DPA Loans

Click n’ Close expanded its down payment assistance loan products with a shared appreciation option. The DPA with Shared Appreciation program gives borrowers a low interest rate for first-lien FHA and USDA loans and a repayable second lien in exchange for up to 40% of the home’s appreciation in the first five years. After that period ends, the shared appreciation amount is added to the second lien and amortized over the remaining term. “It’s no secret that the combination of rising interest rates, limited inventory, and growing property appreciation have made it more difficult for potential homebuyers to purchase in today’s market. While existing homeowners have benefitted tremendously from skyrocketing home equity, that same trend has put buyers at a…