Modus Mortgage


DPA Overview

Down payment assistance programs (DPAs) help homebuyers offset or, in some cases, fully cover the cost of the down payment when purchasing a home. Most of these programs are offered through state-run housing finance agencies. For instance, if  you qualify as a first-time homebuyer, you may qualify for federal or state down payment assistance programs. Most federal and/or nonprofit programs consider anyone that hasn’t owned a home in the last three years as a first-time buyer even if you’ve owned a home before that period. However, eligibility varies from state to state but generally is based on income and credit history. Programs offer assistance in a number of different ways, with some as a percentage of the home’s value and others capped at a certain dollar value.  In conclusion, regardless of assistance type, you must go through an application process and, in some cases, attend training classes on the mortgage process and finances in general.

*Not available in Alaska, Hawaii or Washington

Types of down payment assistance:

Federal & nationwide program options

What is DPA
DPA Benefits



DPA Benefits


DPA Requirements
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