What Is the Boost DPA Program?

Lendmire’s Boost Down Payment Assistance Program is designed to make homeownership more accessible by helping eligible buyers cover upfront costs like the down payment, closing costs, or interest rate reduction. The program follows standard FHA guidelines and is also compatible with USDA loans — expanding your financing options without the restrictions of many traditional DPA programs.

Whether you’re a first-time buyer or simply need assistance with initial costs, Boost is a smart, accessible solution.

Key Benefits of Boost DPA

• Up to 5% assistance based on the home’s purchase price

• Can be applied to down payment, closing costs, or rate reduction

• No income limits and no first-time homebuyer requirement

• Compatible with FHA and USDA loan programs

• Options include:

  • Forgivable 5-year term with zero interest and no monthly payments

  • Repayable 10-year option with flexible amortization over 10, 20, or 30 years

• Temporary interest rate buydowns are allowed

Loan terms and eligibility may vary. All loans subject to FHA or USDA underwriting guidelines and borrower qualification.

Boost DPA Program LTV Guidelines

• Follows standard FHA and USDA LTV limits

  • FHA: Up to 96.5% LTV

  • USDA: Up to 100% LTV (subject to area and income eligibility)

• Boost funds may be used to satisfy minimum investment requirements for eligible FHA and USDA transactions

Borrowers must meet agency guidelines and lender underwriting requirements.

Who Boost DPA Helps

• Buyers who meet FHA or USDA program eligibility

• Borrowers who need help with upfront costs but do not qualify for other DPA programs due to income limits or homebuyer status

• Individuals looking for forgivable or structured assistance to make homeownership possible without overwhelming monthly debt

Why Lendmire

At Lendmire, we’ve streamlined the Boost DPA process to ensure quick answers and smooth closings. Our experienced mortgage team will guide you through the details, helping you understand your eligibility and structuring the most supportive loan package available — all while maintaining speed, clarity, and care.

Compliance Notice

Lendmire complies with all federal and state mortgage regulations. Program availability, LTV limits, and loan terms are subject to eligibility and lender approval. A Loan Estimate (LE) will be provided once a full application and documentation are submitted.