Arrive Home Launches Down Payment Assistance Program For Single-Wide Manufactured Homes
National affordable housing innovator Arrive Home has launched New Foundations DPA, a down payment assistance program designed to accommodate borrowers purchasing manufactured homes. Unlike other DPA programs that exist for manufactured housing, New Foundations DPA accommodates single-wide homes.
The program is available to lenders working with Arrive Home to deliver DPA and other solutions to borrowers seeking an affordable path toward homeownership.
New Foundations DPA provides 3.5% down payment assistance on the purchase price of a single- or double-wide manufactured home on a permanent foundation. The DPA pairs with a 30-year FHA loan and has a 1% fixed interest rate below the first mortgage. The New Foundations DPA program is not limited to first-time homebuyers and is available in all 50 states with the exception of New York.
“The launch of New Foundations DPA represents a meaningful expansion of our mission to unlock responsible homeownership for more families,” said Shawn King, Executive Vice President of National Sales and a co-founder of Arrive Home. “By extending down payment assistance to borrowers purchasing manufactured homes, we’re addressing a critical affordability gap and giving lenders a powerful new tool to help underserved communities. At Arrive Home, innovation isn’t about novelty—it’s about creating practical, scalable solutions that help aspiring homeowners move closer to the American Dream.”
Thanks to its innovative solutions – including its standard DPA program, New Foundations DPA and its Earned Equity Program – Arrive Home has helped more than 15,000 Americans achieve homeownership in the three-plus years since its inception, expanding its team 20-fold to accommodate demand. It currently works with seven of the top 10 major mortgage lenders in the U.S.
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