Freedom Down Payment Assistance: Making Homeownership Possible

At Joe Costa and Park Place Collective, we believe everyone deserves the opportunity to achieve the dream of homeownership. That’s why we’re proud to introduce the Freedom Down Payment Assistance Program (Freedom DPA)—a truly unique solution designed to remove one of the biggest barriers to buying a home: the down payment.

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What Makes Freedom DPA Different?

Most lenders offer “down payment assistance” programs that come with strings attached:

• Payback requirements

• 2nd liens on your property

• Long holding periods (5–10 years!) before forgiveness

The Freedom DPA is different. It’s fully forgivable—right from the start. That means:
✅ No payback.
✅ No 2nd lien.
✅ No resale restrictions.
✅ True financial freedom.

When you close, your assistance is a grant, not a loan. You walk away owing nothing.

How It Works

• 2.5% or 3.5% Fully Forgivable Grant applied toward your down payment.

• No lien, no payback, no hidden restrictions.

• First-time homebuyers qualify, plus additional options are available for other buyers.

• Approved through AUS (DU or LP) and TBD underwriting—giving real estate partners confidence up front.

• Manual underwriting available for borrowers with a 580+ FICO.

For example: On a $500,000 purchase, with Freedom DPA, your principal loan balance after closing is just $482,500 (excluding UFMIP).

Why Agents & Builders Love It

• TBD Underwriting = faster offers, stronger buyer confidence.

• Rate Options = real flexibility, with competitive pricing and discount buckets.

• Seller Concessions + Freedom DPA = more buyers can qualify, especially in a market where sellers are motivated.

• Builders can use forward commitments with this program to attract more buyers.

Why It’s Called “Freedom”

Because this program truly sets buyers free. Free from debt obligations tied to their down payment. Free from liens that can block a refinance or sale. Free to move, upgrade, or refinance when life changes—without penalty.

Ready to Learn More?

The Freedom Down Payment Assistance Program is already helping families, first-time buyers, and agents unlock opportunities in today’s market.

Visit www.freedomdpa.com or contact Joe Costa and Park Place Collective today to see how Freedom DPA can help you—or your clients—make the dream of homeownership a reality. O:619-990-7552 C:646-245-7856 info@parkplacecollective.com www.freedomdpa.com

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