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    • About NOMAR MORTGAGE
    • Before You Buy!
    • PreApproval or PreQualify
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    • DPA SEMINAR
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    • Loan Approval Documents
    • Loan Application
  • More
    • Home
    • FIND OUT MORE
      • About NOMAR MORTGAGE
      • Before You Buy!
      • PreApproval or PreQualify
      • Reasons To Use A Realtor
      • Down Payment Assistance
      • DPA SEMINAR
      • Loan Programs
      • Loan Approval Documents
      • Loan Application
  • Home
  • FIND OUT MORE
NOMAR MORTGAGE

Professional Mortgage Services FHA, Conventional Home Loans and More

Professional Mortgage Services FHA, Conventional Home Loans and MoreProfessional Mortgage Services FHA, Conventional Home Loans and More

Down Payment Assistance

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Down Payment Assistance (DPA)

Assistance to Help First Time Home Buyers purchase a home

The Down Payment Assistance Program can provide assistance to qualified First Time Home Buyer's for down payment and closing costs associated with purchasing a home.

  • First Time Home Buyer: the definition includes persons or households who have not owned a home or had an interest in a home during the three (3) year period immediately prior to applying for Purchase Assistance
  • The amount of assistance provided is determined and based on total household income. (income from all adults living in the house that are over 18 years of age)
  • Home Buyer must contribute the greater of $1,000 or 1.75% of the contract sales price.
  • Minimum credit score for all applicants is 620
  • All applicants must complete a pre-purchase home buyer’s education program and secure a first mortgage.
  • Qualify for a 1st mortgage through a certified Lender
  • Eligible mortgage loans: fixed rate FHA, 203(k), Conventional, VA, and USDA; owner financed homes are not eligible under the DPA program.
  • Must have legal right to permanently reside in the United States
  • Must complete Down Payment Assistance loan application for the county assistance is requested.
  • Eligible properties include single-family homes, condominiums, and townhouses.
  • A household can qualify as very low income, low income, or moderate.
  • Purchase a home that will be their primary residence


The amount of assistance available:

  • Orange County $15,000.00 up to $35,000.00
  • Seminole County $10,000.00 up to $50,000.00
  • Osceola County $10,000.00 up to $30,000.00


Maximum purchase price:

  • Orange County $230,000.00
  • Osceola County $200,000.00
  • Seminole County $200,000.00 existing homes
  • New home construction up to$259,000.00


Down Payment Assistance must be repaid if the property is not occupied by the borrower during the lien period, sold, rented or refinanced.

Attend post-purchase counseling within six months after the home purchase.

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