Rate Advantage

  • FHA product ONLY
  • 30 Year Fixed FHA First Mortgage
  • Zero dollars required from borrower for down payment
  • Qualifying income is borrower qualifying income only
  • Available for borrowers with income at or below 115% of AMI(search AMI by county)
    • Assistance available at 3.5% (rounded to the next highest dollar – do not round down) of the lower of the purchase price or appraised value
    • Structured as a 10-year repayable 2nd at 8% interest
    • A monthly payment is required
  • No concurrent homeownership 
  • Minimum FICO: 640
  • Max DTI: 50%
  • 1 unit only
  • Homeownership counseling not required

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.