Down Payment Assistance programs do exist. The terms and conditions vary by the provider. I would advise buyers that need to take advantage of these programs:

  • Obtain a commitment from the DPA in writing in advance before making offers.

  • Disclose to your lender and Realtor that you plan to use this funding.

  • As always make sure you can Qualify.

If you can qualify, this can be presented to the seller and be a powerful tool. It also  can be a nightmare and cause problems if done incorrectly.