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Down Payment Assistance Programs Help First-Time Homebuyers Access Funds for Your Home Loan

We can help you access Down Payment Assistance (DPA) funds for your down payment and/or closing costs. Most DPA programs are provided by local city, county, state or federal housing authorities.

Qualifying for Down Payment Assistance

  • Meet the eligibility requirements for income and credit history. These may vary depending on the type of loan solution.

  • Utilize a Down Payment Assistance program that is acceptable to your lender and the loan solution. Authorized loan solutions include Conventional, FHA, VA and USDA loans.

  • DPA options are available for both first-time and seasoned homebuyers.

Happy Family
Happy Family

Down Payment Assistance Conventional, FHA, VA and USDA Loans

  • For 30-Year, Fixed Rate home loans

  • 100% Combined Loan-to-Value (CLTV) with select Down Payment Assistance programs 

  • LTV and DPA percentage varies by state and/or county

  • State-specific DPA allowed on VA and USDA loans ​

  • Specialty three- and five-year forgivable DPA program options for teachers and Heros (including firefighters, police officers, etc.)

Types of Down Payment Assistance Programs

The amount you can receive depends on the program. Some offer a percentage, typically 3-5% of the the total loan amount while others cap assistance at a certain dollar amount.

Your TSM Loan Originator will help you investigate Down Payment Assistance program options for your home loan.


Connect with a Loan Originator Today!

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