diff --git a/dagfactory/dagfactory.py b/dagfactory/dagfactory.py
index 5ecfb19a..909288c0 100644
--- a/dagfactory/dagfactory.py
+++ b/dagfactory/dagfactory.py
@@ -31,8 +31,12 @@ class DagFactory:
     :param config_filepath: the filepath of the DAG factory YAML config file.
         Must be absolute path to file. Cannot be used with `config`.
     :type config_filepath: str
-    :param config: DAG factory config dictionary. Cannot be user with `config_filepath`.
+    :param config: DAG factory config dictionary. Cannot be used with `config_filepath`.
     :type config: dict
+    :param default_args_config_path: The path to a file that contains the default arguments for that DAG.
+    :type default_args_config_path: str
+    :param default_args_config_dict: A dictionary of default arguments for that DAG, as an alternative to default_args_config_path.
+    :type default_args_config_dict: dict
     """
 
     def __init__(
@@ -40,15 +44,33 @@ def __init__(
         config_filepath: Optional[str] = None,
         config: Optional[dict] = None,
         default_args_config_path: str = airflow_conf.get("core", "dags_folder"),
+        default_args_config_dict: Optional[dict] = None,
     ) -> None:
+        # Handle the config(_filepath)
         assert bool(config_filepath) ^ bool(config), "Either `config_filepath` or `config` should be provided"
-        self.default_args_config_path = default_args_config_path
+
         if config_filepath:
             DagFactory._validate_config_filepath(config_filepath=config_filepath)
             self.config: Dict[str, Any] = self._load_dag_config(config_filepath=config_filepath)
         if config:
             self.config: Dict[str, Any] = config
 
+        # These default args are a bit different; these are not the "default" structure that is applied to certain DAGs.
+        # These are in-fact the "default" default_args
+        if default_args_config_dict:
+            # Log a warning if the default_args parameter is specified. If both the default_args and
+            # default_args_file_path are passed, we'll throw an exception.
+            logging.warning(
+                "Manually specifying `default_args_config_dict` will override the values in the `defaults.yml` file."
+            )
+
+            if default_args_config_path != airflow_conf.get("core", "dags_folder"):
+                raise DagFactoryException("Cannot pass both `default_args_config_dict` and `default_args_config_path`.")
+
+        # We'll still go ahead and set both values. They'll be referenced in _global_default_args.
+        self.default_args_config_path: str = default_args_config_path
+        self.default_args_config_dict: Optional[dict] = default_args_config_dict
+
     def _load_yaml_config(self, config_filepath: str) -> Dict[str, Any]:
         """For loading yaml config file, including DAG config and default args config."""
 
@@ -74,8 +96,14 @@ def __and(loader: yaml.FullLoader, node: yaml.Node) -> str:
             config = cast_with_type(config)
         return config
 
-    def _global_default_args(self) -> Optional[Dict[str, Any]]:
-        """If a defaults.yml exists, use this as the global default arguments (to be applied to each DAG)."""
+    def _global_default_args(self):
+        """
+        If self.default_args exists, use this as the global default_args (to be applied to each DAG). Otherwise, fall
+        back to the defaults.yml file.
+        """
+        if self.default_args_config_dict:
+            return self.default_args_config_dict
+
         default_args_yml = Path(self.default_args_config_path) / "defaults.yml"
 
         if default_args_yml.exists():
diff --git a/dev/dags/example_dag_factory_default_config_dict.py b/dev/dags/example_dag_factory_default_config_dict.py
new file mode 100644
index 00000000..bfe7ed8f
--- /dev/null
+++ b/dev/dags/example_dag_factory_default_config_dict.py
@@ -0,0 +1,19 @@
+import os
+from pathlib import Path
+
+# The following import is here so Airflow parses this file
+# from airflow import DAG
+import dagfactory
+
+DEFAULT_CONFIG_ROOT_DIR = "/usr/local/airflow/dags/"
+CONFIG_ROOT_DIR = Path(os.getenv("CONFIG_ROOT_DIR", DEFAULT_CONFIG_ROOT_DIR))
+
+config_file = str(CONFIG_ROOT_DIR / "example_dag_factory_default_config_dict.yml")
+
+example_dag_factory = dagfactory.DagFactory(
+    config_file, default_args_config_dict={"default_args": {"start_date": "2025-01-01", "owner": "global_owner"}}
+)
+
+# Creating task dependencies
+example_dag_factory.clean_dags(globals())
+example_dag_factory.generate_dags(globals())
diff --git a/dev/dags/example_dag_factory_default_config_dict.yml b/dev/dags/example_dag_factory_default_config_dict.yml
new file mode 100644
index 00000000..854384e5
--- /dev/null
+++ b/dev/dags/example_dag_factory_default_config_dict.yml
@@ -0,0 +1,16 @@
+daily_etl:
+  schedule: "@daily"
+  tasks:
+    extract:
+      operator: airflow.operators.bash_operator.BashOperator
+      bash_command: "echo extract"
+    transform:
+      operator: airflow.operators.bash_operator.BashOperator
+      bash_command: "echo transform"
+      dependencies:
+      - extract
+    load:
+      operator: airflow.operators.bash_operator.BashOperator
+      bash_command: "echo load"
+      dependencies:
+      - transform
diff --git a/docs/configuration/defaults.md b/docs/configuration/defaults.md
index bf755141..ff539023 100644
--- a/docs/configuration/defaults.md
+++ b/docs/configuration/defaults.md
@@ -59,16 +59,23 @@ single DAG.
 
 ### Example using of default block for dynamic DAG generation
 
-Not only can the `default` block in a YAML file be used to define `default_args` for one or more DAGs; it can also be
-used to create the skeleton of "templated" DAGs. In the example below, the `default` block is used to define not only
-the `default_args` of a DAG, but also default Tasks. These Tasks provide a "template" for the DAGs defined in this file.
-Each DAG (`machine_learning`, `data_science`, `artificial_intelligence`) will be defined using the values from the
-`default` block, and like with `default_args`, can override these values. **This is a powerful way to use DAG Factory
-to dynamically create DAGs using a single configuration.**
+   Not only can the `default` block in a YAML file be used to define `default_args` for one or more DAGs; it can also be
+   used to create the skeleton of "templated" DAGs. In the example below, the `default` block is used to define not only
+   the `default_args` of a DAG, but also default Tasks. These Tasks provide a "template" for the DAGs defined in this
+   file. Each DAG (`machine_learning`, `data_science`, `artificial_intelligence`) will be defined using the values from
+   the `default` block, and like with `default_args`, can override these values. **This is a powerful way to use DAG
+   Factory to dynamically create DAGs using a single configuration.**
+
+   ```yaml title="Usage of default block in YAML"
+   --8<-- "dev/dags/example_dag_factory_default_config.yml"
+   ```
 
+### Specifying `default_args` in a `.py` file
 
-```yaml title="Usage of default block in YAML"
---8<-- "dev/dags/example_dag_factory_default_config.yml"
-```
+   In the `.py` used to instantiate a DAG defined using YAML, default arguments in the form of a Python dictionary can
+   be set using the `default_args_config_dict` parameter in the `DAGFactory` class. This mirrors the functionality of
+   manually specifying a `default_args_config_ypath` in the `DAGFactory` class.
 
-Currently, only `default_args` can be specified using the `defaults.yml` file.
+   ```python title="Usage of default_args_config_dict in .py file"
+   --8<-- "dev/dags/example_dag_factory_default_config_dict.py:13:19"
+   ```
diff --git a/tests/test_dagfactory.py b/tests/test_dagfactory.py
index 797f9e21..8d20ca13 100644
--- a/tests/test_dagfactory.py
+++ b/tests/test_dagfactory.py
@@ -490,6 +490,17 @@ def test_build_dag_with_global_default():
     assert dags.get("example_dag").tasks[0].depends_on_past == True
 
 
+def test_build_dag_with_global_default_dict():
+    dags = dagfactory.DagFactory(
+        config=DAG_FACTORY_CONFIG,
+        default_args_config_dict={
+            "default_args": {"start_date": "2025-01-01", "owner": "global_owner", "depends_on_past": True}
+        },
+    ).build_dags()
+
+    assert dags.get("example_dag").tasks[0].depends_on_past == True
+
+
 def test_load_invalid_yaml_logs_error(caplog):
     caplog.set_level(logging.ERROR)
     load_yaml_dags(
diff --git a/uv.lock b/uv.lock
index 2268a564..1d681e6f 100644
--- a/uv.lock
+++ b/uv.lock
@@ -959,7 +959,7 @@ dev = [
 
 [package.metadata]
 requires-dist = [
-    { name = "apache-airflow", specifier = ">=2.3" },
+    { name = "apache-airflow", specifier = ">=2.4" },
     { name = "apache-airflow-providers-cncf-kubernetes" },
     { name = "apache-airflow-providers-http", specifier = ">=2.0.0" },
     { name = "apache-airflow-providers-slack", marker = "extra == 'tests'" },
@@ -1058,7 +1058,7 @@ name = "exceptiongroup"
 version = "1.3.0"
 source = { registry = "https://pypi.org/simple" }
 dependencies = [
-    { name = "typing-extensions", marker = "python_full_version < '3.12'" },
+    { name = "typing-extensions", marker = "python_full_version < '3.11'" },
 ]
 sdist = { url = "https://files.pythonhosted.org/packages/0b/9f/a65090624ecf468cdca03533906e7c69ed7588582240cfe7cc9e770b50eb/exceptiongroup-1.3.0.tar.gz", hash = "sha256:b241f5885f560bc56a59ee63ca4c6a8bfa46ae4ad651af316d4e81817bb9fd88", size = 29749, upload-time = "2025-05-10T17:42:51.123Z" }
 wheels = [