Home Buyer Programs in DC - A Boon for Home Buyers in DC
                     Home Buyer Programs in DC – A Boon for Home Buyers in DC
https://www.magnolia-realty.com/washington-dc-homes/dc-home
-realtor-rebates/
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.
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.
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/
Contact  us:
Magnol ia Realty Home Buyer  Rebates
A ddress:
17604 Park ridge Dr, G aithersburg,  M 
aryland  P h o ne: 301 - 775 - 0175
Co u ntry: U S A
E m ail - ay a@ magnolia- realty.com
Web - h ttps:// www.magnolia - realty.com/
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