The maximum down payment assistance for DC's Home Purchase Assistance Program (HPAP) will increase from $80,000 to $202,000 this coming weekend.
HPAP gives first-time buyers in the District interest-free loans and help with closing costs. The amount awarded is based on income, household size, and down payment amount (see table above), and there is a long list of eligibility requirements. HPAP also offers $4,000 in closing cost assistance.
In addition to HPAP's down payment assistance increasing, the foreclosure moratorium for those who applied to a homeowner assistance program will end on September 30.
This article originally published at https://dc.urbanturf.com/articles/blog/from-80000-to-200000-down-payment-assistance-for-this-dc-homebuyer-program-/20131.
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