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Does anyone know of any FHA Down Payment Assistance Programs in the DC Metro Area? I am a Broker.

Profile picture for ggtj69
I am a Mortgage Broker and I am trying to provide access to down payment assistance to my FHA clients.  I am interested in both grant & loan programs, but primarily grant.  I originate in the DC/MD/VA areas.
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January 19 - Silver Spring
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Answers (4)

Profile picture for 1stTimebuySpecialist
Hi, I do a lot of CDA, PG My Home and also AA county. The problem you are going to have is the state and county programs are not set up for broker particapation. As a broker you are not funding the loan and therefore cannot particapate.
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February 14
Profile picture for SteveMDDCVA
There is also the HOC loan in Montgomery County, but the client has to live in and work in Montgomery County. They will provide up to a $10,000 second trust to cover downpayment.
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January 30
Profile picture for Chris Speicher
This might help: http://www.mmprogram.org/index.aspx
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January 19
Profile picture for shapiroamg
You might be better off looking at the individual towns and cities your clients might be looking in. Towns/Cities will get Hud Block Grants and sometimes sets aside this money for soft second loans and grants for closing costs.
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January 19
 

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