1 / 5

Home Buyer Programs in DC - A Boon for Home Buyers in DC

Magnolia Realty is a renowned real estate agency in MD and DC helping several homebuyers buy homes of their dreams. They can also help you with understanding the various home buyer programs in DC that will make your home buying experience enjoyable. For more information visit https://www.magnolia-realty.com/washington-dc-homes/dc-home-realtor-rebates/

magnoliarealty
Download Presentation

Home Buyer Programs in DC - A Boon for Home Buyers in DC

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Home Buyer Programs in DC – A Boon for Home Buyers in DC https://www.magnolia-realty.com/washington-dc-homes/dc-home-realtor-rebates/

  2. Are you getting discouraged to buy your home in DC due to the higher property prices? Then do not worry, there are numerous home buyer programs in DC that are specifically designed for offering affordable housing options for buyers like you. So start planning your home buying in DC without any worries. These home buyer programs in DC help home buyers get into their dream house and the best part is anyone can take advantage of these programs. Wish to know about these programs designed for home buyers in DC? Then take a look: Home Purchase Assistance Program Home Purchase Assistance Program (HPAP) provides first time qualification with interest-free loans and assistance in closing costs. The units that are eligible for this program include condominiums, cooperative units and single-family houses in DC.

  3. The eligibility criteria for the Home Purchase Assistance Program (HPAP) are as follows: ● You must be a first-time home buyer and be the head of your household. ● You must have an extremely low to moderate-income range based on the standards of the Department. ● You cannot have had an ownership interest in any residential real estate within the three years prior to application. ● The purchase home should be the primary residence of the borrower and must be located within the DC area. ● You must also possess a good credit rating. DC Open Doors It is an ideal program for first-time home buyers as well as repeat home buyers in DC. DC Open Doors helps buyers by providing the down payment where they need to apply for a Down Payment Assistance Loan. 20 percent reduction is there in the loan balance every year for five years until the balance becomes zero.

  4. If you are a non-resident you can also apply for the same if you meet these requirements: ● The credit score of at least 660 ● The annual income of less than $145,560 ● The condo or home you are planning to buy is in Washington, D.C. and it qualifies financially with a DCHFA approved lender Eligibility criteria for the program include: ● The borrower must be a first-time homebuyer ● Household income must be included in maximum income limits ● Income limits and maximum sales price varies based upon household size and location of the property ● Single-family residences only Conclusion: Magnolia Realty is a renowned real estate agency in MD and DC helping several homebuyers buy homes of their dreams. They can also help you with understanding the various home buyer programs in DC that will make your home buying experience enjoyable. For more information visit https://www.magnolia-realty.com/washington-dc-homes/dc-home-realtor-rebates/

  5. Contactus: Magnolia Realty Home BuyerRebates Address: 17604ParkridgeDr,Gaithersburg,Maryland Phone:301-775-0175 Country:USA Email-aya@magnolia-realty.com Web-https://www.magnolia-realty.com/ Staywithus:

More Related