Down Payment Assistance
Down payment assistance (DPA) programs help cover the upfront costs of buying a home, reducing or eliminating the need for personal savings at closing.
Min. Down Payment
Some programs cover 100% of required down payment
Credit Guidance
Varies by program; typically 620+ for most DPA programs
Income / DTI
Most programs have income limits based on household size and area median income
Occupancy
Primary residence only
Property Types
Down payment assistance (DPA) programs help eligible homebuyers cover the upfront cost of purchasing a home — specifically the down payment and sometimes closing costs. These programs come from a variety of sources: state housing agencies, local governments, nonprofit organizations, and lender-specific programs. DPA is not always free. Some programs provide grants that do not require repayment. Others provide deferred-payment second mortgages (no payment until you sell or refinance) or low-interest second mortgages with ongoing payments. Understanding the structure of a DPA program is important when evaluating its true cost. Eligibility requirements vary but typically include income limits, purchase price limits, and sometimes a first-time buyer or three-year non-ownership requirement. Most programs require the home to be a primary residence. Program availability and funding change over time. We stay current on available options in Utah and can help you identify programs you may be eligible for during the pre-approval process.
Key Benefits
- Can reduce or eliminate out-of-pocket cash needed for down payment at closing
- Grant options are available through some programs — no repayment required
- Many programs are designed to work with FHA, USDA, or conventional first mortgages
- Multiple programs may be available depending on your location and income
Considerations
- Program funding can be limited — availability may change
- Income and purchase price limits typically apply
- Some DPA programs require repayment if you sell or refinance within a specified period
- Not all DPA programs are grants — many are deferred or low-interest second mortgages
- First mortgage eligibility requirements still apply
Frequently Asked Questions
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Mia can explain this public overview and help you prepare questions for a loan officer. Current terms and eligibility need individual confirmation.
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Work Hard Mortgage · NMLS #2396714 · Equal Housing Opportunity · Licensed in Utah. Program availability and guidelines may change. Final eligibility depends on credit, income, assets, property type, occupancy, and underwriting approval.