PRMI DPA Advantage Grant Program

UPDATE MARCH 2022 – 6.5% Suspended – Currently Only 3.5% Grant Because of Mortgage Market Conditions

PRMI DPA Advantage Grant Program provides up to 6.5% as a forgivable grant to eligible borrowers using a FHA Loan to purchase a home. The PRMI DPA Advantage Grant program is an approved Delaware down payment assistance program by HUD so can be used with a FHA mortgage loan. Call 302-703-0727 to apply for the grant or APPLY ONLINE

6.5% Grant Program Highlights

The highlights of the PRMI DPA Advantage Grant Program are as follows:

• Completely Forgivable grant of up to 3.5% of the purchase price toward down payment and with up to 3% Lender Credit toward closing costs for 6.5% of grant money that doesn’t have to be paid back!
• May be combined with up to 6% seller paid closing costs
• Minimum Qualifying Credit Score is 620
• No Resale restrictions on the home
• No Second Lien on the property
• No Repayment Required
• Must be Primary Residence
• Approved Down Payment Assistance Program
• Must Complete HUD Approved Home Buyer Counseling Class
• Can Only be Used with a FHA Loan

Borrower Eligibility for PRMI DPA Advantage Grant Program

In order to be eligible to qualify for the 6.5% DPA Advantage Grant Program you must meet only ONE of the following categories: Keep Reading...