Down Payment Assistance Loans
What is a DPA Loan?
A DPA Loan is designed for those who need assistance with the down payment costs. Often times a borrower will qualify in all other aspects of a loan but will not have enough cash on hand for a down payment. Down payment assistance (DPA) helps homebuyers with grants or low-interest loans that reduce the amount they need to save for a down payment.
Typically each state has a variety of Down Payment Assistance Guidelines that can offer helpful benefits to those looking to purchase their first home.
