<prompt> Human: The area where we live offers down payment assistance for households making less than about 125k. The deal is, the program will provide the down payment as a 0 interest, non-amortizing loan and as long as you dont move in the first 5 years, 20 of that loan is forgiven per year. Although the interest rates on the loan are a little higher, there are also big discounts on PMI. It seems like a good option for young professionals that dont have a ton of savings.Given the fact that my boyfriend and I have discussed saving for a house, wedding, grad school, etc and accumulating all that cash seems overwhelming... this seems like an attractive offer. We have minimal debt in the form of school loans, but also limited savings. Each of us individually makes under the 125k cap, but as a household we are over - so we couldnt both be on the mortgage. Even if we could be, Im sure many on this forum would agree that its not the best idea until we officially tie the knot. SO only one of us can apply - how can we fairly decide? We have same or very close credit scores in high 700s, make roughly the same money and I have a little more student debt, but hes considering going back to school sooner. I of course want the equity... but is there a way to keep it fair in terms of our future net worth together? Would there be a way for me to sell him half the house once were married?EDIT: Thanks to all for your constructive commentary! Obviously life is full of surprises and anything can happen so its safer to be patient. I guess whats nagging at me is the opportunity cost associated with waiting years to amass savings in an area where rent tends to be so high. As a side note and personal problem... does anyone else feel like its easier to pay bills than it is to save?  <response>: The deal is, the program will provide the down payment as a 0 interest, non-amortizing loan and as long as you dont move in the first 5 years, 20 of that loan is forgiven per year.So you two had better hope that no life happens to you for the first five years, or be ready financially to repay the remaineder of this loan if something was to come up.Although the interest rates on the loan are a little higher, there are also big discounts on PMI.Define big discount. Youre typically an at risk buyer if you qualify for one of these programs. PMI is an absolute waste of money, likely to the tune of 100-150month that you are throwing away.It seems like a good option for young professionals that dont have a ton of savings.No, it really doesnt. Its getting people into homes who otherwise cant afford them and it exposes these same people to a good number of risks. If you dont have a down payment, do you have any emergency fund? Do you have a repair fund? Are you willing to be underwater on the loan for the first few years due to no down payment? Even if we could be, Im sure many on this forum would agree that its not the best idea until we officially tie the knot.Thats the general consensus yes. If you and your boyfriend make so much money right now, why dont you work to get the rest of your financial house in order before you consider buying a home? You have a wedding, grad school, etc to pay for. SO only one of us can apply - how can we fairly decide?What happens when the lender finds out that you both live there and both of you make over the income limits? Why expose yourself to this?but is there a way to keep it fair in terms of our future net worth together? Not in a purely legal sense, no. The person that owns the home on paper could easily screw the other person over here when it came time to sell assuming a profit was to be made. If you get married later on and he tries to add you to the note, this will notify the lender and likely kick you out of the program, or force you to repay the down payment assistance loan. 