Down payment assistance (DPA) programs are crafted with the intention of easing the financial challenge individuals and families face when dealing with the initial upfront payment for a home, commonly referred to as the down payment. This down payment usually represents a percentage of the home’s purchase price and is settled upfront during the closing process.
The primary goal of DPA programs is to enhance accessibility to homeownership by extending financial assistance or grants to eligible homebuyers. These programs come in diverse forms, with eligibility criteria that may differ depending on the specific program.
Key Offerings
We collaborate with various housing authorities, including, but not limited to:
- Alabama Housing Finance Authority
- Alabama Step Up Program
- Florida Housing
- Georgia Housing
- Georgia Dream
- PEN Program
- Choice Program
- WeDekalb
- Cobb County Housing
- Georgia Dream
- Indiana Housing Agency
- North Carolina Housing & Finance Agency
- Ohio Housing Finance Agency
- South Carolina Housing
- Tennessee Housing Great Choice Program
- Lakeview National DPA Program
- Kentucky Housing – COMING SOON
with new ones popping up everyday!
Determine Your Eligibility
Speak with a local Silverton Mortgage loan originator today to determine if you qualify for Down Payment Assistance.
The Mortgage Process Simplified
01 Pre-Approval
Work with trusted Loan Originator to qualify for appropriate mortgage
02 Submit Initial Documents
- Bank Statements
- Pay Stubs
- Tax Returns
- W2’s
03 Process Loan
Experienced Processer reviews, packages, and monitors the file through the mortgage process
04 Send to Underwriting
Underwriter reviews loan, verifies guidelines are met, and issues a mortgage commitment
05 Pre-Closing
Last details finalized by the lender
06 Closing
Closing Disclosure issued to borrower and paperwork is finalized with attorney for execution on closing day