Down Payment Assistance Loans
Down Payment Assistance – Making Homeownership More Accessible
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Down Payment Assistance (DPA) programs help eligible buyers cover some or all of their down payment and closing costs. These programs are often offered through state or local agencies and are designed to reduce the upfront cash required to buy a home. DPA loans can be paired with FHA, conventional, or other loan programs, making them a powerful tool for buyers who qualify.
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Great fit for:
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First-time homebuyers
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Buyers with limited savings
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Moderate-income borrowers
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See if your property is eligible for Down Payment Assistance financing:
Is down payment assistance free money? Some programs offer grants, while others are forgivable or deferred loans. Terms vary by program.
Do I have to be a first-time homebuyer? Many programs require first-time buyer status, but not all.
Are income limits required? Most DPA programs have income and purchase price limits.
Can DPA be combined with other loan programs? Yes. DPA is commonly paired with FHA or conventional loans.
Do I have to repay the assistance? That depends on the program — some are forgiven over time, others are repaid upon sale or refinance.