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.

Down Payment Assistance (DPA) Program is forgiven after 5 years, so a homebuyer 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.

Down Payment Assistance (DPA) Program is open to first-time homebuyers and homebuyers who will live in the home as their primary residence. "First-time" has exceptions here: HUD displaced-homemaker / single-parent exceptions apply. On credit, the program states: 620 minimum FICO for FHA/VA/USDA; 680 minimum for Conventional. A homebuyer education course is required, through HUD-approved homebuyer education (eHome America or Benton-Franklin Community Action homebuyer counseling). Residency requirement: Property in Kennewick, Pasco, Richland or unincorporated Benton/Franklin counties; owner-occupied primary residence. Citizenship or immigration status: U.S. citizen or qualified non-citizen (per HUD HOME rules). First-time homebuyer (HUD displaced-homemaker exceptions apply). Property in Kennewick, Pasco, Richland, or unincorporated Benton/Franklin counties. Owner-occupied primary residence. Maximum purchase price $347,000. HUD-approved homebuyer education required. Income $51,750 (1 person) to $97,550 (8 person) per HUD HOME 80% AMI for Kennewick-Richland MSA. Minimum FICO 620 (FHA/VA/USDA) or 680 (Conventional).

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.

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.

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.

Down Payment Assistance (DPA) Program serves homebuyers 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.

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