Down Payment Assistance Program

Direct Mortgage Loans offers down payment assistance programs for creditworthy, low- and moderate-income individuals in the US. Our goal is to help you attain your homeownership dreams through access to home loan programs. Please reach out to us for your free consultation today if this interests you. We look forward to working with you!

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Down Payment Assistance


What is down payment assistance?

Down payment assistance is a type of financial assistance that helps homebuyers cover the upfront cost of purchasing a home. Typically, the largest upfront cost of buying a home is the down payment, which is a percentage of the total purchase price that the buyer must pay upfront.

Who can qualify for down payment assistance?

The eligibility requirements can vary depending on the specific program and the organization providing the assistance. However, there are some common eligibility criteria that many programs share. Here are some factors that may affect your eligibility for down payment assistance:

  • Income: Eligibility is often based on the buyer’s household income, which is typically defined as the total income earned by all members of the household.
  • Credit Score: Some programs require a minimum credit score in order to qualify. This is because lenders generally have minimum credit score requirements for mortgage loans, and programs often have similar requirements.
  • First-Time Homebuyers: Many programs are specifically designed for first-time homebuyers.
  • Property Type and Location: Some programs may only be available for certain types of properties or in certain geographic areas.
  • Residency Status: Some programs are only available to U.S. citizens or permanent residents, while others may be available to anyone who is legally authorized to live and work in the United States.

It’s important to note that these are just general guidelines, and the specific eligibility requirements for down payment assistance programs can vary widely. If you’re interested in down payment assistance, you should research the programs that are available in your area and contact the organizations that offer them to learn more about their specific eligibility requirements.

Each homebuyer and down payment assistance program will have its own set of eligibility criteria and qualifications. Our professional loan officers are here to provide information about various programs and answer any questions you might have. We’re dedicated to helping you get through the loan application process quickly and efficiently.

Contact us today for more information!

How does down payment assistance work?

Down payment assistance is a type of program designed to help homebuyers with their down payment and/or closing costs. The way it works can vary depending on the specific program, but generally, down payment assistance programs offer grants, loans, or a combination of the two.

What are the different types of down payment assistance programs?

There are several different types of down payment assistance programs that can help homebuyers with their down payment and/or closing costs. These include:


Some down payment assistance programs offer grants that do not need to be repaid. These grants are usually provided by non-profit organizations or government agencies and are often available to first-time homebuyers who meet certain income and credit requirements. The grant money could be used to cover the down payment and/or closing costs.


Other programs offer loans that do need to be repaid, but with more favorable terms than a typical mortgage loan. For example, some down payment assistance loans may have a lower interest rate or a longer repayment term. In some cases, the loan may be forgivable, meaning the borrower does not have to repay it if they meet certain conditions, such as living in the home for a certain number of years.

Combination of Grants and Loans

Some programs offer a combination of grants and loans, which can help homebuyers with both the down payment and closing costs.

To qualify for down payment assistance, homebuyers typically need to meet certain criteria, such as having certain income, purchasing a home in a certain area, and completing homebuyer education or counseling. The specific requirements can vary depending on the program, so it’s important to research the options available in your area. You can also contact one of Direct Mortgage Loans’ knowledgeable loan officers. They’ll be more than happy to answer any questions you may have and help guide you to making an informed choice.

See how much you can afford.

Your approval amount will give you an estimate on how much house you can afford.

Where can I find down payment assistance?

There are several resources where you can find down payment assistance programs in your area. Here are some options:

  • Housing Counseling Agencies: HUD-approved housing counseling agencies can provide information and guidance on down payment assistance programs in your area. You can find a list of HUD-approved housing counseling agencies on the HUD website.
  • State Housing Finance Agencies (HFAs): Many states have their own Housing Finance Agencies that offer down payment assistance programs. You can find a list of state HFAs on the National Council of State Housing Agencies website.
  • Local Government Websites: Some cities and counties have their own down payment assistance programs. You can check your local government’s website to see if they offer any programs.
  • Non-Profit Organizations: Some non-profit organizations offer down payment assistance programs for low-to moderate-income homebuyers. You can search for non-profit organizations in your area that offer down payment assistance programs.
  • Lenders: Some lenders offer down payment assistance programs to their customers. It’s worth checking with your lender to see if they offer any programs or if they can refer you to any available programs in your area.

Contact a mortgage lender near you!

How much down payment assistance can I get?

The amount of down payment assistance you can receive depends on several factors, including the program you’re applying for, the area you’re buying a home in, and your personal financial situation.

In general, down payment assistance programs provide a percentage of the home’s purchase price as assistance, typically ranging from 3% to 10% of the purchase price.

It’s also important to note that most programs have limits on the total amount of assistance that can be provided, so you may not be able to receive the full amount that you’re eligible for. In addition, some programs may require you to contribute a certain amount of your own money towards the down payment or closing costs.

Are you wondering how much down payment assistance you may qualify for? To find out how much help is available in your area, research the programs in your location and contact a Direct Mortgage Loans loan officer near you. Our experienced professionals are here to provide guidance and answer any questions you may have during the application process.

How long does it take to get down payment assistance?

The time it takes to receive down payment assistance can vary depending on the program and the individual circumstances of the homebuyer. In general, the process of receiving down payment assistance involves several steps, including applying for the program, providing documentation and information, and going through the underwriting process.

The application process could take several weeks, as you’ll need to gather and submit various documents, such as income verification and tax returns. The underwriting process can also take time, as the lender or program administrator reviews your financial information to determine your eligibility for the program.

Once you’re approved for down payment assistance, the actual disbursement of the funds can also take some time. In some cases, the funds may be provided to you at the closing of the home sale, while in other cases, they may be sent directly to the escrow account.

Overall, the time it takes to receive down payment assistance can range from a few weeks to several months. It’s important to apply for the program as early as possible and to communicate with your lender or program administrator throughout the process to ensure a smooth and timely closing.

Down Payment Assistance Programs by State, Available Through Direct Mortgage Loans

Down Payment Assistance programs Map

Delaware State Housing Authority (DSHA)

Florida Housing Finance Corporation

Lakeview DPA

Lakeview DPA

*Excluding Cook County, IL

Lakeview DPA 

Lakeview DPA 

Lakeview DPA 

Lakeview DPA 

Nevada Housing- Home First DPA

Nevada Rural Housing- Home at Last 

Nevada Culinary

Lakeview DPA 

North Carolina Housing Finance Agency (NCHFA) 

Ohio Housing Finance Agency-Communities First 

Lakeview DPA 

South Carolina Homeowner Rescue Program 

Lakeview DPA 

Texas State Affordable Housing Corporation (TSAHC) 

Lakeview DPA 

Lakeview DPA 

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Nicole DavidsonNicole Davidson
03:22 07 Jan 23
Direct mortgage lending company is a comprehensive wraparound service that provided us with support from beginning to end in the procedures of pursuing our new home. I would recommend them to anyone, especially if the person is a first time home buyer. The processes are user-friendly, and questions are encouraged while answers are provided in a timely fashion. Kolleen was a true support every step of the way!! What an amazing team!! Thank you to Caleb, Kyle, Veronica, Jennifer, and Jen, and all the members of the team who helped make my dreams. Come, true! And even though I know that my realtor is not a part of this team, it was because of her that this team came into my life. Enough cannot be sad for such a comprehensive network of people working in the real estate business. The housing market is better for individuals like this that have this level of dedication.
Sydney OakesSydney Oakes
19:46 05 Dec 22
Meagan Gray is amazing at what she does. Very knowledgeable, helpful, and quick at helping you through the stressful process of home buying. She made it a breeze for my boyfriend and I, who had never bought a house before.
Nea DeniseNea Denise
20:15 15 Nov 22
Andy Cynthia &Rachel are a mega team! They did everything they said they’d do to make sure we closed! We appreciate them so much for making homeownership a reality for us. We highly recommend their services!
20:01 02 Nov 22
A personal thank you to Corey Glowacki, you are awesome!! thank you to the whole team for all that you do!!! you all were wonderful!! you have made this such a positive experience for me! you guys are true professionals!!!
Angela MoralesAngela Morales
13:35 28 Oct 22
The team at Amy Wolff of Direct Mortgage loans was amazing to work with. The app for your phone makes everything so easy! They keep the lines of communication open and check in often. They got the loan closed on time and with not stress. Call them, you will be glad you did.
Meaghan LoyMeaghan Loy
22:39 19 Jul 22
11/10 for the group at DML. Savannah and Cynthia were my team and they made the entire process as painless as possible. They texted me helpful reminders and emailed me everything I needed to help me keep track. This was literally the least stressful part of buying a home which is kind of wild! I'm a single mom so the home shopping and buying process was overwhelming but I had these two amazing women cheering me on in the background and I wish they could help me with everything!
ny williamsny williams
01:20 23 Jun 22
Wanna talk about fast,detailed,and efficient?!You've definitely found the right mortgage company Mrs Vanessa and her team made my loan process quick and easy! I definitely couldn't have asked for better assistance, they truly came through for my family and i.
Larry LawsonLarry Lawson
18:01 08 Jun 22
The is a very professional company. The beginning with Monica was so smooth and she is a super person to work with throughout the whole process. Misty was fantastic and kept us informed the entire time. They always return your calls and constantly reassure you at all times. Janeth was great to work with at the end. Overall highly recommend this company to anyone who wants a honest and stress free loan.
Joe McKenzieJoe McKenzie
02:53 05 Nov 22
Corey was extremely helpful and knowledgeable about the entire mortgage process. She helped me to secure a lower rate than I expected and was very friendly throughout everything. I have already referred several friends to her and will continue to do so in the future. Choosing anyone else for your mortgage needs would be a major mistake and will cost you a lot of money in the long run. I trust her and will continue to do business with her ANY time I need a mortgage in the future.
Megan McGrawMegan McGraw
17:20 21 Oct 22
I can’t say enough good things about Corey and the DML team. We inquired about refinancing on a whim and Corey and her team did not disappoint! They communicated consistently and answered all my questions quickly. Very smooth transaction and overall an excellent experience. I have recommended Corey to several people and will continue to do so!
Melissa LarkinsMelissa Larkins
20:27 20 Oct 22
Corey and her team were with us every step up of the way. They worked diligently to make sure that we were able to have a quick closing (less than a month) and patiently guided us through the process of applying and securing necessary documents. Corey and her team responded promptly to our questions and ensured that we understood the process. During our interactions, they demonstrated professionalism but also were personable and seemed to be as excited as we were to buy our house. I highly recommend contacting Corey to assist you with your mortgage needs.
Crystal WittCrystal Witt
01:52 20 Oct 22
Corey was amazing...our Journey began 2 years ago. My credit score was poor and needed work. Corey kept in contact throughout, letting me know what was hurting my score and helped my husband and I get to where we needed to be to obtain a mortgage. I was a first home buyer and unfamiliar with the steps and process. Corey was amazing,patient and very informative answering all my questions. Today,after our 2 year journey, my husband and I closed on our first home!!!! Thank you so much to Corey and her team!! They are amazing, I would highly recommend her wether it be first home,or refinancing!! It has been a pleasure working with her!!(closing was pushed back some,but no fault to Corey and her team) Together with Corey and her team WE DID IT!!!
Devon PottsDevon Potts
21:59 19 Oct 22
It was a pleasure working with Corey. She was so wonderful and gracious to me throughout the entire process. Corey was friendly, knowledgeable, and accessible. She kept me in the loop and was readily available when I reached out to her. Corey definitely helped to make my family and I home buying experience go smoothly. If you're looking for a great home buying experience I highly recommend her services to you.
Nikki KarraschNikki Karrasch
14:39 12 Jan 22
Corey is great! She helped us with our mortgage for the purchase of our home. We could not have asked for a more responsive team! Every step of the way we received updates and always knew where our loan was in the process. We closed on time and without any issues. I definitely recommend Corey if you are looking for a mortgage professional!

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