Learn how the Mutual Assist Down Payment Assistance (DPA) Program helps make homeownership more accessible and affordable. This program offers 100% financing with $0 down for qualified buyers, along with closing cost assistance. With no income limits, flexible credit requirements, and options for non-occupant co-borrowers, this program is designed to accommodate a wide range of financial situations.
Welcome to our guide on the Mutual Assist Down Payment Assistance (DPA) program, designed to help you achieve your dream of homeownership. Let’s explore how this program can make buying a home more accessible and affordable for you.
What is the Mutual Assist DPA Program?
The Mutual Assist DPA program offers 100%* financing with $0 down to qualified homebuyers, providing down payment and closing cost assistance to make purchasing a home more feasible. This is achieved through an FHA 1st and 2nd mortgage, with the 2nd mortgage amount is 3.5%. It’s a valuable resource for those who may face barriers to homeownership due to financial constraints.
Key Benefits of the Program
With the Mutual Assist DPA program, eligible homebuyers can take advantage of $0 downpayment reducing the upfront expenses associated with buying a home. This can help make homeownership more attainable and alleviate some of the financial burdens of purchasing a property. The Mutual Assist DPA program also features:
- No Income Limits: Eligibility isn’t restricted by stringent income requirements.
- Minimum 600 FICO Score: Flexibility for clients with less-than-perfect credit scores.
- Non-Occupant Co-Borrowers Allowed: Accommodating diverse financial arrangements, fostering inclusivity.
For more information and to get started on your homeownership journey, contact us.
