Down Payment Assistance: Free Money or Hidden Costs? What You Need to Know!
Down Payment Assistance (DPA): What’s the Catch? Is it really free money for a down payment?
- Lenders often adjust loan terms, sometimes lowering rates, to help.
- DPA programs come with eligibility requirements.
- The key is finding one that fits your needs.
Buying a home can feel out of reach with today’s down payment requirements. While you’ve heard about Down Payment Assistance (DPA) programs, you might be wondering, “Is there a catch?”
For many first-time buyers, DPA can seem too good to be true. Some programs have eligibility requirements that might feel restrictive. Others come with terms that may adjust your loan rate. All this can make it hard to decide if DPA is truly a smart move for your financial future. How do you know which program, if any, is the right fit?
With the right guidance, you can find a DPA program that aligns with your goals and budget. Many lenders work with DPA programs to offer terms that match your unique situation, sometimes even adjusting rates in your favor. Discover how DPA could be the missing piece in your path to homeownership – with the right fit, your new home might be closer than you think. Check out the video to get more details.
