Government
FHA DPA (100% Financing)
Dreaming of homeownership but struggling with the down payment? CMRE's FHA DPA (100% Financing) program can make your dream a reality. With an FHA DPA loan, qualified borrowers can finance 100% of their home purchase, and with rates starting at 6.25%, now is a great time to explore this option.
Program Benefits
Achieve 100% financing, eliminating the need for a down payment.
FHA backing provides added security and potentially lower interest rates compared to conventional loans.
CMRE's competitive rates, starting at 6.25%, can save you money over the life of the loan.
Lower credit score requirements make homeownership accessible to more people.
Benefit from down payment assistance programs that can be combined with the FHA loan.
Fixed-rate options available for predictable monthly payments.
Program Highlights
Max LTV
96.5%
Min Credit Score
580
Max DTI
55%
Loan Amount Range
$100K - $1M
Amortization Options
Eligible Properties
- Single Family
- Condo
- Townhouse
Program Requirements
Income Documentation
- •Stable and verifiable income required.
- •Income must be sufficient to cover monthly mortgage payments and other debts.
- •Debt-to-income ratio must meet FHA guidelines.
Asset Verification
- •Limited asset verification required compared to conventional loans.
- •Sufficient funds to cover closing costs and prepaids.
- •Demonstrate responsible financial management.
Insurance & Title
- •Must obtain and maintain homeowner's insurance.
- •Flood insurance may be required depending on the property's location.
- •FHA requires upfront and annual mortgage insurance premiums (MIP).
Property Requirements
- •Minimum FICO score of 580 required.
- •A higher credit score may qualify you for a lower interest rate.
- •Demonstrate a history of responsible credit management.
- •Past credit issues may be considered on a case-by-case basis.
Application Process
Six simple steps from application to funding
Application
Complete our streamlined online application form with your financial information
Document Review
Submit required documentation for verification and processing
Pre-Approval
Receive conditional approval and loan terms based on your profile
Title & Escrow
Open escrow and complete title search and insurance requirements
Appraisal & Final Review
Property appraisal completed and final underwriting approval received
Funding
Sign final documents and receive your loan funds
Application
Complete our streamlined online application form with your financial information
Document Review
Submit required documentation for verification and processing
Pre-Approval
Receive conditional approval and loan terms based on your profile
Title & Escrow
Open escrow and complete title search and insurance requirements
Appraisal & Final Review
Property appraisal completed and final underwriting approval received
Funding
Sign final documents and receive your loan funds
Why Choose Custom Mortgage?
Your trusted partner in real estate financing
Extensive Experience
Over 25 years of proven expertise in mortgage lending and real estate financing
Comprehensive Loan Options
Wide range of programs from conventional to specialized non-QM and hard money solutions
Nationwide Coverage
Licensed in multiple states with the ability to fund loans across the country
Flexible Solutions
Customized financing options for unique situations that traditional lenders decline
Competitive Rates
Access to wholesale pricing and volume discounts passed directly to our clients
No Upfront Fees
Transparent pricing with no application fees or upfront costs to get started
Frequently Asked Questions
An FHA DPA (Down Payment Assistance) loan combines an FHA-insured mortgage with a down payment assistance program, allowing qualified borrowers to purchase a home with little to no down payment.
The minimum FICO score is generally 580, but a higher score may qualify you for a better interest rate.
While there are no strict income limits, you must demonstrate stable and verifiable income sufficient to cover your mortgage payments and other debts. Your debt-to-income ratio must also meet FHA guidelines.
CMRE offers competitive rates for FHA DPA loans, starting at 6.25%. Your actual rate will depend on your credit score, loan amount, and other factors. Contact us for a personalized rate quote.
Sam K.
Senior Loan Strategist
With over 15 years in the mortgage industry, Sam specializes in complex jumbo and non-qm financing solutions, helping clients navigate unique financial landscapes.
NMLS #12345 | Certified Mortgage Advisor (CMA)
TESTIMONIALS
Success stories from families and investors across the nation who achieved their goals with CMRE.
"I've been working with Custom Mortgage and Real Estate for over five years now, and they've totally helped me get through a bunch of tricky transactions. Their team is super helpful all the way through, making sure everything goes off without a hitch. I seriously recommend Custom Mortgage to anyone who needs financing or a solid real estate broker."
RENE M
"I just worked with Custom Mortgage and Real Estate, and seriously, I can't recommend them enough. They have helped my family and me with a bunch of transactions, always receiving results that nobody else could. Their team is super responsive and really experienced, which made everything go through smoothly with no stress at all."
ARTHUR G
"As an investor in real estate and an agent, I totally count on Custom Mortgage and Real Estate for my deals since they've got loads of experience. They have these unique programs that I just can't find anywhere else, and it really gives me an advantage. After researching a number of companies, the offers from Custom Mortgage were the best out there."
