Home Purchase Assistance Program (HPAP)
There are programs to help home buyers with closing help, down payments and more. See if you qualify for HPAP
Be prepared for your HPAP application by having the following:
- Signed application
- Two most recent pay stubs for all parties who will be on the loan.
- Last 30 days bank statements. If you have more than 1 account, all bank accounts and pages mut be included.
- Most current 2-Years federal tax returns
- Most current 2-Years W-2
- Most current 2-Years DC tax returns
- Credit report done within 3 months of application
- Proof of rental payments made on time, called a VOR (verification of rent) form
- Executed lease within DC
- Statement of Authenticity of All Tax Returns
- Award letters for additional income if this applies to any parties on the mortgage application
- Driver's license or identification card copies
- Divorce decree, and if it applies, 3 child support pay stubs & court order
- If you're obtaining a gift for funds, have gift letter (notarized) & 2 recent bank statements from party providing you the gift money
- If Self-Employed, 3yrs federal tax returns, Current YTD P&L
- First Right Notice from landlord
- Letter explaining any employment lapses
- Birth certificates for all dependents (If you have any)
- Written explanation of any credit problems
- Ratified Sales Contract (If you already made an offer and it was accepted)
- Signed Authorization to Release Information to Non-Profit Developers
- Signed Authorization to Release Information for Applicants
Additional details can be found on the official HPAP website