DPA Advantage: Down Payment Assistance to Realize Your Homeownership Dreams
In this guide, we’ll explain how UMortgage’s DPA Advantage program works, who qualifies, and how it can help first-time buyers achieve homeownership with less out-of-pocket cost and no strings attached.
Interested in seeing if you qualify?
Let's Find Out!
What is DPA Advantage?
- A grant equal to 2% or 3.5% of the home’s purchase price
- No repayment ever—this is not a second lien
- Lower monthly costs and no added loan balance
- Potential access to lower interest rates if less assistance is needed
Quick Answer
DPA Advantage helps you purchase your first home with less upfront cash, and you’ll never need to repay the assistance.
Why Consider DPA Advantage?
Here’s why many first-time homebuyers choose to buy with UMortgage’s Down Payment Assistance program:
True Down Payment Assistance
Whether you need a small boost or the full 3.5% towards your down payment, this grant allows you to save your hard-earned cash for other expenses like closing costs, moving, or even furnishing your new home.
No Repayment Required
Yes, you read that right. There’s no second lien, no monthly payments, no repayment of the assistance at all, even if you sell or refinance.
Can Be Combined With FHA Loans
Still working on increasing your credit? No problem. DPA Advantage can be combined with an FHA loan, including FHA 203(k) for homes that require renovations.
Flexible Options
Don’t need the full 3.5%? You can get 2% down payment assistance and also access lower interest rates.
Pro Tip
Ask your UMortgage Loan Originator about combining this program with seller concessions to dramatically reduce what you owe at closing.
How to Qualify for DPA Advantage
Credit Score
620 minimum
Income Limit
Total income must be ≤ 140% of your area’s median income (AMI)
Homebuyer Status
Must be a first-time homebuyer or must have not owned a home in the last 3 years.
Loan Type
Conventional & FHA
How Does DPA Advantage Compare to Other DPA Programs?
DPA Advantage
Other DPA Programs
How to Apply for our DPA Advantage Program
Check Your Eligibility
We’ll assess your credit score, income, and homebuyer history to confirm qualification.
Select the Grant Amount
Choose either 2% or 3.5% assistance based on what you need and whether you want a lower rate.
Structure Your Loan
We’ll pair the grant with an FHA loan—standard or renovation—and explore additional savings like seller credits.
Close With Confidence
Your down payment grant is applied at closing—no lien, no repayment, just homeownership made easier.
Frequently Asked Questions
Wondering if a down payment assistance grant makes sense to you? Get clear, expert answers to the most common questions—cost, timing, benefits, and more!
Here's Why UMortgage is Your Best Choice
Relationships, Not Transactions
We’re here for more than just your mortgage. We’ll stick with you beyond closing to help you gain financial freedom through homeownership.
Local & Nationwide Expertise
With licensed loan officers across the country and deep knowledge of your local market, we’ll help you buy with confidence anywhere you call home.
Fast, Transparent Closings
We communicate with you every step of the homebuying or refinance process so you can close quickly without any hidden fees or surprises.