Downpayment assistance program in DC

By
Real Estate Agent with 301.437.0092
http://actvra.in/6YQ

Condo conversions are taking place all over DC, however these are geared toward low-to-moderate income households. These are modern condos with open floor plan and beautifully layed out units ready for new owners.   A non-profit organization, with the support of the local governement, has created an opportunity to assist low - moderate income household with downpayment assistance.  Their goal is to make housing permanently affordable by avoiding rising home prices through shared appreciation.

Benefits of the program:

  • Lowers monthly mortgage payments
  • Reduces out-of-pocket expenses
  • Eliminate private mortgage insurance fees
  • Possibility of owning a home for similar cost of renting
  • Predictable housing costs
  • Each monthly payment builds long-term wealth
  • Enjoy tax-deductible interest payments and other homebuyers tax credit

 

Sharing Appreciation to Support the Community:

If you buy their home and then choose to sell, you will receive 100% of pricipal payments and down payment, the value of any improvements to the home and 25% of market appreciation.

Income requirement:  Maximum income approx. $124,200 for family of 4. This is adjustable based on household size.

To find out more about this affordable housing program please contact Jasmine Jackson at 301-437-0092.

Posted by

Best regards,

  

 

 

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Spam prevention

Accessibility option: listen to a question and answer it!

To submit the form,
drag the folder to the circle on the side.

Type below the answer to what you hear. Numbers or words, lowercase:

Topic:
ActiveRain Community
Location:
District of Columbia
Groups:
HyperLocal Neighborhood and Community Posts
Local Expert
Posts to Localism
Real Estate Trends
Tags:
affordable housing in dc
dc affordable housing programs
down payment assistance
dc housing
purchase real estate in dc
purchase a home

Comments 8 New Comment

Anonymous
Post a Comment
Spam prevention

Accessibility option: listen to a question and answer it!

To submit the form,
drag the foot to the circle on the side.

Type below the answer to what you hear. Numbers or words, lowercase:

Show All Comments
Rainmaker
365,653
Pat Champion
Coldwell Banker Camelot Realty

It is good to know there are options for today's home buyers to help them obtain their dream of home ownership.

March 22, 2011 12:36 PM
Rainer
26,239
Jasmine Jackson
Global Realtor
301.437.0092

Absolutely Pat! Thanks.

March 22, 2011 12:39 PM
Ambassador
1,529,498
Gary Woltal
Assoc. Broker Realtor SFR Dallas Ft. Worth
Keller Williams Realty

Jsamine, it is great you found out about this program. Any kind of assistance is super and more buyers can qualify.

March 22, 2011 01:08 PM
Rainmaker
524,670
Dr. Stacey-Ann Baugh
A doctor who makes house calls.
Century 21 New Millennium

Great information about the downpayment assistance program in DC.  I am posting it on our facebook page as well.

March 22, 2011 01:20 PM
Rainer
26,239
Jasmine Jackson
Global Realtor
301.437.0092

Gary, yes, we are here to help make dreams a reality and hopefully this will help someone. Thanks!

March 22, 2011 01:21 PM
Rainer
26,239
Jasmine Jackson
Global Realtor
301.437.0092

Thanks Stacey! Please feel free to post it.

March 22, 2011 01:23 PM
Rainer
122,248
Cory Barbee
Broker (760) 563-4022

Great post...just tweeted this out..hope it helps..you can follow me @corybarbee..

March 22, 2011 04:47 PM
Rainer
26,239
Jasmine Jackson
Global Realtor
301.437.0092

Thanks for posting Cory, I appreciate you helping me get the word out and I will certainly check you out!

March 22, 2011 08:06 PM
Anonymous
Post a Comment
Spam prevention

Accessibility option: listen to a question and answer it!

To submit the form,
drag the pencil to the circle on the side.

Type below the answer to what you hear. Numbers or words, lowercase:

Show All Comments
Rainer
26,239

Jasmine Jackson

Global Realtor
Ask a question...
*
*
*
Spam prevention

Accessibility option: listen to a question and answer it!

To submit the form,
drag the umbrella to the circle on the side.

Type below the answer to what you hear. Numbers or words, lowercase:

Additional Information

My Washington D.C. Real Estate Listings on Zillow


rets

Mortgage Calculator


Mortgage Calculator Widget

\"QR" style="overflow:hidden;" seamless scrolling="no" id="custom-widget-content" onload="resizeIframe()">Your browser does not support iframe.