Down Payment Assistance (DPA) Program

What is Down Payment Assistance (DPA) Program?

Down Payment Assistance (DPA) Program is a deferred second loan for homebuyers in Multiple County, Washington.

• Tri-Cities HOME Consortium down payment assistance program — Kennewick, Pasco, Richland and Benton/Franklin Counties HUD HOME consortium funds 0% deferred second mortgage for income-qualified first-time homebuyers in southeastern Washington.
• Deferred 0% second mortgage of typically $5,000-$20,000 for income-qualified first-time homebuyers purchasing a primary residence in Kennewick, Pasco, Richland, or unincorporated Benton/Franklin counties. Maximum purchase price $347,000. Funded by Tri-Cities HOME Consortium HUD HOME funds. No monthly payment.
• principal due on sale, refinance with cash-out, or vacating primary residence.
• Funding comes from Federal, HUD, HOME, Local, and Consortium.

Do you have to pay it back?

Down Payment Assistance (DPA) Program is forgiven after 5 years, so a buyer who stays that long does not repay it.

• Repayment is triggered by Forgiven over HUD HOME affordability period (5-15 years) and payable on sale, refinance with cash-out, or vacating primary residence.
• The assistance is recorded in 2nd Lien position.
• Forgiveness and repayment terms are set by the program and can change — confirm them on the official program page before applying.

Who qualifies?

Down Payment Assistance (DPA) Program is open to first-time homebuyers and buyers who will live in the home as their primary residence.

What are the income limits?

Down Payment Assistance (DPA) Program limits household income to 80% of the area median income, which varies by county and household size.

• Household income $51,750 (1 person) to $97,550 (8 person) per HUD HOME 80% AMI for Kennewick-Richland MSA.
• 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.

What kind of home can it be used for?

Down Payment Assistance (DPA) Program caps the purchase price at $347,000.

• Eligible property types include Single-family detached, condo, townhouse, manufactured on land.
• New construction is eligible.
• Manufactured homes are eligible.

Is there eligibility for specific groups?

Down Payment Assistance (DPA) Program names veterans, active-duty service members, reservists and National Guard members, and surviving spouses among the groups it serves.

• Being named here means the program mentions the group, not that membership alone qualifies an applicant — the rest of the eligibility rules still apply.

Where does it apply?

Down Payment Assistance (DPA) Program serves buyers purchasing in Multiple County, Washington.

• The program targets specific areas: Tri-Cities HOME Consortium service area — Cities of Kennewick, Pasco, Richland and unincorporated Benton/Franklin counties.

How do you apply?

Applications for Down Payment Assistance (DPA) Program go through the administering agency, which publishes the current terms and the application steps on its own site.

1. 1

   Take a homebuyer education course

   Required by the program, through HUD-approved homebuyer education (eHome America or Benton-Franklin Community Action homebuyer counseling).

2. 2

   Contact the administering agency to reserve funds

   Funds are reserved through Apply via Tri-Cities HOME Consortium / participating lender; first-come first-served subject to annual HOME allocation, and are subject to availability.

3. 3

   Work with a lender who handles the program

   Hey Prescott is not a lender and does not accept applications; this page describes the program so a buyer can take it to a lender or housing counselor.