DPA still available

DPA was discontinued for seller funded programs, however there are still approved local programs available usually in the form of low interest loans. There are income limitations so buyers should call to discuss these loans and the buyer must qualify with the increased DTI. One advantage currently is that the $7,500 tax credit can be used to pay off the DPA leaving a 0% interest loan at $500 per year payment and the tax deduction advantage of home ownership should reduce the tax liability by at least that amount.

Also, USDA does have great programs available in many areas, usually more rural, small/medium size cities rather than greater MSA locations.