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Aerial view of suburban homes representing nationwide access to the SmartBuy™ Down Payment Assistance Program

Why SmartBuy™?

Make your client’s next home purchase a SmartBuy™ with down payment assistance options designed for today’s borrowers. Whether you’re originating FHA or USDA loans, SmartBuy™ provides flexible, nationwide DPA with no income restrictions, no first-time homebuyer requirements, and options that fit every borrower’s needs.

SmartBuy™ DPA Program Options

Repayable DPA Option

  • 3.5% and 5% second lien options

  • Available with 10-, 20-, or 30-year amortizations

  • 660 FICO minimum

  • 2nd lien P&I included in DTI

  • High balance eligible

Forgivable DPA Option

  • 3.5% second lien option

  • 0% interest and no monthly payments

  • Fully forgiven after 60 months if the borrower remains in the property

  • 620 FICO minimum

SmartBuy™ DPA Program Highlights

SmartBuy™ is designed to remove common barriers to homeownership by providing down payment and closing cost assistance—backed by flexible terms and robust eligibility criteria.

FHA & USDA Approved

Funds can be applied to meet minimum down payment requirements.

No Income or First-Time Buyer Restrictions

Available to a range of creditworthy borrowers (USDA rules apply).

Nationwide Availability

Offered in all states except New York.

Fully Delegated With AUS

Approved lenders can underwrite using their own AUS for faster turn times.

Up to 5% of Purchase Price

Can be used toward down payment, closing costs, or rate reduction.

Temporary Interest Rate Buydowns

2-1 buydown options reduce borrower payments in the first two years.

203k Limited FHA Product Eligible

Ideal for borrowers looking to make home renovations.

Supports eNotes and eMortgages 

Enables faster, paperless closings through accepted digital formats.

SmartBuy™ DPA Eligibility Requirements

SmartBuy™ DPA is structured to be widely accessible.

Couple on couch with dog and cat representing access to SmartBuy™ Down Payment Assistance resources for homeownership

SmartBuy™ DPA Resources 

For quick access to guidelines and application forms, see below:

Grow Your Business with the SmartBuy™ Down Payment Assistance Program

Connect with our team to explore SmartBuy™ DPA program eligibility, review FHA and USDA DPA guidelines, or begin onboarding today.

Trusted by Top Mortgage Associations and Integrated with Leading PPE Platforms

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