Down Payment Assistance (DPA)
For many people, a home purchase is often their largest investment and most significant asset. Saving for a down payment can be especially challenging for first-time homebuyers and those who earn just enough to make ends meet but otherwise qualify for a mortgage.
Down payment assistance programs give homebuyers the opportunity to overcome one of the single greatest obstacles to homeownership - having the money for the down payment. Through down payment assistance programs, non-profit organizations are allowed to give homebuyers money for the down payment on their home purchase.
We have put together a list of organizations you can turn to for assistance.
Non-Profit Organizations
Federal Government
- The Department of Housing and Urban Development (HUD) - www.hud.gov
Fannie Mae / Freddie Mac
State Government