Down payment assistance refers to financial support provided to homebuyers to help cover the initial payment required when purchasing a home. This assistance can come in various forms, such as grants, loans, or forgivable loans, and is often aimed at first-time buyers or those with low to moderate incomes. Many government programs and non-profit organizations offer down payment assistance to make homeownership more accessible. These programs typically have specific eligibility criteria, including income limits and home price caps, to ensure that the support reaches those who need it most.