Douglas County Down Payment Assistance for First-Time Homebuyers

The Douglas County Housing Partnership is dedicated to bridging the gap between low income and high housing costs, which is why it provides low- and moderate-income households the opportunity to purchase their first home in Douglas County with the DCHP Down Payment Assistance Program. This program increases a buyer’s purchase power by giving these households the ability to borrow at a low-interest rate. 

 
Eligibility Requirements 
All applicants must be first-time homebuyers as defined by HUD (those who have not owned a home in the previous three years) and preference is given to those currently living in Douglas County. Their income must be at or under 80% of the area median income for the county, and they must contribute at least $1,000 of their own money towards the purchase. The  

Additionally, any program borrowers are required to occupy the home as their primary residence for a minimum of 10 years (subject to HUD affordability regulations). The property must meet HUD safety guidelines and the purchase price cannot exceed $401,000 ($433,000 for new build). 


*Seller-funded down payment programs were eliminated in the Housing and Economic Recovery Act of 2008, but states and local government agencies are still permitted to help borrowers finance their homes with second mortgages and grants. These agencies set different requirements that a borrower needs to meet in order to qualify for the grant programs, such as property location, and purchase price, and income limits. 

Note: All figures mentioned above were accurate at the time of publication and may no longer be current. Visit the program website for updated information.