The number of times a buyer can take advantage of Down Payment Assistance (DPA) programs depends on the specific rules of each program. Here’s a general breakdown: 1. First-Time Homebuyer Restrictions Many DPA programs are designed for first-time homebuyers, defined as individuals who haven’t owned a home in the last...
Are Foreclosures or Fixer-Uppers Allowed in Down Payment Assistance (DPA) Programs?
Down Payment Assistance (DPA) programs can help qualified homebuyers overcome one of the largest barriers to homeownership: the upfront money needed to purchase a home. But what happens when the home you're interested in isn't a traditional move-in-ready property? Maybe you've found a foreclosure at an attractive price. Or perhaps...
Will Down Payment Assistance (DPA) Programs Also Permit Seller Contributions?
When purchasing a home with Down Payment Assistance (DPA), buyers often focus on one question: “How much assistance can I receive?” But there is another important question that could have a major impact on how much money you ultimately need at closing: “Can I receive Down Payment Assistance AND have...
The Downsides of Down Payment Assistance (DPA) Programs
While Down Payment Assistance (DPA) programs are an excellent resource for many aspiring homeowners, they are not without their potential drawbacks. It's important to weigh the pros and cons before deciding if DPA is the right choice for you. Here’s a look at some of the common downsides of DPA...
Debunking Common Myths About Down Payment Assistance (DPA)
Down Payment Assistance (DPA) programs are a fantastic resource for homebuyers, yet many misconceptions prevent people from exploring these opportunities. If you're considering buying a home, it's crucial to separate fact from fiction. Here are some of the most common myths about DPA programs—and the truths behind them. Myth #1:...
August 2026 Down Payment Assistance Update: Some Programs Are Changing—and Some Are Running Out of Funds
If you're planning to purchase a home using Down Payment Assistance (DPA), there is an important message for August 2026: Don't assume the program available today will still be available when you find your home. Down Payment Assistance programs across Florida and throughout the country are constantly changing. New funding...
Which State Offers the Best Perks for Down Payment Assistance Programs?
The benefits of Down Payment Assistance (DPA) programs vary significantly by state, with each offering unique incentives tailored to their residents' needs. Here are some states known for providing substantial DPA perks: CaliforniaThe California Housing Finance Agency (CalHFA) offers the MyHome Assistance Program, providing up to 3.5% of the home's...