
Grants and Down Payment Assistance (DPA)
DPA, or Down Payment Assistance comes in all shapes and sizes. DPA is an awesome way to bridge the gap between owning and renting. But let me delve into this a little to help bring some clarity in how they work. First off, Grants are a form of DPA, but not all DPAs are grants. A grant comes from an entity, typically a government body, which “loans” you a sum of money (usually $5000 or more) for down payment and/or closing costs. Yes, I said “loans” and not gives. There’s only