Struggling To Come Up With Funds For A Down Payment: DPA Programs Are Here To Help

Having a tough time getting the amount necessary for a home down payment? Understand that you are not alone in dealing with this obstacle. It is a common struggle for many looking to buy a home for their first time. For this reason, there are programs in place to help. There are a number of different grants and programs available. These programs are umbrellaed underneath the term “Down Payment Assistance Programs”.  

DPA Loan

So, what is a DPA loan? When buying a home, oftentimes there is a requirement to make a down payment for that home. This down payment is a percentage of the overall cost of the home to pay up front. With a DPA loan, first-time homeowners are given a loan in order to pay for this down payment. There are a number of different DPA loans available, each with different requirements and qualifications. Some common down payment assistance loans are FHA, USDA, and VA loans.   

Can You Get Down Payment Assistance with a VA Loan?

VA loans are home loans reserved for veterans and those who are currently serving in the armed forces. They are a great option for those who are eligible for them. VA loans have no down payment requirement, meaning that there is no need for down payment assistance. Additionally, they have lower interest rates in comparison to other loan alternatives and have more lax credit requirements.    Curious which DPA loan is best for you? With so many different programs, it can be hard to digest and know which is the right option. Find out more about your local area and which loan you qualify for through the help of one of our loan officers. 

A Lending Hand for Financing Home Mortgages

Spire Financial (A Division of AmeriFirst Financial Inc.) brings lending expertise to you. All of our loan officers offer personalized communication for every client, guiding them through the process. We can show you ways to maximize your finances and unlock future opportunities. Spire Financial keeps you in control of refinancing, debt consolidation, and home equity. Together, we can achieve your financial goals.



Spire Financial, a division of AmeriFirst Financial, Inc., 1550 E. McKellips Road, Suite 117, Mesa, AZ 85203 (NMLS # 145368). 303-595-0110. © 2022. All Rights Reserved. This is not an offer to enter into an agreement. Not all customers will qualify. Information, rates, and programs are subject to change without prior notice. All products are subject to credit and property approval. Not all products are available in all states or for all loan amounts. Other restrictions and limitations apply. AmeriFirst Financial, Inc. is an independent mortgage lender and is not affiliated with the Department of Housing and Urban Development or the Federal Housing Administration. Not intended for legal or financial advice. Visit for all state licenses information. Visit NMLS Consumer Access at

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