Smart DPA – Better Pricing and Now with USDA

Smart DPA — Updated Program
Lower rates.
Now with USDA.
Smart DPA is back with better pricing and a new USDA option — still up to 5% of the purchase price, still no first-time homebuyer requirement. Effective with locks as of 10/5/2026.
Posted October 6, 2026
What’s new
Lower rates
Better pricing than our previous DPA offering, so the payment works for more borrowers. See the current rate sheet for today’s pricing.
  
New: USDA
Pair Smart DPA with a USDA first lien, up to 100% of the loan amount. FHA remains available.

Revisit the files that didn’t work before. Borrowers who missed on payment or didn’t fit FHA may qualify now.

Program snapshot
Assistance 3.5% forgivable over 3 or 5 years at 0% with no payment, or 3.5% / 5% repayable at 7.99% over 10 years.
First lien FHA or USDA, 30-year fixed. Purchase only, owner-occupied primary residence.
Minimum FICO 640 forgivable / 660 repayable. Blended scoring available for qualification.
Max CLTV FHA to 100%, or 101.5% with 5% assistance. USDA to 100% of the loan amount.

Full details — property types, buydowns, fees, TRID handling and the blended score calculation — are in the program guide.

Have a scenario in mind?

Your District Director will walk the structure with you and tell you which option fits the file.

Contact your District Director