DC HPAP HOME PURCHASE ASSISTANCE PROGRAM. GET UP TO $70,000!

WASHINGTON DC has a great home purchase assistance program giving buyers the chance to buy a house with up to $70,000 in assistance.

Home Purchase Assistance Program Description

The Home Purchase Assistance Program (HPAP) enables lower-and moderate-income individuals and families to purchase affordable housing in Washington, D.C. Qualified HPAP applicants can receive up to $70,000 in financial assistance to purchase single-family houses, condominiums and cooperative apartments. HPAP funds can be used for down payment and/or closing costs.

The HPAP Purchase Assistance is in the form of low interest 5 year deferred loan.

Loan amounts are determined by a combination of factors, including income, household size, and the amount of assets that an applicant can commit toward the purchase price of a home. In addition, all loan recipients are required to maintain their properties in compliance with D.C. Housing Codes.

HPAP Fact Sheet

The Department of Housing and Community Development (DHCD) has implemented changes to our Home Purchase Assistance Program (HPAP) that will better enable low-to-moderate income residents to purchase a home in the District.

Qualified applicants can receive financial assistance for downpayment and closing costs to purchase single-family houses, condominiums or cooperative units.

Are You Eligible?


To be eligible for HPAP assistance, you must meet the following criteria:

1. Be the head of the household and a first-time homebuyer.
   
2. Be a low-to-moderate income resident, based on the Department's standards.
   
3. Cannot have had ownership interest in any residential real estate within the three years prior to application.
   
4. The purchased home must be the borrower's primary residence and must be located within the District of Columbia.
   
5. Possess a good credit rating.
   
6. Applications are prioritized based on the following:
   
   
   
   1. low-income, elderly, handicapped, disabled or displaced District residents
      
   2. other District residents
      
   3. non-residents who have been employed in the District for one year prior to application
      
   4. non-residents who have lived in the District for three years as an adult
      
   
   

Please note: District residents will always be the priority for HPAP assistance. Non-resident applications will be accepted, but only processed for eligibility at times when there are no pending applications from District residents.

Please email me for more details! Ths is a great program to piggyback with FHA and MyCommunity loans! And we do them!!