Get downpayment assistance. The easy way!

Down Payment Assistance (DPA) programs are designed to help first-time home buyers with financial aid for upfront costs like down payments, closing costs, and more. These funds can come as grants or loans, easing the path to homeownership for buyers with limited savings.

While often perceived as “free” money, DPA funds typically need to be repaid over time through loans or taxes. These programs are offered by government agencies, lenders, and nonprofits, each with its own qualifications and restrictions.

Navigating DPA programs can be tricky, but we're here to simplify the process and help you access these valuable resources.

Down payment assistance programs come from the government, banks, and nonprofits to help cover the costs of buying a home. Your lender can guide you through these programs as you apply for your mortgage.

Working with a lender who knows local programs can make things easier and improve your chances. It’s also smart to do your own research and talk with your lender about your options. Together, you can make a plan to help you buy your home.

Many people qualify for down payment assistance, with over 2,000 programs available nationwide. Eligibility depends on specific factors like location, profession, and more. Here’s what to consider:

Common qualifying factors:

• Income limit: Usually between 80-120% of the Area Median Income (AMI).
• Credit Score: Programs exist for various credit ranges.
• Location: Where you plan to buy matters.
• Loan type: Conventional, FHA, USDA, etc.
• First-time buyer status: Many programs are for first-time buyers
• Veteran Status: Extra options for veterans
• Profession: Special programs for teachers, healthcare workers, and more.
• Education courses: Some require you to complete a course.
• Primary residence: You must live in the home full-time.
• Closing Timeline: You’ll need to close within 30-90 days of approval.
• Family size: Some programs consider family size or if you’re buying for immediate relatives.

Meeting these criteria can help you qualify for downpayment assistance. Explore your options to find the program that works for you.

Absolutely! Kassa has several ways to help you with down payment assistance.

1. Connect with specialized lenders

We’ll connect you with lenders who specialize in DPA programs. These experts know the best options in your area and can help turn your homeownership dream into reality.

2. Explore various assistance programs

Based on your needs, we’ll guide you through different assistance programs to find the one that fits you best.

The time it takes to receive your downpayment assistance can vary based on several factors, such as the specific program, your lender’s speed, how organized you are with paperwork, the time of year, and your location.

To speed up the process, focus on what you can control. Stay organized, keep up with paperwork, and respond quickly to your lender’s requests. The more on top of things you are, the smoother the process will be.

While many lenders know DPA programs well, doing your own research can help too. Teaming up with your lender can help you get your downpayment assistance faster.

Yes, sometimes! The Federal Housing Administration (FHA) works with housing finance agencies to offer FHA loans to homebuyers who need extra help with a down payment. In some cases, you can even combine multiple assistance programs. However, whether you can get additional help depends on the specific FHA loan and your unique situation.