DPA (Down Payment Assistance)
Down Payment Assistance programs help qualified buyers purchase a home with less money out of pocket. Programs may offer grants, forgivable loans, or low-interest secondary financing to assist with down payments and closing fees.
First-Time Homebuyers & Budget-Conscious Buyers
Send Oakley your scenario for a personal review against 300+ wholesale lenders — no application submitted until you say go.
Program at a Glance
- Down Payment
- Program grants/forgivable 2nds (varies)
- Credit Score
- ≈ 620+ (varies by program)
- Occupancy
- Primary residence
- Term
- Pairs with FHA/Conventional 1st
- Property Type
- Eligible per program
Key Program Highlights & Advantages
Grant options that do NOT require repayment
Forgivable 2nd mortgages after staying in the home for a set period
May cover a portion of the purchase price or closing costs (amounts vary by program and area)
Pairs with FHA and Conventional 1st mortgages
State and nationwide assistance options available
General Qualification Standards
Compare Similar Programs
| Program | Down Payment | Credit Score | Occupancy | Term |
|---|---|---|---|---|
| DPA (Down Payment Assistance) | Program grants/forgivable 2nds (varies) | ≈ 620+ (varies by program) | Primary residence | Pairs with FHA/Conventional 1st |
| FHA Mortgage Loans | 3.5% down | 580+ (3.5% down); lender overlays often higher | Primary residence only | 15 & 30 yr fixed |
| Conventional Mortgage Loans | As low as 3% | 620+ (typical) | Primary, 2nd home, investment | 10–30 yr fixed |
Figures shown are typical ranges and vary by lender, program, and borrower profile.
Rates, terms, and program availability are subject to change without notice and depend on borrower qualification and underwriting approval. This is not a commitment to lend. Contact Oakley Pike for current program guidelines.
Ready to Explore DPA (Down Payment Assistance)?
Get custom rate quotes and personalized scenario analysis with Oakley Pike.