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Mortgage Glossary

Down Payment Assistance (DPA)

Mike Starr·Reviewed August 2026

Down payment assistance programs provide grants, loans, or tax credits to help eligible homebuyers cover their down payment and sometimes closing costs. These programs are offered by state and local governments, housing agencies, nonprofits, and some employers. Eligibility often depends on income limits, purchase price limits, and whether the buyer is a first-time homebuyer.