Moderate Income Purchase Assistance Program (MIPAP)
IMPORTANT: The MIPAP program is currently Closed. Check back in 2021 for MIPAP funding availability updates.
For first-time buyers purchasing a home in Arlington, this program provides a deferred-payment, no-interest loan of up to 25% of the home purchase price. The loan may be used to cover a portion of the down payment and all closing costs. The MIPAP loan acts as a 2nd Mortgage. The 1st Mortgage must be a conventional loan from a lender approved by VHDA (Virginia Housing Development Authority).
MIPAP uses a shared appreciation model, which means there are no interest or monthly loan payments over the course of the loan. Instead, when a homebuyer chooses to sell or refinance the property, an appraisal of the property will be done to determine if the property has increased in value. If the property value has increased, the homebuyer would owe the County the original loan amount plus a proportionate share of the net appreciation (up to 25%).
Applications for the MIPAP program are not being accepted. Check back in 2021 for MIPAP funding availability updates.
The Housing Division provides programs and services to turn the dream of home ownership into a reality for Arlington residents with low to moderate incomes. Housing programs can help first-time homebuyers plan, purchase and maintain a new home. View a list of available homeownership programs
Opportunities for Home Buyers
Low-Interest Mortgage Program
Feb 4, 2020- CHRP Funds are currently available for eligible first-time homebuyers purchasing in Arlington County.
This program assists homebuyers with low to moderate incomes to purchase in Arlington, by providing below-market-rate mortgages with as little as 1% down. Since 2005, the program has helped more than 400 families purchase their first homes in Arlington.
Prevention Steps and Counseling
Free counseling and other services are available to help homeowners avoid foreclosure and stay in their homes. Legal services, tax relief and other financial assistance programs are available to eligible homeowners, as well as assistance with food and other basic needs during times of financial hardship.
Rebuilding Together assists income-eligible homeowners with home maintenance and repair. The program brings volunteers, communities and resources together to repair and rehabilitate homes free of cost for those in need, including the elderly, persons with disabilities, military veterans and families with children.