What Are Down Payment Assistance Programs?

Details

What Are Down Payment Assistance Programs?

Short Answer

Down Payment Assistance (DPA) programs help cover down payment and closing costs through grants or forgivable loans.

Types of Assistance

  • Grants

  • Forgivable second mortgages

  • Deferred-payment loans

Eligibility

  • Income limits

  • First-time buyer status (often flexible)

  • Primary residence requirement

???? Check DPA programs in Ohio & Louisiana