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HI, I'M
Russell Elam

Your DPA Loan Expert!

Dreaming of owning a home but unsure about upfront costs?
A Down Payment Assistance (DPA) loan could be your ideal solution!
Who is this mortgage loan for?
*subject to conditions
"Guaranteed Rate, Inc. has no affiliation with the US Department of Veterans Affairs. Conditions apply."
OUR REVIEWS

We Have Helped Thousands Of Home Buyers Just Like You!

567,123 reviews
From real customers like you
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Bethlehem, Georgia

09/08/2022
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First off Fabion was amazing, he listened to mine and my wife's concerns about refinancing our home because we had heard alot of horror stories about refinancing our home. Fabion walked my wife and I through the whole process, was always by our side every step. He made the whole process effortless and addressed every concern and every question we had along the way. Fabion was always smiling during our refinance as we did a lot of it through video chat which that in itself made it amazing and we are super blessed to have someone so detail oriented to handle our refinance. Fabion is going to be helping us purchase a new home in the near future. We highly recommend Fabion Medhanie if you are looking for a professional to help you refinance or purchase your new home whether it's your dream home or your first home. Fabion will make it an experience worth remembering!!!!“ Lorem ipsum dolor sit amet consectetur. Amet nunc sagittis metus libero aliquet eget. Facilisis dignissim purus enim eu. Feugiat nam turpis faucibus faucibus ullamcorper morbi diam viverra a. ”

Bethlehem, Georgia

09/08/2022
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“ Lorem ipsum dolor sit amet consectetur. Amet nunc sagittis metus libero aliquet eget. Facilisis dignissim purus enim eu. Feugiat nam turpis faucibus faucibus ullamcorper morbi diam viverra a. ”

Bethlehem, Georgia

09/08/2022
FEATURES & BENEFITS

Finally, A Better Home Buying Solution For Low-Income Buyers

DPA, or Down Payment Assistance, helps homebuyers with upfront costs and offers significant benefits. These loans offer notable advantages that can greatly benefit individuals in their homebuying journey.

Down payment assistance

A DPA loan eases home purchase by assisting with the down payment, making homeownership more accessible and affordable for many.

No monthly payments

DPA loans offer a more budget-friendly alternative for borrowers facing challenges in saving for a down payment, as they eliminate the need for monthly payments.

No interest charges or prepayment penalties

DPA loans, which neither accrue interest nor impose prepayment penalties, can significantly reduce the overall cost for borrowers and provide the flexibility to pay off the loan early without incurring extra fees.

Widely available

DPA loans are widely available through various government programs, non-profit organizations, and other lending institutions.

Savings, if any, vary based on the consumer’s credit profile, interest rate availability, and other factors. Contact Guaranteed Rate for current rates. Restrictions apply.

HOW IT WORKS

Unlock The 5 Keys To Navigating Your DPA Loan!

Ready to make the most of your DPA Loan?
Dive into our 5-part video series to discover how to navigate the process like a pro. 🚀

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HOW IT WORKS

How much will your loan cost?

With a DPA loan, you can get a portion, or all of your down payment covered, which means you don't have to come up with as much money out of pocket.

Enter your loan pricing needs below and we’ll calculate your estimated loan payment.

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Your estimated monthly payment

$4566

This result is just an estimate. For a more detailed report Schedule a complimentary consultation today.

This is not a commitment to lend. Consumers are advised to obtain a Loan Estimate. Rates are subject to change and are dependent on credit and underwriting criteria.

Your actual rate, payment and costs could be higher. Guaranteed Rate cannot predict where rates will be in the future. Sample rate provided for illustration purposes only and is not intended to provide mortgage or other financial advice specific to the circumstances of any individual and should not be relied upon in that regard. Applicant subject to credit and underwriting approval. Not all applicants will be approved for financing. Receipt of application does not represent an approval for financing or interest rate guarantee. Restrictions may apply, contact Guaranteed Rate for current rates and for more information. All information provided in this publication is for informational and educational purposes only, and in no way is any of the content contained herein to be construed as financial, investment, or legal advice or instruction. Guaranteed Rate does not guarantee the quality, accuracy, completeness or timelines of the information in this publication. While efforts are made to verify the information provided, the information should not be assumed to be error-free. Some information in the publication may have been provided by third parties and has not necessarily been verified by Guaranteed Rate. Guaranteed Rate, its affiliates and subsidiaries do not assume any liability for the information contained herein, be it direct, indirect, consequential, special, or exemplary, or other damages whatsoever and howsoever caused, arising out of or in connection with the use of this publication or in reliance on the information, including any personal or pecuniary loss, whether the action is in contract, tort (including negligence) or other tortious action.

APPLICATION PROCESS

We Simplify The Process, So You Can Maximize Your Results

If you’re looking to buy a new home, but not sure you can afford the down payment and closing costs, a DPA Loan could be right for you. To get started, you’ll just need to follow a few simple steps:

1

Initial Documentation

First you'll need to provide information about your income, employment history, and credit score to your mortgage advisor. You'll also need to provide documentation showing that you meet the eligibility requirements for the DPA program you're applying for.

2

Application Review

Once you've completed the application and provided all the necessary documentation, your lender will review your application and determine whether you qualify for a DPA loan.

3

If you're approved, you'll receive an offer outlining the terms of the loan, including the interest rate, repayment period, and any other fees or charges.

Applicant subject to credit and underwriting approval. Not all applicants will be approved for financing. Receipt of application does not represent an approval for financing or interest rate guarantee. Restrictions may apply.

SCHEDULE CONSULTATION

Ready to apply for your VA Home Loan?

SCHEDULE CONSULTATION

Ready to apply for a DPA Loan?

Getting approved for a DPA Loan begins with taking a look at your unique situation and then building a roadmap to help get you to homeownership. Schedule a consultation today to start!

QUESTIONS & ANSWERS

We’re Here To Find You The Answers You Need

Do I need to save for a 20% down payment?
What's the difference between an adjustable and a fixed rate mortgage?
What is Private Mortgage Insurance (PMI)?
Can I access my home equity before I finish paying off my loan?
GET QUOTE

Want to learn more about DPA Loans?

Starting your road to homeownership is literally a click away. Start today!

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Getting approved for a VA loan begins with taking a look at your unique situation.

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