FinancingHomebuying Glossary
Down Payment Assistance
Also known as DPA
Grants, loans, or programs that help cover some or all of your down payment and closing costs.
In plain English
DPA programs — run by states, cities, nonprofits, or employers — provide funds toward your down payment or closing costs, often as a grant, a forgivable loan, or a low-interest second loan.
Why it matters
Many first-time buyers don't realize how much assistance is available in their area — it can meaningfully shrink the cash you need saved before buying.
Where you'll run into it
Guides and tools on TheBuyingPath that cover down payment assistance in context.
Related terms
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