Down Payment Assistance Program

Saving a down payment is the hardest part of buying a home — and for a lot of families, it’s the only part standing in the way. Smart DPA puts up to 5% of the purchase price toward yours, so you can stop waiting and start looking.

Older couple sitting at kitchen table discussing finances
Smart DPA
Up to 5%toward down payment
FHA & USDAeligible loan types
Primary homeshouse, townhome, or condo
No FTHB ruleprevious owners can qualify

Good news about who qualifies

Smart DPA is built to fit more buyers than a typical assistance program — here’s what that means for you.

You don’t have to be a first-time buyer. Owned before? You may still qualify.
It’s for the home you’ll live in — a house, townhome, or condo.
Pairs with an FHA or USDA loan, both designed for everyday buyers.
Credit and income guidelines are more flexible than you might expect.

What that could look like

A simple illustration of how Smart DPA can close the down payment gap.

On a $250,000 home, 5% is $12,500 — often the exact gap between what a family has saved and what it takes to get to closing. Smart DPA is designed to help close that gap on FHA and USDA purchases.

Illustrative example only. Actual assistance amount depends on the loan program, purchase price, and eligibility.

Purchase price$250,000
Smart DPA (up to 5%)$12,500
Toward down payment or closing costs$12,500

Let’s Make Home Happen

Ask us what Smart DPA would mean for you.

It’s a short conversation, and it costs nothing to find out.

Find a Loan Officer

Down payment assistance is provided through a third-party non-profit program, is available on eligible FHA and USDA purchase transactions for owner-occupied primary residences, and is subject to availability and change without notice. Forgiveness of assistance requires the first mortgage to remain in good standing for the full forgiveness period; the repayable option carries interest and a monthly payment. Additional fees apply. Dollar figures shown are illustrative examples only and are not an estimate of your terms. Terms and availability may vary by state.

Let’s Talk

Contact a GMFS Mortgage Loan Officer today!

Rating: 5 out of 5

Frannie Fran! She was excellent! She was prompt in responding to every question I had. I contacted a nation lender along with Manual Morgage but Frannie won my business by not overwhelming me with information. She made the process stress free!

Conrad W. October 8, 2026
Rating: 5 out of 5

Jason and Brandy were great to work with. Quick responses and answered all our questions on our refinance. They made the process easy and stress free. My wife and I highly recommend.

Raymond N. Baton Rouge – October 8, 2026
Rating: 5 out of 5

Very helpful and great communicatio!

Dustan Q. Carencro – October 9, 2026
Rating: 5 out of 5

Bryan Sparacino is extremely knowledgeable, very communicative, and goes over and beyond for his clients and the people he works with. I enjoy any time I get to work with him.

R C. October 4, 2026
Rating: 5 out of 5

friendly service and quick responses

Alexandria Louise S. Mobile – October 8, 2026

What Sets Us Apart

A Lender Who Cares

With GMFS Mortgage, you’re not just getting a loan—you’re getting a team that’s all in, every step of the way.

Established

Since 1999, we’ve helped over 150,000 people across 23 states become homeowners.

Efficient

Everything from processing to closing happens under one roof. That means fewer hiccups…and more high-fives.

Trusted

A+ BBB rating. Torch Award for Marketplace Trust. A reputation built on doing the right thing.

Experienced

Our team averages 14+ years in the industry—and a lifetime of showing up for our clients.

*Not a commitment to lend.  All loans subject to credit and property approval.  The following terms are for illustrative purposes only.  Rates, payments, and loans terms vary by consumer based on their individual qualifying information.   The payment amount illustrated does not include the amounts for taxes, property insurance, or mortgage insurance. 

Purchase PriceLoan AmountInterest RateAPRTerm
$239,000$227,0506.5%6.725%30