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ARLINGTON HOMEBUYERS' ASSISTANCE PROGRAM
Description
The Arlington Homebuyer’s Assistance Program provides up
to $7,500 per household (and up to $10,000 per household
in a target area) for down payment and closing cost
assistance for qualified first time homebuyers. In
addition, eligible households with a family member with
a disability can receive $10,000 in assistance.
The assistance is provided as a zero percent interest,
2nd lien loan, forgivable over time.
Criteria for Eligibility
Participants must:
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Have a total household income at the time of
application that does not exceed the HUD “low
income” limit, which is 80% of Area Median Income.
See the
HUD Income Limit
schedule.
-
Be
first time homebuyers, or be relocated from a
federally declared disaster area
-
Have
no more than $15,000 in liquid assets
-
Contribute
$1,000 towards the purchase
-
Intend
to reside in the home being purchased
-
Attend a HUD approved homeownership counseling
course
-
Qualify
for a mortgage
For More Information and to get Pre-Qualified for Free
Call 866-650-7923
Or
Complete the Form Below |
