Down Payment Assistance

Program Highlights:

• DPA Advantage has two grant options available: a 3.5% grant and a 2% grant
• The 3.5% grant offers a true “no money down solution” with up to an additional 3% toward closing costs
• If you have borrowers who do not need the “no money down” solution, you can offer a lower interest rate
• No repayment required
• No need for a second lien on the property
• May be combined with up to 6% seller concession for closing costs
• Minimum qualifying credit score: 620
• Can be used with the FHA 203(b) program or any of our FHA renovation programs

Eligible Borrowers

To be eligible for the program, the borrower(s) must meet one of the three following categories outlined. 

• First -Time Home Buyers 
• First responder (police officer, firefighter, public safety officer, paramedic, emergency medical technician (EMT) or similar
• Educator (Sunday school teacher, tutor, day care provider)
• Medical personnel (nurse, doctor, phlebotomists, health ambassador, or hospital, American Red Cross worker, or similar)
• Civil servant in a Federal, state or local municipality
• Military personnel