Down Payment Assistance Program (DPA)

Down-Payment Assistance Program (DPA Program) info:

DOWNLOAD PROGRAM FACT SHEET HERE

  • This program was designed to mitigate the upfront cost of the MCC PROGRAM and must be used in conjunction with it.
  • Use of the program can allow the buyer to close with no money down and provides up to $5,000 towards down payment and closing costs.
  • This DPA funds serve as upfront tax credit funds and must be repaid to GHFC within three tax seasons from closing. Basically we give the buyer access to two and a half years of the $2,000 tax credit at closing to simplify the issue of closing funds. Since the tax credit is obtained every year at tax time, we base the repayment around tax time.
  • Buyer has three years to repay the DPA funds without penalty.