Government
FHA DPA (100% Financing) in Memphis, TN
Memphis homebuyers trust Custom Mortgage for their FHA DPA (100% Financing) needs. With deep knowledge of the local market, from Downtown to Midtown, we provide tailored solutions with rates as low as 6.25%.
Key Facts About FHA DPA (100% Financing)
CMRE FHA loans require a minimum down payment of 3.5%.
FHA loans from CMRE accept FICO scores as low as 580.
CMRE FHA mortgages include upfront and annual mortgage insurance premiums.
FHA loans at CMRE allow seller concessions up to 6% of the purchase price.
CMRE processes FHA loans for single-family homes, condos, and 2-4 unit properties.
CMRE is an approved government lender for FHA DPA (100% Financing).
CMRE offers VOE-only and P&L options for FHA DPA (100% Financing).
CMRE closes FHA DPA (100% Financing) in 25-35 days.
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.
FHA DPA (100% Financing) in Memphis: The Complete Guide
What Is FHA DPA (100% Financing)?
FHA DPA (Down Payment Assistance) loans, often referred to as 100% financing options, are government-backed mortgages that allow eligible borrowers to purchase a home with little to no down payment. These loans combine an FHA-insured mortgage with down payment assistance programs, providing a powerful tool for first-time homebuyers and those with limited savings. CMRE specializes in connecting you with the right FHA DPA program to fit your unique financial situation.
Eligibility for FHA DPA (100% Financing)
- •Eligibility depends on the specific agency requirements (FHA/VA/USDA).
- •FHA: primary residence, meets HUD property standards, 580+ FICO (500 with 10% down).
- •VA: eligible military service or surviving spouse status, no down payment.
- •USDA: eligible rural area, income limits apply.
- •CMRE evaluates your situation and recommends FHA DPA (100% Financing) or alternatives with lower total cost.
CMRE Specialty Programs for FHA DPA (100% Financing)
- •VOE-Only FHA: qualify with employer verification only — no pay stubs or tax returns.
- •P&L FHA: CPA-prepared profit & loss for self-employed qualification.
- •FHA Streamline: refinance with no appraisal, no income verification.
- •VA IRRRL: streamline refinance for veterans with minimal documentation.
- •CMRE processes government loans faster than industry average.
Apply for FHA DPA (100% Financing) with CMRE
- •Step 1: CMRE determines eligibility and provides rate estimate.
- •Step 2: Documentation varies by program (standard, VOE-only, or P&L).
- •Step 3: Pre-approval within 24 hours.
- •Step 4: Government appraisal and underwriting coordinated by CMRE.
- •Step 5: Closing in 25-35 days from application.
Current Mortgage Rates
30-Year Fixed Rate
6%
as of 3/5/2026 · FRED
15-Year Fixed Rate
5.43%
as of 3/5/2026 · FRED
Rates are national averages and may differ from your actual rate. Contact us for a personalized quote.
Get Your Rate →FHA DPA (100% Financing) in Memphis, TN
Memphis mortgage lending. FHA, VA, and investment property programs for Shelby County. Custom Mortgage & Real Estate specializes in providing high-fidelity FHA DPA (100% Financing) solutions tailored to the unique economic landscape of Memphis and the surrounding Shelby County.
Our FinTech-driven approach allows us to offer competitive rates and streamlined processing for homeowners and investors across the entireMemphis metropolitan area.
Service Areas & Neighborhoods
Our Memphis Presence
Local Knowledge. Global Rates.
16501 Ventura Blvd STE 400
Encino, CA 91436
Direct Line
877-976-5669Common Questions About FHA DPA (100% Financing) in Memphis
What are current FHA DPA (100% Financing) rates in Memphis, TN?
FHA DPA (100% Financing) rates in Memphis depend on loan amount, credit profile, and property type. CMRE publishes updated Memphis rate ranges daily and provides locked quotes within 24 hours of application.
How long does FHA DPA (100% Financing) closing take in Memphis?
CMRE typically closes FHA DPA (100% Financing) loans in Memphis within 21-30 days from application. Pre-approval takes 24 hours, and our TN-licensed team coordinates title, escrow, and appraisal concurrently to save time.
What are FHA/VA loan limits in Shelby County?
FHA and VA loan limits in Shelby County are set annually by HUD and the VA. CMRE's Memphis team can confirm your current county limit and help you maximize your purchasing power within TN guidelines.
Do I need to be a veteran for FHA DPA (100% Financing) in Memphis?
VA loans require veteran status or active military service. For non-veterans in Memphis, CMRE offers FHA and USDA government-backed programs with similarly competitive rates and low down payment requirements.
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.
FHA: 580+ (500 with 10% down). VA: no official minimum (generally 580-620). CMRE evaluates each case.
Most government programs require owner-occupancy. VA allows multi-unit (up to 4) if you live in one.
FHA: $498,257-$1,209,750 by county. VA: no limit with full entitlement. Contact CMRE for your county.
Yes. CMRE's VOE-only and P&L specialty programs make government loans accessible to self-employed.
FHA DPA (100% Financing) by Location
Get local rates, loan limits, and market data for FHA DPA (100% Financing) in your area.
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View county-level market data, loan limits, and mortgage rates on our territory pages.
Browse All Territories →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."
