Monday, July 13, 2015
Washington DC Open Doors Down Payment Assistance Program for District of Columbia
Do you like to Make or Save Money? Do you currently live in or plan to move to Washington D.C., District of Columbia?
If the answer is yes and you make under $123,395 you may
be able to qualify for Home Buying Down Payment assistance.
This is basically like finding FREE Money !!!!! DC Open Doors
Down Payment Assistance Program (DPAL) is your answer.
This program and funding is available to both first time home buyers and repeat home buyers. DCHFA defines, “First time home buyer’ means you have not owned your primary residence for the last 3 years. If you currently own your primary residence, you can still apply for $0 Down. Your current home must be sold and settled prior to closing on your $0 Down home.
According to DCHFA, "They know your biggest obstacle to a home purchase can be the required minimum down payment so DC Open Doors offers down payment assistance loans (DPAL) that bridge the financial gap between the purchase price of your home and your first trust mortgage loan. If you qualify, you can obtain a DPAL for the full amount of your required minimum down payment, substantially reducing your upfront out-of-pocket expense! See the two examples below."
Currently, DC Open Doors offers its DPAL at a 0% interest rate and it is non-amortizing so you are not required to make monthly payments on it. The loan is only repayable if you sell or refinance your home, or if you no longer occupy it as your primary residence.
Home Buyers Marketing II, Inc offers real estate brokerage Services in DC, MD and VA but is not affiliated with the DC Housing Finance Agency. This program requires a Home Ownership education class contact me to register for a class email@example.com.
For more info and to search homes contact DeAndrea Dee Dee Jones thru GreatDCMetroHomes.org