Bridge the Gap to Your New Home
The #1 obstacle to homeownership isn’t the monthly payment—it’s the upfront cash. We connect you with thousands of DPA programs that provide the funds you need to close the deal.
OVERVIEW
The Lowdown on Down Payment Assistance…
Many potential homebuyers believe they need a 20% down payment to buy a home. In reality, the average down payment for first-time buyers is closer to 6%. Down Payment Assistance (DPA) programs are designed to cover that 3% to 6%, plus your closing costs, so you can move in with as little as $0 to $1,000 out of your own pocket.
DPA isn’t just one program; it’s a collection of thousands of localized grants, forgivable loans, and “silent” seconds provided by state housing agencies, city governments, and non-profit organizations.
Whether you are a teacher, a first-time buyer, or a repeat buyer looking to move into a specific neighborhood, there is likely a program designed to help you. We handle the research and the paperwork to pair the right assistance with your mortgage.
The 4 Types of Assistance
How Does the Money Work?
Grants
This is “gift” money that never has to be repaid. It is provided at the closing table and immediately reduces the amount of cash you need to bring.
Forgivable Loans (0% Interest)
These are second mortgages that are “forgiven” over a set period (usually 3 to 10 years). As long as you stay in the home, the debt slowly disappears. If you move early, you pay back a pro-rated portion.
Deferred “Silent” Seconds
The most common DPA type. You make $0 monthly payments on this loan. You only pay it back when you sell the home, refinance, or reach the end of your 30-year mortgage.
Lender Credits
Some of our specialized internal programs offer a credit (e.g., up to $7,500) specifically for closing costs or rate buy-downs. These are often easier to qualify for than government grants.
Eligibility
Can You Get Assistance?
While every program is different, most follow these general guidelines:
| Requirement | Typical Standard | Notes |
|---|---|---|
| Credit Score | 580 – 640 | We have unique programs (like Pathway DPA) that go as low as 580 FICO. |
| Homebuyer Status | 61% First-Time | 39% of programs are available for repeat buyers! |
| Income Limits | 80% – 120% AMI | Many programs allow for “Moderate” income, not just low income. |
| Occupancy | Primary Residence | You must intend to live in the property as your main home. |
| Property Type | SFR, Condo, PUD | Most programs allow for single-family homes and townhomes. |
IS THIS RIGHT FOR YOU?
DPA Loans Are Ideal For…
Protective Occupations
Specialized grants for Police, Firefighters, and EMTs.
Educators
Programs designed to help Teachers and School Staff live in the communities where they work.
Healthcare Workers
Assistance for Nurses and Medical Professionals.
Neighborhood-Specific
Some cities offer “Targeted Area” grants to encourage homeownership in revitalizing neighborhoods. These often have no income limits.
DPA FAQs
Frequently Asked Questions
Q1: Is DPA only for people with low income?
Q2: Can I use DPA for a 0% down VA or USDA loan?
Q3: Does DPA make my interest rate higher?
Q4: What is a “Silent Second”?
Stop Saving and Start Packing.
Your down payment might already be waiting for you. Let us find it.