TAP (Total Action for Progress) HOMEownership Down Payment & Closing Cost Assistance Program

TAP (Total Action for Progress) HOMEownership Down Payment & Closing Cost Assistance Program is a deferred second loan for homebuyers in Roanoke, Virginia, administered by Total Action for Progress (TAP into Hope), DHCD-designated regional DPA provider for the Roanoke Valley. TAP (Total Action for Progress), a Roanoke Valley community action agency, is a Virginia DHCD-designated regional provider of the HOMEownership Down Payment & Closing Cost Assistance Program, funded through HUD HOME. It provides 0%-interest, deferred, forgivable silent-second gap financing to first-time homebuyers at or below 80% AMI — up to 10% of sales price (up to 15% in high-cost areas) plus up to $2,500 closing costs, $40,000 maximum, forgiven after a 5- or 10-year affordability period. As of June 2026, TAP's page states limited funds are available first-come, first-served. 0% interest deferred/forgivable second mortgage. no monthly payments. forgiven after affordability period. up to 10-15% of price plus up to $2,500 closing costs. stackable. free homebuyer education and counseling. Funding comes from Federal HUD HOME funds via Virginia DHCD annual allocation.

TAP (Total Action for Progress) HOMEownership Down Payment & Closing Cost Assistance Program offers between $1,000 and $40,000 in assistance. Award tiers: Up to 10% of sales price (standard) or up to 15% in DHCD-designated high-cost/economically depressed localities, plus up to $2,500 closing costs; $40,000 maximum total. Forgiveness term: 5 years for $1,000-$14,999; 10 years for $15,000-$40,000. Homebuyer contribution: Income 50%-80% AMI: contribute 1% of sales price from personal funds. Income below 50% AMI: contribute $500. The program can be combined with May be leveraged with VIDA, ARS, Virginia Housing DPA, Virginia Housing SPARC, FHLB, USDA, and other lender/employer/housing-authority programs. Amounts are the program's published maximums, not an offer — Total Action for Progress (TAP into Hope), DHCD-designated regional DPA provider for the Roanoke Valley determines any individual award.

TAP (Total Action for Progress) HOMEownership Down Payment & Closing Cost Assistance Program is deferred, so no payments are due until the home is sold, refinanced, or the first mortgage is paid off. Repayment is triggered by Sale, transfer of title (voluntary or involuntary), loss of owner-occupancy, or loan assumption during the period of affordability. The assistance is recorded in Second (silent second / deferred loan via DHCD HOME Deed of Trust, subordinate to first trust mortgage) position. Forgiveness and repayment terms are set by the program and can change — confirm them on the official program page before applying.

TAP (Total Action for Progress) HOMEownership Down Payment & Closing Cost Assistance Program is open to first-time homebuyers and homebuyers who will live in the home as their primary residence. "First-time" has exceptions here: No primary-residence ownership in the most recent 3 years qualifies as first-time; exceptions for mobile homes titled as personal property and non-occupied inherited/investment property. On credit, the program states: FICO median 620+ with at least 3 open, current trade lines; alternative credit (rent, utilities, retail) with 3+ trades may be considered. A homebuyer education course is required, through HUD-certified Homebuyer Education via Virginia Housing, NeighborWorks, or HUD-certified agency; HUD-certified housing counseling required. TAP offers its own counseling and education. Residency requirement: Property must be in TAP's service area (Roanoke City, Roanoke County, Botetourt, Craig, Rockbridge, Salem City). Confirmed active and funded — TAP page states limited funds available first-come, first-served; DHCD DPA Local Provider Contact List (rev. March 2026) lists TAP as the Roanoke Valley provider. Distinct from the City of Roanoke's own DPA (50% match up to $4,000). Citizenship requirement, mortgage term, HOA, flood-zone, max acreage not specified.

TAP (Total Action for Progress) HOMEownership Down Payment & Closing Cost Assistance Program limits household income to 80% of the area median income, which varies by county and household size. Household income at or below 80% AMI (HUD). Per TAP program page (2024 HOME limits): 1=$48,800; 2=$55,800; 3=$62,750; 4=$69,700; 5=$75,300; 6=$80,900; 7=$86,450; 8=$92,050. Updated annually by HUD; FY2025 Roanoke MSA HOME 80% 4-person ~$72,500. The limit applies to total household income, not only the borrower’s. The program lists a maximum household size of 8. Area median income figures are published by HUD and updated annually, so check the current table for the county before relying on a number.

TAP (Total Action for Progress) HOMEownership Down Payment & Closing Cost Assistance Program caps the purchase price as follows: Home value/sales price may not exceed 95% of area median sales price (HUD 203B limits), set annually by HUD. Eligible property types include Single Family, Townhouse, Condo, Modular, Manufactured, and 2-4 Unit. New construction is eligible. Manufactured homes are eligible.

TAP (Total Action for Progress) HOMEownership Down Payment & Closing Cost Assistance Program serves homebuyers purchasing in Roanoke, Virginia. The program targets specific areas: DHCD designates certain localities high-cost/chronically economically depressed, where assistance may reach 15% of sales price (in TAP's area: Craig, Rockbridge, Salem).

Applications for TAP (Total Action for Progress) HOMEownership Down Payment & Closing Cost Assistance Program go through Total Action for Progress (TAP into Hope), DHCD-designated regional DPA provider for the Roanoke Valley, which publishes the current terms and the application steps on its own site. Funds are reserved through First-come, first-served; funds reserved after lender pre-approval and DPA eligibility; processed via DHCD CAMS. Hey Prescott is not a lender and does not accept applications; this page describes the program so a homebuyer can take it to a lender or housing counselor.