Down Payment Assistance (DPA)—Mortgage Help

Down Payment Assistance Is A Growing Need For Home Buyers

Availability of DPA funds is the 2nd highest client need. More and more prospective homebuyers find themselves competing with cash buyers and home flippers who don’t need seller contribution towards closing costs. Having a variety of DPA funds available helps these clients to be competitive in these instances. 

Details about available DPA programs and charting and applying differences between 1st mortgage and DPA underwriting criteria has been a struggle for most MLO’s. DownPaymentResource.com is a paid resource that houses incredible detail about all U.S. DPA programs including popular county SHIP programs and city and state programs. Also in the last year, Downpaymentresource.com started adding wholesaler DPA programs available to mortgage brokers and are continuing to add proprietary DPA programs and a growing list of lenders who provide the Chenoa Fund.  Real estate agents also have access to this service through the MLS, and loan originators can join this service through Down Payment Connect to investigate and utilize DPA programs across the U.S.

Clients2Homeowners.com has provided a breakdown of down payment assistance for Florida city, county SHIP and state, proprietary wholesaler programs, and Chenoa Funds.

Call Pam so that I can integrate 1st and 2nd mortgage guidelines for the best down payment assistance available for you!