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SNAP's Downpayment Assistance Program (DAP) may be able to provide some of the funds needed to purchase a home. Some DAP loans may not require re-payment for 5-30 years. The maximum DAP loan amount is $15,000.
Eligibility
- First-time home-buyer or no homeownership in the past three years
- Total household income must not exceed 80% of Area Median Income
- Buyers must provide 3% of the home purchase price from their own savings
- Buyers must have favorable credit history.
- To be eligible for DAP assistance, home buyers must obtain a loan from a participating lender, which is a House Key trained Loan Originator. To find if your lender is an approved Loan Originator, click here.
- Borrowers must attend at least five hours of Homebuyer Education classes.
- Other eligibility restrictions may apply.
To find out more or for an appointment for additional information and eligibility please call 456-7106.
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