Our Incredible Down Payment Assistance Program

Down payment assistance (DPA) programs provide funds to help homebuyers cover their down payment. Unlike many programs, this program is a grant (which doesn’t need to be repaid). Other programs are either a forgivable loan, or a silent second mortgage that gets repaid when you sell or refinance the home. This DPA does not require repayment and is not a lien.

Yes. This program is for first-time homebuyers who are not currently on any mortgage and have not owned or co-signed on a mortgage for another property for at least 3 years.

You can get up to 3% of the purchase price. Qualify for a conforming loan with a 97% first mortgage, and you can get a 1%, 2%, or up to 3% Down Payment Assistance Grant. That grant is forgiven after 6 months.

Yes. The rate for the 97% conforming mortgage is affected by the size of the grant. The 1% grant gives you a better rate than the 2% and 3% options. You may be able to refinance after 6 months, subject to eligibility and applicable terms.