Low-income families in the South have access to multiple loan programs designed to make homeownership more attainable. Southern Home Ownership Programs include USDA loans, which require no down payment, and FHA loans with low credit score requirements. Many states offer financial assistance for closing costs and interest rate reductions. Nonprofit organizations and local government agencies also provide grants for first-time buyers. To improve your chances of qualifying, work on your credit score, reduce existing debt, and explore programs suited to your financial situation.