Metro DPA Program Highlights

MetroDPA

MetroDPA | At-A-Glance

AVAILABLE PROGRAMS metroDPA
ELIGIBLE AREA Eligible Areas
ELIGIBLE BORROWER(S) No first-time buyer requirement
RATES See Chart
DPA AVAILABLE See Chart
LOAN TYPE See Chart
INCOME LIMITS Income Limits
PURCHASE LIMITS There are no purchase price limits in this program. Follow Agency (FHA, USDA-RD, VA and Freddie Mac) guidelines for maximum loan limits.
TIMELINE REQUIREMENTS 70 calendar days from loan reservation to loan purchase. Underwriter Certitied anytime prior to closing.
HOMEBUYER EDUCATION Homebuyer Education
CO-SIGNORS Co-Signors
PROGRAM GUIDELINES Guidelines
PARTICIPATING LENDERS Participating Lenders

Social Equity

MetroDPA Social Equity | At-A-Glance

AVAILABLE PROGRAMS metroDPA SE (Social Equity)
ELLIGIBLE AREA Eligible Areas
ELIGIBLE BORROWER(S) No first-time buyer requirement. Buyers must qualify for the Social Equity Program, details may be found on the metroDPA website.
RATES See Chart
DPA AVAILABLE See Chart
LOAN TYPE See Chart
INCOME LIMITS Income Limits
PURCHASE LIMITS There are no purchase price limits in this program. Follow Agency (FHA, USDA-RD, VA and Freddie Mac) guidelines for maximum loan limits.
TIMELINE REQUIREMENTS 70 calendar days from loan reservation to loan purchase. Underwriter Certitied anytime prior to closing.
HOMEBUYER EDUCATION Homebuyer Education
CO-SIGNORS Co-Signors
PROGRAM GUIDELINES Guidelines
PARTICIPATING LENDERS Participating Lenders

MetroDPA

MetroDPA | At-A-Glance

AVAILABLE PROGRAMS metroDPA
ELIGIBLE AREA Eligible Areas
ELIGIBLE BORROWER(S) No first-time buyer requirement
RATES See Chart
DPA AVAILABLE See Chart
LOAN TYPE See Chart
INCOME LIMITS Income Limits
PURCHASE LIMITS There are no purchase price limits in this program. Follow Agency (FHA, USDA-RD, VA and Freddie Mac) guidelines for maximum loan limits.
TIMELINE REQUIREMENTS 70 calendar days from loan reservation to loan purchase. Underwriter Certitied anytime prior to closing.
HOMEBUYER EDUCATION Homebuyer Education
CO-SIGNORS Co-Signors
PROGRAM GUIDELINES Guidelines
PARTICIPATING LENDERS Participating Lenders

Social Equity

MetroDPA Social Equity | At-A-Glance

AVAILABLE PROGRAMS metroDPA SE (Social Equity)
ELLIGIBLE AREA Eligible Areas
ELIGIBLE BORROWER(S) No first-time buyer requirement. Buyers must qualify for the Social Equity Program, details may be found on the metroDPA website.
RATES See Chart
DPA AVAILABLE See Chart
LOAN TYPE See Chart
INCOME LIMITS Income Limits
PURCHASE LIMITS There are no purchase price limits in this program. Follow Agency (FHA, USDA-RD, VA and Freddie Mac) guidelines for maximum loan limits.
TIMELINE REQUIREMENTS 70 calendar days from loan reservation to loan purchase. Underwriter Certitied anytime prior to closing.
HOMEBUYER EDUCATION Homebuyer Education
CO-SIGNORS Co-Signors
PROGRAM GUIDELINES Guidelines
PARTICIPATING LENDERS Participating Lenders

Today’s Rates & Offerings [ Business Days 8:00am – 10:00pm MT ]

MetroDPA | Rates & Offerings

MetroDPA GOVERNMENT

metroDPA Program


FHA, VA, USDA-RD, Fannie Mae HFA Preferred and Freddie Mac HFA Advantage


  • No first-time buyer requirement
  • Must be principal residence
  • Maximum Income limits
  • No Purchase price limits (Use Agency loan limits)
  • 60 calendar days from loan reservation to loan purchase
  • 1003 Credit qualifying income
  • Assistance offered as a 3-year forgivable second mortgage
  • Assistance is a percentage of the total (include MIP) Note amount
  • Maximum DTI 45% with 640-679 FICO
  • Maximum DTI is 50% with 680 FICO
  • Eligible area: El Paso County, including the City of Colorado Springs
Offering FICO DPA Lock Rate
FHA, USDA, VA 640 0% 6.500%
FHA, USDA, VA 640 2% 7.250%
FHA, USDA, VA 640 3% 8.250%
FHA, USDA, VA 640 4% n/a
MetroDPA CONVENTIONAL

metroDPA Program


FHA, VA, USDA-RD, Fannie Mae HFA Preferred and Freddie Mac HFA Advantage


  • No first-time buyer requirement
  • Must be principal residence
  • Maximum Income limits
  • No Purchase price limits (Use Agency loan limits)
  • 60 calendar days from loan reservation to loan purchase
  • 1003 Credit qualifying income
  • Assistance offered as a 3-year forgivable second mortgage
  • Assistance is a percentage of the total (include MIP) Note amount
  • Maximum DTI 45% with 640-679 FICO
  • Maximum DTI is 50% with 680 FICO
  • Eligible area: El Paso County, including the City of Colorado Springs
Offering FICO DPA Lock Rate
Fannie Mae OR Freddie Mac <= 80% AMI 640 0% 6.750%
Fannie Mae OR Freddie Mac <= 80% AMI 2% 7.375%
Fannie Mae OR Freddie Mac <= 80% AMI 3% 8.500%
Fannie Mae OR Freddie Mac <= 80% AMI 4% n/a
Offering FICO DPA Lock Rate
Fannie Mae OVER 80% AMI  640 2% 8.000%
MetroDPA Social Equity
Offering FICO DPA Lock Rate
FHA, VA, USDA 640 $15-25k 6.000%
FHA, VA, USDA > 80% AMI $5k 5.250%
FHA, VA, USDA < 80% AMI $5k 4.750%
Fannie Mae OR Freddie Mac <= 80% AMI $25k 6.375%
Fannie Mae OR Freddie Mac <= 80% AMI $5k 5.250%