The Energy-Smart DPA program, associated with FHA financing, assists homebuyers in funding energy-efficient enhancements while eliminating down payment obstacles. It provides a first mortgage alongside a forgivable DPA grant without AMI or geographic limitations. This program features lower fees than traditional options and allows for post-closing solar installation, managed by local partners, ensuring cost savings. Additional benefits include federal tax credits and potential utility savings for buyers. This initiative promotes affordability for homeownership and offers lenders opportunities for increased transactions in a competitive market.
The Energy-Smart DPA program, available with Federal Housing Administration (FHA) financing, helps homebuyers fund energy-efficient upgrades while removing the hurdle of a down payment.
The program offers a market-rate first mortgage paired with a forgivable second or DPA grant, with no AMI or geographic restrictions.
Solar installation required as part of the financing package occurs after closing and doesn't delay the loan.
The combination of broad program eligibility and attractive financial incentives makes Arcasa's Energy-Smart DPA program a compelling option for today's homebuyers.
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