
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
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3.5% and 5% second lien options
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Available with 10-, 20-, or 30-year amortizations
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660 FICO minimum
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2nd lien P&I included in DTI
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High balance eligible
Forgivable DPA Option
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3.5% second lien option
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0% interest and no monthly payments
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Fully forgiven after 60 months if the borrower remains in the property
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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.

SmartBuy™ DPA Resources
For quick access to guidelines and application forms, see below:
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View the latest SmartBuy™ DPA Program Matrix under the Resources tab
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For the latest rate sheet, contact the Trade Desk at tradedesk@clicknclose.com
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