FHA Down Payment Assistance
For first-time buyers using an eligible FHA loan, the DPA Advantage grant can cover your 3.5% down payment. Many buyers come to the table with $0 down out of pocket.
The bottom line
DPA Grant + 3.5% FHA Down = 100% Financing
The grant covers your FHA down payment — so you can buy with $0 down out of pocket.
For Realtors
Estimated $15,000 more kept at year five
In the illustrated comparison, the difference isn't just getting your buyer in the door — it's what they may still keep later if they move, refinance, or sell.
No deferred second mortgage
No lien attached
Nothing owed in the illustrated example if sold or refinanced before year 11
Ask Rodney for the side-by-side| Illustrated year-five comparison | DPA Advantage | NC Housing example |
|---|---|---|
| Sale price | $341,650 | $341,650 |
| Mortgage payoff | −$273,100 | −$273,100 |
| Cost of sale (6%) | −$20,499 | −$20,499 |
| Assistance payoff | $0 | −$15,000 |
| Cash to client | $48,051 | $33,051 |
In this illustrated scenario, the difference is the $15,000 payoff obligation attached to the NC Housing example, which is why the buyer keeps an estimated $15,000 more at year five.
Illustrative comparison only. Assumes approximately 2.7% annual appreciation and 6% cost of sale. Individual results will vary.
Illustrative comparison based on one example scenario against an NC Housing $15,000 DPA example — not a quote, offer, or guarantee. Actual results depend on the loan, purchase price, and current program terms.
What you get
DPA Advantage adds real cash toward your purchase. Here's what sets it apart from a second mortgage.
Real cash toward your purchase, based on the purchase price.
It's a grant. There's no monthly payment and nothing to pay back.
Nothing new is recorded against your property.
Pairs with FHA 203(b) and many FHA renovation programs.
The seller can cover up to 6% of your closing costs.
The minimum qualifying middle credit score is 620.
I coordinate the application, approval, and funding for you.
The math
FHA lets you finance 96.5% of the price and asks for 3.5% down. With the 3.5% grant option, DPA Advantage covers that down payment — so the full purchase price is accounted for.
Who qualifies
You may qualify if your household income is at or below 140% of the area median income, you're a first-time home buyer, and you fit one of these:
Police, fire, EMS, or similar — current, retired, or volunteer.
Teachers and school staff.
Nurses, doctors, hospital & Red Cross workers.
Federal, state, or local government.
Active, reserve, or veteran.
Property in a qualifying census tract.
You're planning to become one of the above roles.
Your loan officer