Do borrowers struggle with down payment and closing costs?
MortgageDepot has the answer for you with our New FHA Down Payment Assistance Program
FHA Down Payment Assistance Program (DAP) is a competitively priced government loan program that does not require a minimum down payment from the borrower, this program provides a choice of a 3%, 4% 5% or 6% Down Payment Assistance.
- No First Time Home Buyer Restrictions
- Lesser of FHA County Loan Limit or $510,401
- Manufactured Housing
- 640 Minimum Credit Score
- 140% Area Median Income
- 1 – 4 Units
Contact one of our loan experts for more information.