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Down Payment Assistance (DPA) Loans

Programs that can provide down payment funds directly to eligible borrowers.

 

Enterprise Bank & Trust has access to a variety of down payment assistance programs that can assist borrowers who may have limited assets.

 

Housing Finance Agencies (HFA): Every U.S. state has a governmental housing authority that makes mortgages to borrowers who meet income limitations and also provide funds for the borrower's down payment. Many of these programs also require that the borrower qualifies as a first-time homebuyer. Down payment funds are usually provided via a second mortgage on the property or via a direct grant. In both cases, the lien or grant is forgiven after a period of time (ranging from five to ten years, depending on the state) and may be “recaptured” by the state agency if the property is sold before that time.

 

 

Each down payment assistance program may have specific income and location restrictions. Your Enterprise Bank & Trust Loan Officer can assist you to determine the best down payment program for your situation.

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(833) 896-2850

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IMPORTANT:  Please note that any information you send to us by e-mail or through a contact form on our website will be sent to us via the Internet. You understand that sending information over the Internet is a risk, and the information submitted could be intercepted, viewed, or retrieved by a third party. Please do not include any personal identifying information such as your birth date, social security number, account number or other private information. Please refer to our Privacy page for further information.

Enterprise Bank & Trust

1281 N. Warson Rd, St. Louis, MO 63132

(833) 896-2850  |  mortgage@enterprisebank.com

NMLS# 593661   |   Privacy Policy  |  Member FDIC |  Fair Housing Lender

IMPORTANT:  Please note that any information you send to us by e-mail or through a contact form on our website will be sent to us via the Internet. You understand that sending information over the Internet is a risk, and the information submitted could be intercepted, viewed, or retrieved by a third party. Please do not include any personal identifying information such as your birth date, social security number, account number or other private information. Please refer to our Privacy page for further information.