💰 Daily Mortgage Rates LIVE – 11/19/2025 – Down Payment Assistance (DPA)

On Daily Mortgage Rates LIVE, we break down how Down Payment Assistance (DPA) programs help homebuyers cover upfront costs like down payments and closing fees. Most DPA options pair with FHA loans and offer grants or low-cost second liens to make buying a home more affordable. We explain how these programs work, eligibility requirements, documents you’ll need, and how repayment works. If you’re trying to buy a home but need help with upfront expenses, DPA may be the key.

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The Mortgage Calculator is a licensed Mortgage Lender (NMLS #2377459) that specializes in using technology to enable borrowers to access Conventional, FHA, VA, and USDA Programs, as well as thousands of Non-QM mortgage loan program variations using alternative income documentation!

Using The Mortgage Calculator proprietary technology, borrowers can instantly price and quote thousands of mortgage loan programs in just a few clicks. The Mortgage Calculator technology also enables borrowers to instantly complete a full loan application and upload documents to our AI powered software to get qualified in just minutes!

Our team of licensed Mortgage Loan Originators can assist our customers with Conventional, FHA, VA and USDA mortgages as well as access thousands of mortgage programs using Alternative Income Documentation such as Bank Statement Mortgages...

Transcript

So thanks everyone for joining us. My name is Nick Hiersche , I'm the president of the mortgage calculator. We are a lender that offers all kinds of different loan programs and specialize in some of the a little bit outside the box I'd love to highlight in our program for today. So the option we're going to go over is going to be our down payment options.

We typically pair those with our FHA loan options. That's why that's going to be our specific examples for today. But as we do every day, we will still go over all of the different common requests. So let me go on my screen, and we'll check out today's live rates. Now what I always wanna pull up is the ten year treasury a little bit.

So we see here in the last five days, a lot of activity up and down, a lot of different news. Everybody's seen in the, news cycle here politics going on. And the ten year treasury typically tracks with mortgage rates, and it's the most easily accessible and visualize a whole option that tracks with basically all the different mortgage. Of course, there are more complex measures we can use, but what I always wanna do is put this into perspective. So even though we've had a lot of up and down action, we're still basically at those years.

Definitely still a great opportunity for every shopping to take advantage of these one year lows. And as we'll go over today, all of our different programs have suite options. So we'll get into today's live rates. Let me go ahead and refresh the page since we just hit after twelve noon and make sure we have the latest. So to compare across all the different programs, we always wanna make sure we use a standard scenario.

So we have a single family home, 500,000 purchase price, 300,000 loan amount that corresponds to 60% loan to value, FICO seven sixty, FICO, and 40% debt to income ratio in order to compare all these programs side by side. When we go into our deep dive, we can go into maximizing the LTV and all the go in with the different variations we have. So first up, we always want to look at our conventional primary option. So that's what everybody thinks of when they think of a mortgage, a Fannie Mae or Freddie Mac typically. And our standard thirty year fixed coming in at 5.875 today.

Final APR is 6.135. Not much changed since yesterday or, actually on Monday last time we did the show. And, we typically wanna compare that with an FHA option. So FHA allows a little more leniency on credit issues as well as a higher debt to income ratio, but does require upfront interest insurance. So FHA coming in today, 5.25 rate.

Final APR with all the fees included, 6.157. So notice such a touch higher than conventional. Even though the rate look work, there are additional fees to consider. So always look at that APR compare side by side. And next step is our VA loan options for eligible vets and active service members, spouses of course.

These options are amazing. VA standard thirty year fixed coming in today, 5.49. And with a standard funding fee here, my APR comes in at 5.732. So for our eligible VA, members here, definitely a great option to look at when you compare the APR even though the rate seems a little bit high. With all the fees included, great benefit for our VA borrowers, the APR comes in much lower.

So always look at those VA options if they are available to you. And the final option for our government programs, USDA, those USDA eligible areas, typically in rural areas of the country. And for our borrowers are eligible for those programs, these are great options to consider. USDA thirty year fixed coming in today, 5.125 rate. Finally, PR with all the fees included, 5.802.

So typically, if our customers comparing a USDA option to more conventional, in this case, the USDA is gonna be a great option with a lower overall APR. So definitely look at those options. And this is where we to some of the items we specialize in here at the mortgage calculator. So we love to do our non QM loan programs. So this first option here for our non QM opt doc option for our self bank statements, ten ninety nine, PNL, different options here to expand our documentation options.

And for a primary home, we can get rates as low as 5.87. And you see here the final APR comes in at 6.145. A little bit more cost here for a non QM option, but almost identical to conventional if we're comparing side by side, and it allows our use expanded documentation options. You can also use our alt doc options for investment properties. So to, use our bank statements, n 90 nine's, PNL's, etcetera, Investment property rates today for standard three year fixed, I'm at 6%.

Final APR, 6.321 here. And we always wanna compare that to our conventions for an investment property Coming in today at 6% flat. Final APR is 6.311. So our conventional is just a touch on our all dog options. We're even closer here on investment properties, so great option for our investors out there.

And our favorite investor product, our DSCR stands for debt service company. We don't need any income information or any employment information. We simply use the estimated rents from the rental property to determine a DSCR ratio. So these examples here have a ratio over one. In this first example, the most common has a three year prepayment penalty.

This is pretty common for these investor products, but we do have options with no prepay of our three year prepay comes in today at 6% flat. Final APR is 6.284. So it actually beats conventional by the touch to use DSCR as long as we're at that three year pre absolutely amazing. And we can add a five year prepayment to sweeten the deal here. Rates go to 5.875, and the final APR drops to 6.157 when pay the penalty, which beats conventional all doc, everything there for our investors, which is amazing.

And as I mentioned before, we do have no prepayment penalty option there for the DSCR rates coming at 6%. Final APR is 6.321, so just a touch higher than our conventional option to use DSCR for income. So amazing option for our there. And, of course, we do have second mortgage options and a ton of different options. Feel free to check out our website to get all of the breakdown, all of the programs we offer.

But our for today is going to be for our borrowers out there that are looking for down payment assistance. So these are very common requests. And as usual, I wanna make sure I have an example. So I found a property here in the area, a nice reasonable cost here, $450,000 purchase price for a nice, small home, and I use that for an estimate here. So the first option we set up is our repayable option.

So this allows us to reach 100% LTV with 3.5% down payment assistance that is repayable. So, this option you see here comes in at 6.125 rate on discount point and cost and allows us to get this full $15,750 for down payment assistance put into the loan for us in this option. And we scroll down here, we see all the different details. You see I use that exact property and the final loan amount, etcetera. And you see here we added the second mortgage.

The payment second mortgage for those down payment assisted funds, we have to add that to the loan. We're gonna have to pay a minimum of $131 per month. It is a 9.99% option there, and it is a thirty year fixed loan. Now we have another option where we do have a forgivable so this allows our customer to attain 100% LTV and get the full three and a half percent of down payment required as forgivable payment assistance. So notice in the fine print here, this still must be repaid if the home is refinanced or sold within the first sixty months.

So this is a six option, but if not refinanced and no ninety day lates, the DPA loan is freely forgiven after five years or sixty months. So this is a great option. Obviously, a little cost and rate, but for our borrowers that wanna have a fully forgivable option, this is pretty amazing. So, rates come in today, 7.5% discount 1% as well. So that way we can pair side by side to chose the same cost.

And that gets us again the full $15,000 down payment, but notice there's no ex payable loan here. We don't have to pay that every month. And as long as we do not make late payments on the mortgage, that is fully forgiven after five years. So these are amazing options for our borrowers that need a little bit of extra help there and want to use the down payment assistance. We have a ton of other options as well.

There are options for 5%, 2% assistance. There's options for conventional to add to this. There are options for all kinds of different programs, but these are our most common options to pair DPA that is either forgivable or non forgivable with our FHA programs. So that ends our show for today. If you have any questions, feel free to drop them in the chat.

I just see a couple people saying hello. Thanks for tuning in. But, if you have any questions, again, please get with one of our team members. We have over 300 loan officers that would be happy to send you a full breakdown of all the quote information for your exact scenario. So thanks everyone for joining us, and feel free to visit our website to check out your own live rates and start your next loan.

Thanks, everybody.