Down Payment Assistance

MORE ABOUT THE DPA ADVANTAGE PROGRAM

The DPA Advantage Program is a down payment assistance program, offered by an approved governmental entity. Available to a range of eligible borrowers, it can be used in tandem with either the FHA 203(b) program or any of our FHA renovation programs.

PROGRAM HIGHLIGHTS

• A simple one-step process: we do all the coordination; there is no third party for you or the borrower to engage with
• DPA is a completely forgivable grant, equal to 2% of purchase price
• May be combined with up to 6% seller concession for closing costs
• No resale or borrower repayment restrictions
• Minimum qualifying credit score: 580

ELIGIBLE BORROWERS (Any one of the following)

• Total borrower’s income is equal to or less than 140% of median area income
• First-time home buyers
• Any borrower on the loan application who is a current, retired, volunteer, or non-paid:
– First-responder: police officer, firefighter, public safety officer, paramedic, or emergency medical technician (EMT), including volunteers or similar
– Educator
– Medical personnel: nurse, doctor, phlebotomist, or health ambassador, or hospital, American Red Cross worker, or similar
– Civil servant in a federal, state, or local municipality
– Military personnel

Contact us today for more info or Apply Now!

Basic Pre-Approval

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Basic Pre-Approval