Down Payment Assistance programs are created to bridge the gap between a borrower’s savings and the upfront costs associated with purchasing a home. Depending on the program, assistance may be provided in the form of grants, forgivable loans, deferred-payment loans, or low-interest second mortgages. These options can significantly reduce the amount of money needed at closing, allowing borrowers to purchase a home sooner than they may have thought possible.

Many DPA programs are available to first-time homebuyers, although some programs may also be available to repeat buyers who meet specific eligibility requirements. Qualifications can vary based on income, property location, purchase price limits, and other factors. Sean Bemis works closely with borrowers to evaluate available opportunities, explain program requirements, and guide them through the application process to maximize available benefits.