HPAP: Your Key to Home Ownership
Discover the DC Home Purchase Assistance Program (HPAP), a valuable resource for aspiring homeowners seeking interest-free loans and closing cost aid. HPAP facilitates the acquisition of single-family houses, condominiums, or cooperative units through interest-free loans, factoring income, household size, and applicant assets. The program's maximum assistance is $202,000 for very low- to moderate-income households, with a $4,000 limit on closing cost aid.
Understanding Upfront Fees When Buying
In your pursuit of purchasing your dream home, it's vital to understand upfront fees commonly tied to property acquisitions. These encompass earnest money deposits, home inspection, appraisal, credit report and application charges, closing costs, prepaid expenses, and potential HOA fees. Preparing for these costs, alongside your down payment, is crucial.