Down Payment Assistance (DPA)
Get help with your down payment and closing costs through specialized assistance programs
Program Highlights
Down Payment Help
Assistance with your down payment amount
Closing Cost Aid
Help covering closing costs and fees
First-Time Buyers
Special programs for first-time homebuyers
Grant Options
Some programs offer forgivable grants
What is Down Payment Assistance?
Down Payment Assistance (DPA) programs are designed to help homebuyers, especially first-time buyers, overcome one of the biggest barriers to homeownership: the down payment. These programs provide grants, low-interest loans, or deferred-payment loans to help cover down payment and closing costs.
Types of DPA Programs:
Grants
Money that doesn't need to be repaid, often given to income-qualified buyers
Second Mortgages
Low-interest or deferred-payment loans to cover down payment
Forgivable Loans
Loans forgiven after you live in the home for a certain period
Matched Savings
Programs that match your savings contributions dollar-for-dollar
Typical Eligibility Requirements
Common Requirements
- First-time homebuyer status
- Income limits (varies by program and area)
- Minimum credit score requirements
- Homebuyer education class completion (HUD-certified)
- Property must be primary residence
Additional Benefits
- Reduce upfront cash needed
- Lower monthly mortgage insurance
- Competitive interest rates
- Can combine with FHA, VA, or Conventional loans
- Faster path to homeownership
Required Documents
To apply for a DPA program, please prepare the following documents:
- Driver's license and Social Security card
- Pay stubs for the last 30 days
- W-2 forms and tax returns for the last 2 years
- Two most recent bank statements (all pages)
- Retirement statement and terms (if applicable)
- Purchase agreement (if applicable)
- Proof of additional income (if applicable)
- HUD-certified homebuyer education class certificate
Ready to Explore Down Payment Assistance?
Let our team help you find the right DPA program to make homeownership possible