Down Payment Assistance (DPA)​

One of the biggest hurdles homebuyers face when looking to purchase a home is not the ability to pay for a mortgage, but the challenges faced when saving for a down payment. Things like cost of living increases and student loan debt coupled with everyday bills and other expenses can make saving for a down payment difficult.

Colonial understands it may be difficult to save for a down payment, that’s why we are proud to participate in a number of Down Payment Assistance Programs that help provide grants, education and other assistance to potential homebuyers.

Down payment Assistance and Grant Programs vary from state-to-state, and even from county-to-county, so be sure to consult with one of our experienced Loan Officers​ to find out what programs are available in your area.

​Here are some of the home loan programs that many first-time homebuyers can take advantage of:




Video: Low Down Payment Options for Home Loans