Tri-Cities Washington Real Estate News & Blog

Kennewick Wa Real Estate ~ First Time Home Buyers ~ First time home buyers in certain parts of Kennewick Wa Real Estate area are eligible for down payment assistance and the FAP financing program.

Home buyers will need to choose from locations east of Vancouver Street, west of Oak Street, and north of 19th Avenue. Although there are sections of these areas that are not eligible either, but a phone call to the friendly and helpful staff at Kennewick Wa Real Estate can confirm if the property you are interested in purchasing is inside the Kennewick city limits.

Moderate and low income earners should not be hesitant to apply for a home, as they may be eligible for the loan program. However, the availability of loans is on a “first-come, fist-served” basis. There is a 50/50 match that is determined by the investment of the applicant ($1,000 minimum and a $5,000 maximum); which is ‘forgiven’ 20% for each year over 5 years. Secondly, The GAP financing of $5, 000 per property with no interest on repayments as specified in the loan terms for first time home buyers at Kennewick Wa Real Estate.

Essentially, each applicant and potential property needs to meet all the criteria as determined by the application. More information about the application can be found at:
http://www.ci.kennewick.wa.us/Economic_Development/Forms/2006%20DPA%20APP.pdf

Alternatively, let the knowledgeable team at Kennewick Wa Real Estate guide you through the application.