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Down Payment Assistance

Are you a first time homebuyer looking to purchase a house, but unsure how to fund the down payment? Our team is knowledgeable about the down payment assistance loans, programs, and grants available, and will work with you to determine if down payment assistance is the best solution for funding the upfront costs of your home.

Types of Down Payment Assistance Programs

First time homebuyers may be eligible for several down payment assistance programs. Down payment assistance (DPA) programs may be government funded or private. Government down payment assistance programs are financial programs offered by federal, state, or even local governments. DPA opportunities, like the City of Philadelphia’s Division of Housing and Community Developmentā€™s Philly First Home Program, are designed to help first time buyers become successful homeowners.  

As a participating lender with the Pennsylvania Housing Finance Agency (PHFA), Quaint Oak Mortgage provides borrowers access to the K-FIT and Keystone Advantage programs, which offer down payment and closing cost assistance. The First Front Door program through the Federal Home Loan Bank of Pittsburgh is another option available to first time buyers, providing additional support to those who qualify. 

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How a Homebuyer Program Could Benefit You

At Quaint Oak Mortgage, we understand that affordable financing is crucial for all homebuyers, whether they are first time buyers or not. That’s why we offer multiple homebuyer programs designed to help qualifying borrowers obtain the funding they need. HomeReady and Home Possible are two such programs with low down payments, competitive rates, and reduced private mortgage insurance coverage requirements for homebuyers who meet the income limits and other program guidelines. 

In addition, government programs such as FHA, VA, and USDA financing provide low-to-no down payment options for eligible borrowers. Our experienced mortgage bankers can guide you through the selection process to help you choose the best program for your unique situation. 

Work with Quaint Oak Mortgage for Down Payment Assistance

Quaint Oak Mortgage has a range of solutions to make your dream of homeownership a reality. Whether you’re looking for down payment assistance options or affordable mortgage programs, our team of experienced professionals are dedicated to finding the right solution for you. Contact us today to get started.