HomeCapital Down Payment Assistance Program

HomeCapital, a team of professionals from different fields such as Finance, Real Estate & Technology, was started with a motive to increase the affordability of home buyers. They help the home buyers by contributing a portion of the down payment needs. The growth of the real estate market, rising levels of income, schemes from the government has made it easy to buy a home, however the down payment is still a major hurdle. Without enough funds for the down payment, people settle for cheaper options or borrowing funds from family/friends, taking loans or liquidating the contingency funds. Not having sufficient down payment may also lead to higher interest rates and higher EMIs.

This situation was addressed by HomeCapital (DPA) Down Payment Assistance Program for the home buyers to let them buy their dream home today. They’ve pioneered India’s first Down Payment Assistance Program. The program will help the buyers with up to 50% of the down payment needs. It helps them to focus on the choices of their home rather than thinking about the down payment fulfillment. This down payment assistance is in the form of interest-free credit equal to the share of the buyer towards the down payment provided by their partnered financial institutions. DPA is provided on the participating projects in the program where the interest is borne by HomeCapital. There is no difference in home prices if a buyer decides to go for HomeCapital Down Payment Assistance Program. Homebuyers make an independent home purchase decision.

The goal of HomeCapital is to give everyone the opportunity to buy a home at an early stage in life rather than saving up for the future.