FHA DOWN PAYMENT ASSISTANCE PROGRAM
DPA is for Eligible Qualified Borrowers
- 3.5% Second Mortgage with no payment and forgiven in 7 years if Not Sold or Mortgage Paid Off before.
- Minimum Credit Score requirement is a 620
- There will be Closing Costs Expenses required by borrowers
- No Rehab or Construction Programs allowed with this program
- FHA 203k Rehab program is available to use with the DPA program, but not a new build home construction loan.
