Let’s Explore Your Options

Many buyers assume they can’t afford to buy a home — but with Down Payment Assistance, that may not be true. Programs change frequently, and new opportunities become available throughout the year.

If you’re ready to learn more, contact Letticia Hernandez for a personalized consultation. Together, you can explore available programs and create a clear path toward homeownership.

Program availability, eligibility requirements, income limits, property requirements, repayment terms, and assistance amounts vary by program. Not all borrowers will qualify.

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Making Homeownership More Accessible

Saving for a down payment is one of the biggest challenges many homebuyers face. Down Payment Assistance (DPA) programs are designed to help make owning a home possible — even if you don’t have a large amount of cash saved. These programs provide funds that can cover part or all of your down payment and, in some cases, closing costs.

What Is Down Payment Assistance?

Down Payment Assistance (DPA) is financial support offered through state, local, or nonprofit organizations to help qualified borrowers purchase a home. DPA can come in several forms, such as:

  • Grants: Funds that do not have to be repaid.

  • Forgivable Loans: Loans that are forgiven after you live in the home for a set number of years.

  • Deferred Loans: Loans that do not require repayment until you sell, refinance, or pay off the mortgage.

  • Low-Interest Second Mortgages: Additional loans that cover part of the down payment with manageable terms.

Who Can Qualify for DPA Programs?

While each program has its own guidelines, DPA is typically designed to help:

  • First-time homebuyers (anyone who hasn’t owned a home in the last three years)

  • Borrowers with steady income who may not have large savings

  • Essential workers such as teachers, first responders, and healthcare professionals

  • Veterans and service members

  • Buyers purchasing in designated areas or neighborhoods

Lety and her team can help review the programs you may qualify for based on your location, income, eligibility, and homebuying goals.

Benefits of Using Down Payment Assistance

  • Help with upfront expenses: Eligible DPA programs may provide assistance toward a down payment and, in some cases, closing costs.

  • A more achievable path: Down payment assistance may help eligible buyers move toward homeownership without having to save the full down payment on their own.

  • More flexibility: Depending on the program, DPA may be available with FHA, VA, USDA, or conventional financing.

  • Explore more possibilities: Down payment assistance may make purchasing a home possible sooner for eligible borrowers.