DPA Edge

You do not need to be a first time home buyer to use this program

  • FHA product ONLY
  • 30 Year Fixed Mortgage Term
  • Zero dollar down payment required from buyer
  • No Income Limit
  • No First Time Home Buyer Requirement
  • Non Occupant Co Borrowers Allowed
  • Not Required to sell Current Home(FHA requirements still applicable)
  • MAX DTI upto 57% depending on FICO score
  • DPA structured as a 2nd lien that is either forgivable or repayable
    • 3.5% assistance (rounded to the next highest dollar- do not round down) of the lower of the purchase price or appraised value
      • Forgivable 2nd for income at or below 115% of AMI(search AMI by county)
        • 30-year term, forgiven after 36 consecutive timely payments on the FHA 1st mortgage
        • There are no payments on the 2nd mortgage
        • 0% interest rate
      • Fully amortizing 2nd for income above 115% of AMI with two options
        • 10-year repayment with 0% interest rate 
        • 30-year repayment with 5% interest rate
  • Minimum FICO: 620
  • 1-2 units permitted(Duplexes Allowed)
  • Borrowers with credit scores between 620-639 required to take homeownership counseling:

Example Programs by Credit Score

(click program name for details)


FHA 100 Down

Good Neighbor Next Door


DPA Edge


Rate Advantage

HR 97

Standard 97

HFA Preferred Startup

HFA Preferred Stepup

HFA Advantage Startup

HFA Advantage Stepup


FHA Startup 650

FHA Stepup 650


Springboard FMHR

Springboard FM over95-97

Springboard FM under-95 LTV


FAHE FM over95-97

FAHE FM under-95 LTV

DPA Edge DTI-over-50-percent

FHA Startup 660

FHA Stepup 660



HFA Preferred Risk Sharing


This is not an offer to enter into an agreement. Information, rates, & programs are subject to change without prior notice
and may not be available in all states. All products are subject to credit & property approval. DownPayment.cool and DownPayment.mobi is not affiliated with any government agency.