1. Attend Homebuyers' CLUB Classes
Attend Department of Planning and Community Development (DPCD) Homebuyers’ CLUB classes to obtain better understanding of the purchasing process, requirements, credit, home maintenance, etc.
2. Shop for a Loan
Shop for your loan and choose a mortgage company or bank to finance the purchase.
3. Locate a Home
Locate the home you want to purchase. A realtor may be able to help you, but the program does not require that a realtor represent you.
4. Enter Contract with Seller
You must enter into an Earnest Money Contract with the seller and deposit a minimum of $500 with the title company as evidence of your intent to purchase home.
5. Determine Program Eligibility
When your loan application is approved, the lender will submit the required information to DPCD. Your lender will determine if you are eligible for assistance under the HIP program or you can call DPCD
Once your lender submits a complete file to keep, a DPCD representative will process the file for Homeownership Incentive Program (HIP) approval