Buying a home is one of the biggest financial decisions you'll make—and saving for a down payment can be a major hurdle. That’s where Down Payment Assistance (DPA) programs come in. These programs are specifically designed to help eligible buyers reduce or eliminate the upfront costs of purchasing a home, including the down payment and closing costs.
What is Down Payment Assistance?
Down Payment Assistance programs offer financial support in the form of grants, forgivable loans, or second mortgages with 0% interest and no monthly payments. These funds are typically repaid only if you sell, refinance, or stop using the property as your primary residence.
Key Benefits
Reduce upfront costs: Helps cover down payment and closing expenses
Easier path to homeownership: Ideal for first-time buyers or those with limited savings
No monthly payments: Many programs require no repayments unless specific conditions are met
Flexible options: State, local, and lender-based programs available
Types of Down Payment Assistance Programs We Offer
State Programs (Florida Housing Finance Corporation - FHFC)
Florida Bond Program: Up to $10,000
Hometown Heroes Program: Up to $35,000 (currently out of funds)
State Housing Initiative Partnership (SHIP): Up to $100,000
Local Government Programs
Tailored City and County programs available in many regions
Assistance amounts and requirements vary by location
Call us at (954) 392-8064 for detailed options based on your area
Lender-Sponsored Programs
HomeReady First: $5,000 grant + up to $500 in appraisal and home warranty reimbursements
FHA Rosebud: 3.5% second mortgage (forgivable or repayable, depending on your situation)
Am I Eligible?
Eligibility depends on factors like:
Annual household income
Credit score
Debt-to-income ratio
Property location
Whether you’re a first-time homebuyer or a repeat buyer
Our team will evaluate your profile during the Pre-Approval process to find the best programs you qualify for.
Start Your Journey Today
Not sure which Down Payment Assistance program is right for you? We’re here to help! Let our experts guide you through the process and match you with the best options available in your area.
Get A Quote
Start your journey today, feel free to reach out to us for personalized mortgage guidance and assistance.
1212 Suncast Lane, Suite 1 El Dorado Hills, Ca. 95762
Family Home Loans
Many years of dedicated service have allowed us to play a crucial role in turning home aspirations into reality, always with a keen eye on keeping it within our customers' financial reach.
Disclosure: The content provided within this website is presented for information purposes only. This is not a commitment to lend or extend credit. Information and/or dates are subject to change without notice. All loans are subject to credit approval. Other restrictions may apply. Mortgage loans may be arranged through third party providers.
