Your First Home Starts Here
Down Payment Assistance (DPA) programs provide grants or second loans to help cover upfront costs for qualified homebuyers. These funds can significantly reduce the barrier to entry for first-time or low-to-moderate-income buyers.
Highlights
Available for Conventional, FHA, VA and USDA
550-600 Min Credit Score
Income Limits May Apply
Availability Subject to Change
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FAQ
What types of assistance programs exist?
Grants, deferred loans, forgivable second mortgages, and matched savings programs. There are a wide variety of programs, often with their own unique qualification requirements based on income, property use and location.
Who provides DPA programs?
City, county, or state housing authorities, nonprofits, and even employers in some cases.
Can I use DPA with FHA or Conventional loans?
Yes, many DPA programs are designed to layer with standard first mortgages.
Will DPA affect my mortgage approval?
Not directly, but the added layer can impact underwriting, timelines, and seller acceptance. It also depends on loan type and the loan scenario.
Do I have to repay the assistance?
Some DPA is repayable, some is forgivable after a few years, it varies by program. We'll help you navigate the specific guidelines to ensure you make an informed decision.
Are there income or purchase price limits?
Yes, most programs have household income and home price caps based on local affordability.
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Disclaimer: Information provided is for educational purposes only and is subject to change. All loan programs, interest rates, down payment requirements, and terms are subject to credit approval, underwriting guidelines, investor requirements, and may change without notice. Not all applicants will qualify. Restrictions may apply, including but not limited to geographic limitations, property type, and occupancy requirements.