0% Down with Essex DPA
100% financing solutions to help you buy a home with no upfront down payment
The Essex Down Payment Assistance (DPA) program provides eligible homebuyers with true 100% financing by pairing an FHA first mortgage with a second mortgage that covers your down payment — so you can buy a home with zero down.
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How Essex DPA Helps You
What Is the Essex DPA Program?
With Essex DPA, you can secure an FHA loan plus a second lien that covers up to 3.5% (or even 5%) of the purchase price, eliminating the need for a down payment. Whether you’re a first-time buyer or have less-than-perfect credit, this program helps you move forward without draining your savings.
The Essex DPA program offers two second-lien options:
- A 10-year amortized second mortgage (with a competitive rate)
- A 30-year forgivable second mortgage (at 0% interest, forgiven after 10 years if you remain in the home)
Both options provide the down payment coverage you need to achieve 100% financing, helping you buy your home with no upfront cash.
Key Features of Essex DPA
Zero down payment required — 100% financing
Available with FHA loans
Options for either repayable or forgivable second lien
Accepts FICO scores as low as 600
No first-time homebuyer requirement
Who Can Benefit from Essex DPA?
Buyers with limited cash for a down payment
Borrowers with lower credit scores (minimum 600 FICO)
First-time or repeat homebuyers
Buyers needing flexible, lender-backed assistance
Homebuyers in 48 eligible states (excluding NY and WA)
How It Works
- Explore Your Best Options: Check your eligibility and see how Essex DPA’s 100% financing can fit your homebuying plans.
- Compare and Customize: We’ll explain the two second-lien options, monthly payment details, and how zero down could work for your budget.
- Take the Next Step: Fill out the form to get started. The process is fast, secure, and designed to help you move forward confidently.
About Mutual of Omaha Mortgage
The Mutual of Omaha Insurance Company has been helping customers since 1909. Inspired by hometown values and committed to being responsible and caring for each other, we exist for the benefit of our customers.
As a full-service mortgage lender, we have the solution for nearly every mortgage need. Our portfolio of home financing options include: fixed and adjustable rate loans, FHA, VA, USDA, jumbo loans, and refinancing programs. Along with our products, we offer competitive rates, a streamlined process and local underwriting and processing support —all focused on helping serve the needs of customers.
- A wide range of home refinancing
- Timely, accurate loan status updates
- Competitive rates and fees
- A+ rating with Better Business Bureau
Frequently Asked Questions
No! Essex DPA is available to both first-time and repeat homebuyers who meet basic credit and income requirements.
You can choose between a 10-year amortized loan with payments or a 30-year forgivable loan at 0% interest — both designed to cover your down payment.
A minimum FICO score of 600 is required, with DU or LP automated approval. Manual underwrites may require a 660 score.
Yes — funds can cover down payment and/or closing costs, depending on your loan structure.
Just a Minute Could Unlock 0 Down Payment
Answer a few quick questions and see if you might qualify zero down payment financing with Essex DPA. No commitment.
