100% Financing with Down Payment Assistance
At Peoples Choice Mortgage, we believe homeownership should be within reach—no matter your income level or how many homes you've owned. That’s why we’re proud to offer the PCM 100% DPA Loan Program—a flexible solution that covers your entire down payment and even helps with closing costs.
Why This Program Is a Game Changer:
✅ 100% Financing:
Combine an FHA first mortgage with a down payment assistance second—no money down required.
✅ No Income Limits
Unlike many DPA programs, there are no income caps. Open to a wide range of borrowers.
✅ Not Just for First-Time Buyers
Already owned a home? You still qualify. This program is available to repeat buyers too.
✅ Forgivable 2nd Option
Select a no-payment, forgivable second mortgage—ideal for long-term homeowners.
✅ Flexible Guidelines
FHA Purchase Only
620 Minimum FICO (660 for manual underwrites)
Manual underwrite allowed
1–2 unit primary residences only
Up to 101.5% CLTV (includes up to 1.5% in closing costs!)
2/1 Buydown option available to reduce initial monthly payments
Conforming and High-Balance FHA limits available
Who It's For:
Buyers without a down payment saved
Borrowers with steady income but limited reserves
Buyers who need help covering closing costs
First-time or repeat homebuyers
We Are More Than a Brokerage, We Are a Community.
Applying for a mortgage is a big step and we are excited to take it with you. Finding the right loan for your needs is our passion. Our goal is to get to know you, hear your story, and make sure we deliver expert options based on your financial goals. We have multiple options for our clients to communicate with us, based on your preferences, to ensure that you have quick and easy access to our team at all times. Our mission is for you to not just be a client, but someone who closes their loan feeling as though they are part of the PCM family for life.
When We Say Join the Family, We Mean it.
