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

Stephanie was always first rate and easy to communicate with she made the financial side of the experience more comfortable and understandable that the fear going in. Looking forward to working with ber again should the need ever arise. she was definitely top notch to work with!!

Andrew D. Baker – September 11, 2026
Rating: 5 out of 5

I can always trust John and Todd to take care of a client, friend or family member

John Stepens R. Oxford – September 11, 2026
Rating: 4.75 out of 5

Josh walked us through the whole process. he educated us and was patient when he needed extra explanations.

Mackenzie H. Foley – September 15, 2026
Rating: 5 out of 5

Easy good communicatio. Straight forward

Nicky Leonard M. Slaughter – September 14, 2026
Rating: 5 out of 5

I represented the seller and it was a super smooth transaction! Highly recommend!

Lesli F. Covington – September 10, 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