eLEND · verified 2026-08-05
DPA Advantage: down payment help, plainly
DPA Advantage from eLEND provides 2%/3.5% of price toward a home purchase, never repaid. ClosingReady can close it.
The facts
| Structure | Grant, forgiven at closing — never repaid |
| Amount | 2%/3.5% of price |
| Minimum credit | 620 |
| Income cap | None published |
| Purchase price cap | None |
| Loan cap | None |
| Geography | Nationwide; underserved-census-tract lookup for the tract-based path |
| First-time buyer required | No |
| Homebuyer education | Not required |
| Loan products | FHA 203(b) Standard, FHA 203(k) Limited, FHA 203(k) Standard |
Who this is for
- First responders
- Educators
- Medical personnel
- Civil servants
- Military
- Underserved census tract
- Other borrowers meeting FHA underwriting standards
What to watch
- FHA only — MIP generally runs the life of the loan and can outweigh the grant over a long hold.
- Broker channel, borrower-paid compensation only.
Not yet confirmed against the issuer's own material:
- What 'other borrowers meeting FHA underwriting standards' admits in practice
- Whether the 10.13.2025 guidelines are still current
Source: eLEND's published program page · last verified 2026-08-05. Program terms change without notice; confirm current terms before writing an offer around them.
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Common questions
How much does DPA Advantage provide?
2%/3.5% of price — a maximum, not a quote; the exact figure depends on your price, loan and profile. Structure: grant, forgiven at closing — never repaid.
Do I have to repay DPA Advantage?
No. Grant, forgiven at closing — never repaid.
Who qualifies for DPA Advantage?
First responders. Educators. Minimum credit 620.