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Down Payment Assistance (DPA)

We know some potential homebuyers could really use a little help with their down payment.

Preferred Rate has access to 5 National DPA programs, in addition to hundreds of programs that can help buyers in specific geographic areas.

Talk to your loan advisor about regional assistance programs that may help you buy your home.

Get pre-approved in minutes
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A welcoming living room with a fireplace, wall-mounted TV, and elegant decor, ideal for relaxing and entertaining in a cozy home setting.

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Trusted financial services logo for competitive loan and mortgage rates.

Top military lender

NMP

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The Preferred Rate logo displayed on a financial services platform emphasizing competitive mortgage and loan options.
Preferred Rate logo on a professional financial website.
Trusted financial services logo for competitive loan and mortgage rates.

Top mortgage lender

Scotsman guide

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The Preferred Rate logo displayed on a financial services platform emphasizing competitive mortgage and loan options.
Preferred Rate logo on a professional financial website.
Trusted financial services logo for competitive loan and mortgage rates.

5-Star Lender

MPA

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The Preferred Rate logo displayed on a financial services platform emphasizing competitive mortgage and loan options.

TOP LENDER

CALHFA

TOP EMPLOYER

DIVERSITY JOBS

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Trusted mortgage services by Preferred Rate for competitive rates and expert guidance.

TOP 100 MORTGAGE COMPANIES

MORTGAGE EXECUTIVE

5-STAR LENDER

Mortgage Professional America

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The Preferred Rate logo showcases a professional financial services brand specializing in mortgage and loan solutions.

TOP 250 LATINO MORTGAGE ORIGINATORS

NAHREP

MOST LOVED MORTGAGE EMPLOYERS

NMP

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TOP MORTGAGE LENDER

Scotsman Guide

TOP MILITARY LENDER

NMP

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Trusted mortgage and financial services provider logo for optimal home loan solutions.

TOP 15 VA LENDER

Scotsman Guide

Product highlights

  • Assistance available for down payment and closing costs
  • Grant and second mortgage options available
  • Programs available nationwide and regionally
  • Available for first-time and repeat buyers (program dependent)
  • Income limits may apply (program dependent)
  • Forgivable and repayable structures available
  • Designed to reduce upfront cash needed to purchase
Borrower advantages
  • Get their dream home now - don’t wait to save for a down payment
  • Available for first-time or repeat homebuyers, co-borrowers don’t have to live in the property
  • With low down payment options, cancelable mortgage insurance and more, homeownership can be more affordable
  • Some options do not need to be paid back if requirements are met
Realtor advantages
  • Get more buyers into homes with DPA loan options
  • Expand your reach with additional programs that provide flexibility and financing alternatives
  • Low down payment and DPA programs enable homeownership faster reality for many
Preferred Rate helps first-time homebuyers with easy mortgage options.
Jessica Thompson shares her positive experience with Preferred Rate for her first home purchase.

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