At Mortgagee Capital, we understand that coming up with a down payment can be one of the biggest hurdles for homebuyers. That’s why we are proud to offer Down Payment Assistance (DPA) programs to eligible buyers in Florida.
What is DPA Down Payment Assistance?
The Down Payment Assistance (DPA) program helps you cover the cost of your down payment and/or closing costs when purchasing a home. This assistance can come in the form of grants, second loans, or other resources, making it easier for you to achieve the dream of homeownership.
Who is Eligible for DPA Down Payment Assistance?
To qualify for DPA, you typically need to meet specific income limits, credit score requirements, and other guidelines. These programs often target first-time homebuyers, but even if you’ve owned a home in the past, you may still be eligible for assistance.
Florida programs often target individuals who meet specific eligibility criteria, which can vary.
- First-time homebuyers or individuals who have not owned a home in the last three years.
- Low-to-moderate income buyers.
- Those purchasing homes in specific Florida counties or designated areas.
Benefits of DPA Programs
- Lower upfront costs – DPA helps reduce the amount you need for your down payment.
- No need for private mortgage insurance (PMI) – Some programs eliminate this added cost.
- Flexible funding options – Choose from various loan types and grant programs.
How Mortgagee Capital Can Help
At Mortgagee Capital, we specialize in guiding Florida homebuyers through the down payment assistance process. We’ll help you explore the options available through local and state programs, ensuring that you take full advantage of the resources designed to make homeownership affordable.
Why Choose Us?
- Expert Knowledge: We are Florida-based and experienced in navigating the state’s housing and DPA programs.
- Personalized Support: We provide individualized assistance, from application to closing.
- Fast and Efficient Service: Our team will work with you to get the assistance you need, as quickly and smoothly as possible.
Get Started Today!
If you’re ready to explore Down Payment Assistance programs in Florida, don’t hesitate to reach out to us. Let Mortgagee Capital help you make your homeownership dreams a reality.
Call 561-300-0380 or Contact Us to get started!