DPA (Down Payment Assistance) Product

Even though you don't have enough funds for the down payment, you can purchase a home as far as you have only the closing costs of around $10,000 to $20,000.

More Options, Better Solutions!

The program provides down payment assistance options for 3.5% and 5% of the purchase price or appraised value (whichever is less) through a repayable, 10-year second mortgage. This assistance is combined with a 30-year FHA loan, ensuring accessibility and affordability for borrowers.

Program highlights include:

• Eligibility criteria:

  • Minimum FICO score requirement: 660

  • Maximum debt-to-income (DTI) ratio: Per Automated Underwriting System (AUS) guidelines

  • Maximum loan-to-value (LTV) ratio: 96.5%

• Manual underwriting is permitted

• No income limits or Area Median Income (AMI) requirements

• No first-time homebuyer requirement

• No homebuyer education requirement

• No Max CLTV for secondary financing

• Lender Paid Compensation Allowed

If you have any further questions, please call me at 469-525-2105.