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FHA/DPA Combo – 3.5% Down, Extra Support for Homebuyers
Helping more clients qualify — even with limited credit or income
This program combines the benefits of an FHA loan with Down Payment Assistance (DPA) to give more homebuyers the flexibility they need. Whether a client has limited credit, modest income, or no first-time homebuyer status, this program makes homeownership possible with as little as 3.5% down.
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FAQs
Q: Who is eligible for this program?
A: Any borrower who meets FHA requirements and has a qualifying credit score. No first-time buyer restriction applies.
Q: Does the down payment assistance have to be repaid?
A: Terms vary, but the DPA is structured to keep the borrower’s upfront costs low and repayment manageable if applicable.
Q: Can seller concessions be combined with the DPA?
A: Yes, seller concessions are allowed alongside DPA.
Q: How fast can the loan close?
A: With 100% in-house underwriting, decisions are faster, often cutting the timeline significantly compared to standard FHA loans.
Q: Is the program available nationwide?
A: Availability is based on FHA guidelines and participating lenders; most states are covered.
Why This Program Works for Today’s Buyers
Many buyers face challenges qualifying for a mortgage due to credit score requirements, income limits, or first-time buyer restrictions. The FHA/DPA Combo removes these common barriers by offering competitive down payment assistance, flexible credit options, and no income caps, making it ideal for a wider range of clients.
A Smarter Way to Close More Deals
With built-in DPA, you can serve clients who might otherwise be locked out of the housing market. This program gives you a strong selling point — lower upfront costs, more flexible guidelines, and faster closings through in-house underwriting.