Which of the following options can help homebuyers with their down payment?

Down payment assistance programs are specifically designed to help homebuyers manage the financial barrier of a down payment when purchasing a home. These programs can provide funds in the form of grants, match savings, or low-interest loans, aiding individuals and families who may struggle to save enough for a down payment on their own. By receiving this assistance, homebuyers can increase their chances of securing a mortgage and ultimately achieving homeownership.

In contrast, a fixed-rate mortgage primarily deals with the terms of the loan itself, such as interest rates and repayment timelines, but does not directly address the initial down payment requirement. Insurance bundling, while it may help save money on homeowners insurance, does not provide direct financial support for down payments. A home equity loan allows homeowners to borrow against the equity in their property, which is not applicable to those who have not yet purchased a home.