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.

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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
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Rainmaker
524,470
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
122,216
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
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Rainer
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Jasmine Jackson

Global Realtor
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Additional Information

Contact Me
Interested in selling your home? Contact me to get a professional estimate.
Jasmine Jackson
Call: 3014370092
My Washington D.C. Real Estate Listings on Zillow


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