In today’s market, many aspiring homeowners face a familiar challenge: coming up with the down payment. For real estate professionals, this hurdle often means the difference between a motivated buyer and a missed opportunity. That is where the Aurora Down Payment Assistance (DPA) Program shines.

Designed to help qualified buyers bridge the gap between dream and reality, Aurora DPA offers up to 3.5% in down payment assistance through forgivable or repayable second liens. With flexible guidelines, a minimum 600 FICO score requirement, and eligibility for 1–2 unit or doublewide manufactured homes, this program helps agents turn “not yet” buyers into homeowners today.

By introducing clients to this program, realtors can expand their market reach, build stronger trust, and close more deals, especially among first-time buyers who may believe homeownership is out of reach.

Why Realtors Should Care About Aurora DPA

As a realtor, your reputation thrives on helping buyers find not just a home, but a way to afford that home. Aurora DPA provides an incredible opportunity to do just that. With flexible underwriting (manual or AUS) and no payments required on the forgivable second, this program adds serious value to your buyer consultations.

Moreover, the forgivable second lien comes with a 0% interest rate and is forgiven after 36 consecutive on-time payments on the first mortgage. That is a major selling point for buyers worried about long-term debt.

Realtors who understand this program can position themselves as resourceful, solution-oriented partners. By aligning with lenders who offer Aurora DPA, you can build loyalty, attract more pre-approved clients, and become the go-to expert in your community for down payment solutions.

Program Highlights Realtors Need to Know

Let’s break down the key points that matter most when you’re presenting this to your clients:

• Assistance Amount: Up to 3.5% of the purchase price for down payment and closing costs

• Credit Requirements: Minimum 600 FICO (620 for manufactured homes)

• Property Types: Eligible for 1–2 unit properties and doublewide manufactured homes

• DTI: Per AUS or manual underwriting, allowing more buyers to qualify

• Income Limits: For the forgivable option, borrower income must be ≤160% of the Area Median Income (AMI)

• Forgivable 2nd: 30-year term, 0% interest, no payments, forgiven after 36 on-time payments

• Non-occupant co-borrowers: Allowed, giving flexibility to multi-generational or family-supported buyers

These features are not just attractive—they are transformative for clients who may have a solid income but limited savings. The Aurora DPA program removes one of the biggest barriers to homeownership while keeping the process simple and transparent.

Turning Features into Selling Points

To maximize the impact of Aurora DPA in your marketing and client conversations, focus on benefits, not just features. Here’s how you can frame it:

• From “I can’t afford a down payment” to “I can qualify!”
  The Aurora DPA program empowers buyers who have a stable income but limited savings to purchase a home sooner than expected.

• From “I’m worried about monthly payments” to “I can manage my budget.”
  Since the forgivable second has no payments and 0% interest, your clients can enjoy the benefits of homeownership without adding extra monthly costs.

• From “I’ll never qualify” to “Let’s make it happen.”
  With a minimum 600 FICO and flexible DTI requirements, many borrowers who thought they were ineligible now have a clear path forward.

By communicating these benefits with confidence, you help buyers see that homeownership is not just possible—it’s within reach right now.

How Realtors Can Integrate Aurora DPA into Their Strategy

Integrating the Aurora DPA program into your real estate strategy can elevate your business in multiple ways:

1. Educate Your Clients Early
   Mention Aurora DPA in your buyer consultations, open house materials, and social media posts. Many first-time buyers are unaware of the assistance programs available. A quick introduction could spark serious interest.

2. Collaborate with Lenders Who Offer the Program
   Partner with lenders familiar with Aurora DPA to ensure smooth processing and accurate guidance for clients. Consistency builds trust and makes you a stronger advocate for your buyers.

3. Promote Success Stories
   Share testimonials or examples of families who achieved homeownership through Aurora DPA. Real stories build emotional connection and highlight your expertise in finding real solutions.

4. Leverage Marketing Tools
   Add the Aurora DPA tagline to your marketing materials. Use phrases like “Ask me how you can buy a home with as little as 0% down” to attract attention both online and offline.

The more you integrate this program into your marketing and client experience, the more value you bring as a realtor who doesn’t just sell homes but creates homeowners.

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