Down Payment Assistance Programs
Fulfilling dreams with honest, tailored mortgages and superior service
At Choice Mortgage Group, we believe every qualified homebuyer deserves the opportunity to own a home — even if saving for a down payment has been a challenge. That’s where down payment assistance (DPA) comes in.
We offer access to a range of DPA programs designed to help make homeownership more affordable. Whether you’re buying your first home or returning to the market after a few years, our team is here to help simplify the journey — with empathy, expert guidance, and unmatched service every step of the way.
What Is Down Payment Assistance?
Down payment assistance helps qualified homebuyers cover the upfront costs of purchasing a home — often with little to no out-of-pocket cash required. These programs can come in the form of:
Forgivable loans
Deferred payment loans
Grants
Matched savings programs
They’re typically offered by state housing finance agencies, local governments, nonprofits, and participating lenders like Choice Mortgage Group.
Who Qualifies?
Most down payment assistance programs are designed for:
- First-time homebuyers (defined as someone who hasn’t owned a home in the past three years)
- Buyers purchasing a primary residence
- Households that meet income and purchase price limits
- Those willing to complete a homebuyer education course
Some programs also require a minimum length of occupancy (often 5 years for full loan forgiveness).
Why It Matters
You shouldn’t have to wait years to save up a large down payment. With the right program and the right team behind you, homeownership may be closer than you think. We’re homeowners too, and we know the process inside and out — which means we can help guide you through every option available with white-glove service and transparency.
Down Payment Assistance FAQs
Do I have to be a first-time buyer to qualify
Not always. Some programs are also open to repeat buyers who haven’t owned a home in the last three years. Others may offer expanded eligibility for veterans, educators, or those buying in targeted areas.
Will down payment assistance impact my loan choice
Many programs can be used alongside FHA, conventional, and even USDA loans. Your loan officer will help match the right DPA program with your loan type.
How much assistance can I receive
It depends on the program, but assistance can range from a few thousand dollars to cover part of your down payment — all the way up to 5% of your home’s purchase price.
Can down payment assistance cover closing costs too
Yes, some programs allow funds to be used toward closing costs in addition to the down payment.
How long does it take to apply and get approved
Timelines vary by program, but your Choice Mortgage Group loan officer will make the process as efficient and streamlined as possible.
Is repayment required
Some assistance is fully forgivable after a period of occupancy, while other programs may require repayment only if you sell or refinance within a certain time frame. We’ll walk you through each detail before you commit.
Ready to Explore Your Options?
We’re here to help you access every opportunity available. Start your pre-approval today or speak with a local loan officer to find out which down payment assistance program fits your situation best.