What do you mean when you say the DPA comes with an “affordable mortgage”?

When we say “affordable mortgage,” we mean a safe, fixed-rate loan that helps you buy a home without needing a big down payment. With this program, you get down payment assistance (which is often forgivable) and a 30-year mortgage that keeps your monthly payment predictable. While the interest rate might be slightly higher than a loan without assistance, it’s still competitive—and often the best option when you don’t want to wait years to save up. The goal is to make buying a home possible and sustainable. That’s what affordability means to us.