DBA 101
Down Payment Assistance can help buyers reduce the upfront cost of purchasing a home, but it is one of the most misunderstood parts of the homebuying process.
In this section, you will learn what DPA is, how grants and loan programs work, what costs assistance may or may not cover, and requirements buyers need to understand before using a program. You'll also learn how payback, forgiveness, refinancing rules, income limits, credit requirements, and property location can affect your options.