Assistance for low-income families, often in the form of zero-interest loans. 5. Potential Drawbacks
Some DPA is offered as a (e.g., forgiven after 5-10 years of residency). bond program for home buying
: Military veterans are often exempt from this requirement. Assistance for low-income families, often in the form
: Eligibility is capped based on the Area Median Income (AMI) and the local cost of housing. Assistance for low-income families
: You must use the home as your primary residence ; moving out or renting it can trigger immediate repayment of assistance loans.
: These programs often offer fixed-rate mortgages at below-market interest rates because the underlying bonds are tax-exempt.