Down Payment Assistance (DPA)
Programs to help qualified buyers cover their down payment and closing costs.
A Down Payment Assistance (DPA) program provides funds to help homebuyers cover their down payment and, in some cases, closing costs. These programs are typically offered as grants or low-interest loans and are designed to make homeownership more accessible for first-time buyers and low-to-moderate income households.
Types of DPA Programs
Grant Programs
Free money that does not need to be repaid. Grants are typically offered by state and local housing agencies to qualified buyers.
Forgivable Loans
Loans that are forgiven after a set period — usually 5 to 10 years — as long as you remain in the home.
Deferred Payment Loans
Low or no-interest loans that are repaid only when you sell, refinance, or pay off your primary mortgage.
Matched Savings Programs
Programs that match your savings dollar-for-dollar up to a set amount to help you build your down payment faster.
Eligibility requirements vary by program but typically include income limits, purchase price limits, and a requirement to complete a homebuyer education course. Contact us to find out which programs you may qualify for.