ARLINGTON HOMEBUYERS ASSISTANCE PROGRAM (AHAP)

Arlington Homebuyers Assistance Program (AHAP)

Down Payment Assistance

 

Arlington HAP Program

Location Served: Arlington, TX

Provider: City of Arlington

Approved Lender: PrimeLending – (888) 324-9070

Website

 
The Arlington Homebuyers Assistance Program offers down payment and closing cost assistance to low income, first time homebuyers. The assistance provided by the AHAP is in the form of a forgivable loan with 0% interest. The loan is only payable if the homebuyer sells, refinances with cash-out, or leases their home within the first five years after purchase. Qualified applicants can receive up to $7,500 for down payment and closing cost assistance. Forgivable, $10,000 DPA loans are available for qualified applicants who purchase a property in a revitalization area or for households with a disabled member.
 

Eligibility Requirements

 
In order to qualify for the Arlington Homebuyers Assistance Program:
 

  • The property purchased must be located in Arlington
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  • The applicant must be a first time homebuyer, or be from a federally declared disaster area
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  • The applicant’s projected total gross household income for the upcoming year may not be greater than the “Low Income” level set by the HUD
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  • The applicant is not permitted to have more than $15,000 in liquid assets
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  • The homebuyer is required to invest at least $1,000 towards the purchase of the home
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  • The applicant must qualify for an FHA, VA or conventional mortgage with a private lender or mortgage broker
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  • The property purchased must meet the minimum housing standards
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  • The homebuyer must use the purchased property as their primary / principal place of residence
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  • The applicant must complete an HUD-approved home ownership training course

 

AHAP Inspection Guide
Lead-Based Paint

 
If you have any additional questions regarding home mortgages, please contact a mortgage expert by filling out the form on the right or calling (888) 324-9070. You can also email MDM@PrimeLending.com.