We found help if you’re a DC first time home buyer! We found assistance programs that could help you find a home and could even help you with a down payment.
Get a grant if you’re a DC first time home buyer.
The DC Department of Community Development might be able to help if you’re a DC first time home buyer. The program offers CBOs that might make it easier for you to purchase a home. You could use the assistance through the program to help you pay for your down payment. It could help to help make it easier to pay for closing costs. Since the program is one that provides help, you can use this assistance with most loans (both traditional and non-traditional). Lenders might have certain requirements to use these assistance options so make sure you always check with your lender!
The Employer Assisted Housing Program could help with up to $10,000 you can use for down payment assistance. You will need to use this in an area that your employer considers eligible which might make it difficult if you’re purchasing a home in an area outside of the DC city limits. There are other requirements you’ll have to meet if your employer has them in place.
The HPAP could help if you’re in need of assistance for closing costs on your home. Since this program is specifically for closing costs, you might be able to use it in combination with other programs if you qualify for help with both of them. The program has strict income and residency guidelines you’ll need to meet to get assistance. You may be able to qualify for up to $4,000 if you meet the program requirements.
There are programs available for DC home buyers!
If you qualify for help through the HPAP, you might be able to get up to $80,000 in non-traditional financing. This program could help you with the gap between the home you want to purchase and the amount you’re qualified for with a mortgage. This is a loan that you’ll have to pay back in addition to your mortgage.
The Negotiated employee assistance home purchase program could help you save money on your home purchase in DC. If you’re a DC first time home buyer, this program might make it easier for you to qualify for a home or get help purchasing your first home. The program has different requirements depending on your employer and might be easier or harder to get in different instances depending on the employer’s requirements.
The DC Housing Finance Authority could help you with the DC open doors program. If you’re a DC first time home buyer, this program might be able to help you find a house, find financing for your house or even get help with a variety of assistance programs.
The Habitat for Humanity might be able to help you get into a home. If you’re in desperate need of a home in DC or you are unable to find something that you’re qualified for, you could get help through Habitat. The program has a waitlist and requires you to put sweat equity into the home.
Are you a veteran? We found help in DC!
If you’re a veteran and a DC first time home buyer, you could get help with a loan that’s backed by the VA. You will still need to meet loan requirements. These might be easier for you as a veteran than if you were trying to get a traditional loan without VA backing. You will need to apply for and meet the qualifications the VA has in place.