Arcasa Introduces Nationwide Energy-Smart DPA Program To Down Payment Resource Platform
Arcasa, a provider of solar-integrated mortgage solutions, and Down Payment Resource, a provider of technology for connecting homebuyers with homebuyer assistance programs, announced that Arcasa’s Energy-Smart DPA program is now listed nationwide in Down Payment Resource’s DPA Directory. Energy-Smart DPA combines a market-rate home loan with energy-efficient upgrades, giving homebuyers a single, streamlined path to both homeownership and long-term utility savings.
Available for use with Federal Housing Administration (FHA) financing, Arcasa’s Energy-Smart DPA program is designed to help homebuyers access energy-efficient home improvements while eliminating one of the most common barriers associated with purchasing a home: saving for a down payment. The nationwide program, which can be white-labeled to suit a lender’s unique branding, offers homebuyers a market-rate first mortgage paired with either a forgivable second mortgage or a DPA grant. It has no geographic or area median income (AMI) caps and offers significantly lower fees than many DPA programs and traditional solar financing options.
“For years, the challenge has been finding a way to integrate energy-efficient upgrades into home financing in a way that works for both homebuyers and lenders,” said Cole Bestgen, CEO of Arcasa. “Arcasa’s deep expertise in both the solar and mortgage industries has allowed us to design a practical solution that lenders can deliver at scale while providing meaningful upfront and life-of-loan savings to borrowers.”
“The combination of broad program eligibility and attractive financial incentives makes Arcasa’s Energy-Smart DPA program a compelling option for today’s homebuyers, who are actively seeking creative ways to make homeownership more affordable,” said Rob Chrane, founder and CEO of Down Payment Resource. “It’s also a smart way for lenders to unlock more transactions in a market where every transaction counts.”
Solar installation, a required component of the financing package, takes place after closing and does not delay the loan process. Arcasa works with local installers to coordinate the upgrades, helping buyers avoid the high sales commissions and additional financing costs often associated with post-purchase solar projects.
By incorporating solar incentives at the time of purchase, Arcasa’s Energy-Smart DPA program allows borrowers to reduce upfront origination costs and potentially lower their monthly mortgage payments. Buyers may also be eligible for a 30% federal tax credit, subject to qualification, and monthly utility bill savings after installation is complete. According to Zillow, homes with solar sell for an average of 4.1% more than comparable non-solar homes, underscoring the potential long-term value for homeowners.
Full details on Arcasa’s Energy-Smart DPA program are available to Down Payment Resource enterprise customers through the DPA Directory. Down Payment Resource streamlines management of homebuyer assistance programs by making a lender’s DPA offerings available to underwriters, mortgage loan officers and consumers through role-based portals and direct loan origination system integration.
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