The Salt Lake City-headquartered affordable housing program Arrive Home has launched New Foundations DPA, a down payment assistance program designed to accommodate borrowers purchasing manufactured homes.
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 49 states (the exception being 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.”
