DPCC FAQs for Lenders

Down Payment / Closing Cost (DPCC) Assistance Program: FAQs for Lenders

  1. Who is qualified to apply for the program?
  2. What are the terms of the loan?
  3. The buyer is also participating in the Affordable Dwelling Unit (ADU) Purchase program. Can they use the DPCC program in conjunction with the purchase?
  1. How long does the application process take?
  2. What do you need from lenders to keep the application process moving?
  3. Are there any other conditions the buyer must meet to qualify?
  1. How soon can we go to settlement after approval?
  2. My client would like to get their earnest money deposit back at closing. Is this allowed?
  3. My client is purchasing a condo with mandatory country club membership and fees. Can they use DPCC funds to finance these expenses?