in designated "Opportunity Zones." Additionally, green mortgage programs designed to finance energy-efficient upgrades or sustainable homes could gain traction, providing favorable terms for buyers who invest in eco-friendly properties. These programs may offer lower interest rates or better loan terms for homes that meet specific environmental standards.