Down Payment Assistance
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Down Payment Assistance
Down payment assistance (DPA) programs provide financial help—in the form of grants or second mortgages — to cover all of a homebuyer’s down payment and sometimes closing costs (when the purchase agreement is structured properly).
Reasons to choose a down payment assistance loan
Down Payment Assistance (DPA) loans help buyers meet minimum down payment requirements faster, allowing you to purchase a home now instead of delaying your plans while trying to save for years. For many homebuyers, especially first-time buyers, saving for a large down payment can feel overwhelming. Rising home prices, rent payments, and everyday expenses often make it difficult to set aside enough money. That’s where Down Payment Assistance programs can make a significant difference.
30-year FHA DPA mortgage guidelines
To qualify for a 30-year FHA DPA mortgage, you will need:
Purchase price limits are $541,287 for single-family homes in most of the country, but are up to $1,249,125 in high costs areas (ex. NYC, Long Island, DC, Alaska & Hawaii)
Apply for a FHA DPA mortgage
Ready to take the next step toward homeownership? Applying for an FHA Down Payment Assistance (DPA) mortgage is simple and can help you move into your new home sooner than you think. Our mortgage specialists will review your income, credit, and eligibility to match you with the right FHA DPA program available in your area. We’ll guide you through the pre-approval process, explain your down payment assistance options, and help you understand estimated monthly payments and closing costs. Whether you’re a first-time buyer or a repeat homeowner, applying for an FHA DPA mortgage could make purchasing your home more affordable and achievable. Start your application today and see how much assistance you may qualify for.
This DPA program is available nationwide, except NY and DE.
The second lien is forgivable if there is no 90 day or greater delinquency on the first 60 payments of the underlying
first lien and property remains a primary residence. The loan canot be re-subordinated
An FHA Down Payment Assistance mortgage is a home loan program that combines a standard FHA loan with financial help to cover your down payment and sometimes closing costs. The assistance can come in the form of a grant, forgivable loan, or low-interest second mortgage. This type of program is designed to make homeownership more accessible for buyers who qualify for monthly payments but may not have enough savings for upfront costs.
Eligibility for an FHA DPA mortgage depends on factors such as credit score, income stability, debt-to-income ratio, and property type. Most programs require a minimum credit score of 580–620 and at least two years of steady income. The home must typically be used as your primary residence. Some programs also have income limits based on your location. Working with a mortgage professional can help determine which Down Payment Assistance program fits your situation.
It depends on the type of assistance you receive. Some Down Payment Assistance programs offer grants that do not need to be repaid. Others provide forgivable second loans that are forgiven after you live in the home for a specific period (for example, 3–5 years). In some cases, repayment may be required if you sell or refinance the home before the forgiveness period ends. Always review the terms carefully before committing.
Yes, many FHA DPA programs are available to both first-time and repeat homebuyers. While some local programs may prioritize first-time buyers, others allow previous homeowners to qualify as long as they meet credit, income, and occupancy requirements. Not being a first-time buyer does not automatically disqualify you from Down Payment Assistance.
