For many potential homebuyers, the dream of owning a home seems out of reach due to the down payment requirement. However, FHA Loans, which typically require a 3.5% down payment, now offer a unique opportunity for 100% financing.
With the help of the down payment assistance program, (DPA) homeowners can obtain an FHA loan with no out-of-pocket down payment, making home ownership more accessible than ever before.
The program can cover the down payment, closing cost or both depending on the program's structure.