Image of the Master Kit from BIHN Group, showcasing essential tools and components for optimal performance, aligned with the Default Kit post.
Master - Header Main, showcasing leadership and expertise in the industry.
Professional financial advisor analyzing investment options for clients in a modern office setting. Focus on financial mastery, planning, and expert guidance.
Apply Now

Click n’ Close SmartBuy National DPA

back

The SmartBuy National Down Payment Assistance (DPA) Program is a nationwide initiative designed to help homebuyers overcome the financial barriers of purchasing a home.

It combines a 30-year FHA or USDA first mortgage with a second lien that provides down payment assistance.

This assistance can be used toward the down payment, closing costs, or to buy down the interest rate.

Connect with a pro
TOP LENDER

CALHFA

TOP EMPLOYER

DIVERSITY JOBS

TOP 100 MORTGAGE COMPANIES

MORTGAGE EXECUTIVE

5-STAR LENDER

Mortgage Professional America

TOP 250 LATINO MORTGAGE ORIGINATORS

NAHREP

MOST LOVED MORTGAGE EMPLOYERS

NMP

TOP MORTGAGE LENDER

SCOTSMAN GUIDE

TOP MILITARY LENDER

NMP

TOP 15 VA LENDER

SCOTSMAN GUIDE

Product highlights

  • FHA or USDA 30-year fixed first mortgage
  • Down payment assistance up to 5% of purchase price
  • Meets FHA and USDA minimum investment requirements
  • No income limits or first-time homebuyer restrictions
  • 660 minimum credit score
  • Available nationwide (excluding NY)
  • 5-year forgivable second lien option
  • 10-year repayable second lien option (10, 20, or 30-year amortization)
  • Temporary rate buydowns allowed

Borrower advantages

  • Down Payment Help Nationwide: Offers 3.5% or 5% in assistance, usable toward down payment or closing costs.
  • No First-Time Buyer Requirement: Available to both first-time and repeat buyers.
  • Flexible Program Options: 5-year forgivable second lien. 10-year repayable second lien.
  • Fewer Barriers to Entry: No additional income limits outside of standard loan guidelines.
  • Avoid Waiting to Save: Helps buyers get into a home sooner without needing to save a full down payment.
  • Potential to Buy Down Rate: Funds can be applied to reduce the interest rate on the loan.

Realtor advantages

  • Expanded Buyer Pool: Helps clients who are financially ready to own but lack down payment funds.
  • Speeds Up Transactions: Buyers don’t have to wait months or years to save for a down payment.
  • Increases Affordability: Clients can potentially afford more home by using the assistance to lower costs.
  • Great Selling Point: A unique offering that helps differentiate you as a resourceful agent.
  • Versatile Program: Works for a variety of buyers and property types across most states (excluding NY).
  • Helps Close Deals: Easier to convert “on-the-fence” buyers into homeowners.
  • Improves Buyer Confidence: Buyers feel supported and empowered to move forward.

FAQs

SmartBuy National DPA is a down payment assistance program that helps cover upfront costs so buyers can purchase a home with less cash out of pocket.

Assistance amounts vary based on loan type and eligibility, but it can significantly reduce what you need at closing.

In many cases, the assistance is structured as a second loan that may be forgiven over time or repaid upon sale or refinance. We’ll explain the structure clearly before you commit.

Buyers with steady income who qualify for a mortgage but need help bridging the down payment or closing cost gap.

Yes. It can often be paired with FHA, Conventional, or other eligible loan programs.

What Clients Say About Us

“Daniel was great! Very efficient and very friendly. He always got back to us in a timely manner and always called us to explain things rather than just texting. Very personable guy! Very quick as well! We closed 2 weeks sooner than expected. I cannot say enough nice things about preferred rate, I definitely recommend them to everyone!”

Megan H

“I cannot put into words how amazing Dan and his team were during this whole process. They consistently went above and beyond to ensure I was fully taken care of. Not working with a realtor was a bad call on my part, but Dan was there every step; and a few bumps, offering unbiased advice and making sure I was taken care of. This momma and her girl tribe finally have a place of their own to call home; I am so thankful for Dan and his team!”

Savannah C

“This is my second home purchase using Dan. He is great to work with, he explains everything and is always there to answer any questions.

Update: When rates dropped early October 2025, Dan reached out to let me know and we knocked the refinance quickly. Dan is also always quick to answer questions no matter time or day of the week. No one else I’d rather do business with.”

Nate W

“We don’t have enough good things to say about Bihn Group! We tried to buy a house years ago and were consistently disappointed, houses sold out from under us, etc. so we gave up! We reached out to Dan this time around and he was so efficient and kind about everything! He answered all of our questions with honesty and we were so lucky to find our dream house as quickly as we did. Our son hasn’t stopped running around in our yard since we moved in! Thank you, Dan and Bihn Group for helping us achieve this goal in life!”

Taylor S

“Thank you for making a dream a reality. For years my husband, kids and I would talk about the perfect house we would have one day. It’s easy to find a house but difficult to get the keys and even more difficult to tell your kids this one didn’t work out. Dan, thank you for directing and clearing the path to our new home. We are extremely grateful!”

The McCulley’s