Down Payment Assistance
Down payment assistance refers to grants, loans, or credits offered by government agencies, non-profits, and private lenders to reduce the upfront cash required to purchase a home. These programs are often geared toward first-time buyers, low-to-moderate income households, or individuals purchasing in certain geographic areas.
DPA Program Benefits
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Lower upfront costs — reduce or eliminate your down payment
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Preserve your savings for emergencies or home improvements
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Expand your buying power with more flexible financing options
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Combine with FHA, VA, USDA, or Conventional loans
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Lower upfront costs — reduce or eliminate your down payment
-
Preserve your savings for emergencies or home improvements
-
Expand your buying power with more flexible financing options
-
Combine with FHA, VA, USDA, or Conventional loans
McDaniel Mortgage DPA Program Highlights
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Zero income limits — unlike many programs, ours is available to buyers regardless of income level
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Multiple program types available — grants, forgivable loans, and deferred-payment second mortgages
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Available in multiple states — ask us which programs you qualify for based on your location
Do You Qualify?
Eligibility requirements vary by program, but common criteria include:
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Being a first-time homebuyer (or not having owned a home in the past 3 years)
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Meeting minimum credit score and debt-to-income guidelines
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Purchasing in a program-approved area
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Attending a homebuyer education course (required by some programs)
Our team will help you check your eligibility and pair you with the best program available in your area.
We’ll Help You Navigate the Options
With so many programs available — and so many details to consider — having a trusted mortgage partner matters. The McDaniel Mortgage Group has extensive experience with down payment assistance and will handle the process from start to finish.
