Federal DPA Programs

The U.S. government and its sponsored enterprises offer mortgage loan programs targeted at low-to-moderate income homebuyers. These programs are available through participating lenders and offer low to no down payment, possible below-market interest rates, and ways to reduce out-of-pocket closing costs for those who qualify.

Federal Housing Administration (FHA)
www.fha.gov

  • A low down payment (as low as 3.5%) for first-time and repeat homebuyers.

Veterans Administration (VA)
www.va.gov

  • A no down payment mortgage loan available to active-duty service members, members of the National Guard, reservists, surviving spouses of veterans, among others.

United States Department of Agriculture (USDA)
www.usda.gov

Fannie Mae-Home Ready
HomeReady Mortgage | Fannie Mae

  • A no down payment mortgage loan for the purchase of a home in a rural area as defined by the USDA.

  • A low down payment (as low as 3%) to first-time and repeat homebuyers.

  • A low down payment (as low as 3%) to first-time and repeat homebuyers.