To apply for the DHAP funds, we recommend the following steps:
Step 1 - Attend a pre-purchase homebuyer education course through one of the DHAP and HUD approved education providers listed on the program website under the Education Providers tab. This course will better prepare you for the home purchasing process. Once the course is completed the education provider will give you a certificate of completion.
Step 2 - The next step is to contact a DHAP approved lender on the program website under the Lenders tab, and let them know that you wish to apply for the Dallas Homebuyer Assistance Program for down payment and closing cost funds. The lender will review all your information and provide you with a pre-qualification letter that will reflect a sales price they feel comfortable with to provide you with the primary loan. The lender will also review the information to determine if you are eligible to apply for the DHAP funds.
Step 3 - Once you have received the pre-qualification letter, your next step should be to contact a real estate agent to help you find an existing or new property or one being sold by a Community Housing Development Organization (CHDO) certified by the City of Dallas, or a City of Dallas Land Bank New Construction within the city limits of Dallas. You will then be able to supply the pre-qualification letter as proof that you are a serious homebuyer.
Step 4 - Once you have executed a contract for the purchase of a property, and DHAP funds are still available, the lender will then be able to register you with the program to reserve funds, and work with you to complete the necessary paperwork. The lender will work directly with the City of Dallas to process your application to determine your eligibility and qualification.
Please contact us via email at email@example.com or by phone at 214.670.4447 if you have any additional questions.