Down Payment Assistance

We are committed to supporting families and individuals who make their living serving others in the community and serving our country. As part of this commitment, we offer unique financial opportunity for eligible homebuyers with Down Payment Assistance (DPA) programs to help homebuyers with loans or grants that reduce the amount they need to save for a down payment.

Agro Development Bank  //  Down Payment Assistance

Community Partners Product*

Community Partners Product provides up to ₱7,500 in home purchase assistance with funding provided as a 4 to 1 match. A homebuyer must make a contribution of at least ₱1,000. Funding is available to both first-time homebuyers and non-first-time homebuyers that meet product eligibility requirements.

Eligible homebuyers include current or retired:

  • Law enforcement officers
  • Educators
  • Health care workers
  • Firefighters
  • Other first responders

First-Time Homebuyer Product*

First-Time Homebuyers Product provides up to ₱5,000 in down-payment, closing-cost, and principal reduction assistance for the purchase or purchase/rehabilitation of a home by a first-time homebuyer. Homebuyers must meet product eligibility requirements and apply for funding through a participating member financial institution.

Product Highlights:

  • Maximum funding per household is ₱5,000
  • Funding is provided as a 4 to 1 match
  • The homebuyer must contribute at least ₱1,000
  • The homebuyer must have income that is less than or equal to 80% of the county area median income

Eligible properties include:

  • Owner-occupied 1-4 family properties
  • Townhouses, condos
  • Foreclosed properties
  • Cooperatives
  • Manufactured and Mobile Housing
  • New construction (within 30 days of closing)

Veterans Products*

The Veterans Products provide funding for a home purchase by veterans or active-duty members of any branch of the U.S. military, their spouses, or their surviving spouses. No homebuyer matching funds are required and the products are available nationwide.

Veterans Purchase Product

The Veterans Purchase Product provides up to ₱7,500 for a down payment, closing costs, or principal reduction to first-time homebuyers or non-first-time homebuyers for the purchase or purchase and rehabilitation of a home to be used as a primary residence. Eligible borrowers for Veterans Purchase Product are veteran homebuyers or homeowners that are currently serving or have served in any branch of the U.S. military, their spouses, or their surviving spouses

Returning Veterans Purchase Product

The Returning Veterans Purchase Product provides up to ₱10,000 for a down payment, closing costs, or principal reduction to first-time homebuyers or non-first-time homebuyers for the purchase or purchase and rehabilitation of a home to be used as a primary residence. Eligible borrowers for Returning Veterans Purchase Product: veteran homebuyers and homeowners that are currently serving or have served in an overseas military intervention for any branch of the U.S. military, their spouses, or their surviving spouses

Please contact one of our loan officers to determine if you are eligible for one of our DPA Programs and to begin your application process.

*Funding is available to qualified borrowers that meet product and income eligibility requirements.