First Time Homebuyer Programs in DC, MD and VA 2023 & 2024

🔑 Unlock the door to your first home with ONE Street by educating yourself about available opportunities!
We're here to guide first-time homebuyers through the maze of incredible programs in DC, Maryland, and Virginia. 🏠
From the DC Open Doors program offering impressive down payment assistance, to Maryland's SmartBuy 2.0, which not only helps you get your dream home but also pays off student loans, we've got all the tools to make homeownership a reality.
In Virginia, benefit from the VHDA Down Payment Grant and the VHDA FHA Plus loan, offering attractive down payment options.
These programs, along with options like the Mortgage Credit Certificate which converts mortgage interest into tax credits, make the home buying process smoother and more attainable.
With The ONE Street Company, navigating these programs and others is a breeze.
We're here to ensure you can say 'YES' to homeownership, no matter what your financial situation is.
Start your journey with us today, and let's turn your dream home into your next address. 🏠
Click link in bio to talk to a ONE Street local expert today to explore all your options or visit vist.ly/ewyq.
Transcript:
Hey there, future homeowners! We know saving for a down payment in the pricey Washington region can feel like climbing Mount Everest. But don't worry - The ONE Street Company has got your back with a variety of first-time homebuyer programs to help you reach that peak."
Let's talk about D.C.'s dynamite solutions first! The Home Purchase Assistance Program (HPAP) offers up to $50,000 in financing assistance and $4,000 for closing costs.
Meanwhile, DC Open Doors offers a loan to bridge the gap between your home's purchase price and your approved mortgage amount. You could receive up to 3.5% of your home's sale price or appraised value, for your down payment or closing costs. But here's the zinger - repayment is deferred for 30 years, or when you sell, or refinance.
And don't forget about the Mortgage Credit Certificate, which turns 20% of your mortgage interest into tax credits. Now, isn't that a sweet deal?
Maryland may be famous for crabs, but it also has some cracking homebuyer programs! Maryland SmartBuy 2.0 eases the transition for those with college debt into homeownership, paying off college loans while you get your dream home. The Maryland Mortgage Program also provides a deferred payment loan at 0% interest to cover costs. And once again, a Mortgage Credit Certificate is there to convert your mortgage interest into tax credits.
Over in Virginia, first-time buyers can benefit from the VHDA Down Payment Grant and the VHDA FHA Plus loan. These offer a down payment grant of 3-3.5% of the home price, or a down payment of 3-5% in the form of a second mortgage loan. To top it off, the VHDA Mortgage Tax Credit Certificate gives you a tax credit for 20% of your mortgage interest.
So, are you ready to take your first step towards homeownership? Don't let money stand in your way. With the support from The ONE Street Company and these incredible programs, your dream home in Washington, Maryland or Virginia is closer than you think!
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