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ARLINGTON HOMEBUYERS' ASSISTANCE PROGRAM
The Arlington Homebuyers’ Assistance Program (AHAP) provides down
payment and closing cost assistance to low income, first time
homebuyers. Assistance is provided in the form of a $7,500
forgivable loan for down payment and closing cost assistance. For
properties located in a revitalization area (NRSA
map), $10,000 in assistance is available. $10,000 is
also available to households with a disabled family member. The loan
is 0% interest and is payable only if you sell, convey, refinance,
or pay off the first lien on your home.
Criteria for Eligibility
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The buyer must be a
first-time
homebuyer, or be from a federally declared disaster area.
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The total projected household income for the next
12 months must not be higher than the "Low Income" level of
HUD
Income Limits.
-
The homeowner must have less than $15,000 in
liquid assets.
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The homebuyer must contribute a minimum of $1,000
towards the purchase.
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The homebuyer must qualify for a mortgage loan
with a private lender or mortgage broker.
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The home being purchased must be the buyer's
principal place of residence and must be located in Arlington.
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The homebuyer must attend a HUD approved
homeownership training class.
Realtor's Link (pdf)
Frequently Asked Questions (FAQ)
Download current brochure
(pdf)
Descargue el
folleto
(pdf) EN ESPANOL
Application Process
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