@james_mortgage_answers: Before you say “Yes” to DPA, watch this… 💸 Is there a 2nd loan that needs to be repaid? Most DPA programs aren’t free money; you often have to pay it back when you sell or refinance (sometimes with interest). 📈 What’s the interest rate + are there extra fees? DPA loans usually come with higher rates and added lender fees. Make sure you’re not overpaying just to get assistance. 🚫 Are there income limits? Bigger assistance = stricter income caps. Programs like Dream for All sound great, but many buyers get priced out because they earn “too much.” #downpaymentassistance #homebuyertips #mortgagetips #firsttimehomebuyer #dpa

James Dinh | Mortgage Answers

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Wednesday 16 July 2025 20:28:09 GMT