Down Payment
What is down payment assistance?
Answered by Onias Derilus, Mortgage Capital · NMLS# 1859012 · Florida licensed mortgage broker
Down payment assistance (DPA) is a program that helps cover your down payment and sometimes closing costs, often as a 0%-interest second mortgage that's deferred or forgivable. Florida's Hometown Heroes is a leading example.
DPA pairs with an FHA or conventional first mortgage and is usually limited to first-time buyers under county income caps. We'll confirm eligibility and stack it onto your loan.
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