Buy sooner with Down Payment Assistance
If the down payment is the biggest barrier, you may have options that help cover part (or potentially most) of your upfront costs—so you can move forward sooner with a clear plan.
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Check your DPA options
Quick intro—then we’ll connect you with next steps.
What is Down Payment Assistance?
Down payment assistance (DPA) helps make homeownership more accessible by reducing the cash you need upfront. It can come from state/local programs or lender-supported options that pair with your purchase loan.
Depending on the structure, DPA may work like a second mortgage with affordable terms, deferred payments, or forgiveness rules.
Common structures
- Grants (can cover part or all of the down payment)
- Second loans (paid monthly like a typical loan)
- Deferred loans (payment due later—often at sale/refi)
- Forgivable loans (may be forgiven after time requirements)
Why it helps
- Buy sooner without waiting years to save
- Start building equity faster
- Potentially reduce certain upfront/ongoing costs
How to get Down Payment Assistance
The goal is simple: align a long-term purchase mortgage with a DPA option that helps cover upfront costs—without adding unnecessary delays.
The financing process
- Share basic info about your purchase goals and timeline
- We review credit + finances and map out realistic options
- We walk through DPA structures and what you’d qualify for
- You choose the best path, then we help you execute
Typical requirements
Requirements vary by program, but these are common items you may see. We’ll confirm what applies to your situation.
Down Payment Assistance FAQs
Financing a home is a big move—these are some common questions we hear.
Will down payment assistance slow down my timeline?
Some external programs can add coordination, but when DPA is structured alongside your financing plan, the process can be kept smooth with clear steps.
What types of down payment assistance exist?
Common categories include grants, second loans with payments, deferred-payment loans, and forgivable loans that may be forgiven after meeting time requirements.
What’s the benefit of using DPA?
It can help you buy sooner, start building equity, and reduce the amount of cash you need upfront—sometimes improving affordability depending on how it’s structured.
What’s a typical down payment?
It depends on the loan program and your profile. Conventional can be as low as a few percent in some cases; other programs may require different minimums.
Are there other upfront costs besides the down payment?
Yes—closing costs often include items like appraisal, title, and lender fees, and can vary. We’ll break down what applies before you move forward.
Down Payment Assistance benefits
- Affordable path to homeownership
- May not require first-time buyer status (program-dependent)
- Flexible credit requirements (program-dependent)
- Co-signers may be allowed (program-dependent)
- Loan limits follow guideline caps
- Can reduce upfront cash needs
- May help reduce mortgage insurance costs in some scenarios
- Clear roadmap from application to closing