Be cautious about signing a contract on a “fixer upper”. The goal of AFHC is to help first-time homeowner’s purchase affordable, immediately habitable homes that do don’t need extra repairs or investments to make the property safe.
Program guidelines require that all properties pass AHFC “Housing Quality and / or Visitability Standards (HQS) Inspection” to ensure that applicants are purchasing homes that are safe and immediately habitable. Upon receiving an application for DPA, an inspection is ordered to test all utilities and ensure that DPA FAQs: page 6 of 12 (updated 8/09)
there are no hazards that would deem the house unsafe or inhabitable. The Participating Lenders and the trained Realtors listed on the DPA website are familiar with the DPA property requirements; therefore, should be able to provide guidance in choosing a property that will be acceptable to the DPA Program Guidelines.