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Down Payment Assistance

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Down Payment Assistance Program

This nearly nationwide* program is designed to provide down payment assistance equal to 2% of the purchase price to a wide variety of eligible borrowers.


  • A simple one-step process: AFR is the administrator, so we do all the coordination; there is no third party for you or the borrower to engage with

  • DPA is a grant equal to 2% of purchase price

  • May be combined with up to 6% seller concession for closing costs

  • No resale or borrower repayment restrictions

  • Minimum qualifying credit score: 580

  • Can be used with the FHA 203(b) program or any of our FHA renovation programs

ELIGIBLE BORROWERS (Any one of the following)

■ Total borrower’s income is equal to or less than 140% of median area income
■ First-time home buyers
■ Any borrower on the loan application who is a current, retired, volunteer, or non-paid:
– First-responder: police officer, firefighter, public safety officer, paramedic, or emergency medical technician (EMT), including volunteers or similar
– Educator
– Medical personnel: nurse, doctor, phlebotomist, or health ambassador, or hospital, American Red Cross worker, or similar
– Civil servant in a federal, state, or local municipality
– Military personnel

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