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Bill Mulligan | Loan Officer
Buying in D.C.? Ask me about HPAP
Hello, and thanks for visiting my web page. I love helping people make the most important decisions of their lives. I realize that rates and fees are important. So, I'm always very competitive. However, most of my clients value my advice as paramount.
I am a detective, teacher and coach.
Detective- My experience tells me that because every situation is different, it's important to take time upfront to conduct an extensive verbal interview. I don't leave any stone unturned. My clients like this because I don't come back to them with any surprises. After the initial interview, it's all smooth sailing.
Teacher- There are so many myths and legends when it comes to home financing. I've heard them all. I make sure my clients understand the exact reality of their individual situation. Something that might pertain to someone else, might not apply to you. I am committed to helping you fully understand your unique situation with regards to what myth might or might not apply to you. Also, the mortgage industry has become quite dynamic and changes come daily. I make sure to be aware of current trends on a daily basis.
Coach- Acquiring a mortgage can be complicated, stressful and confusing. I constantly encourage and motivate my clients to embrace the process with a positive and enthusiastic attitude. I help them through the emotional rollercoaster by reminding them of the great rewards that come from hard work and perseverance.
My clients tell me that their two most important concerns are that they aren't getting ripped off and that they get good advice. I look forward to working with you.
Washington, D.C.
HPAP | EAHP Loan Officer
When I tell people about the D.C. Government’s Home Purchase Assistance Program for first-time homebuyers, at first, they don’t believe it. “This is too good to be true!” they say. HPAP is sponsored by the D.C. Government and administered by the Greater Washington Urban League, a not for profit organization.
Depending on family size and total household income, borrowers can receive up to $77,000 in the form of a 0% interest 35 year loan, which is deferred for the first 5 years. Yes, that’s right, no payments for the first five years. After the five years, the monthly payment on $77,000 is $213.89. Not bad! Note: The loan must be repaid if you sell the property.
It get’s even better if you are an employee of the District of Columbia.
The Employer Assisted Housing Program (EAHP) offers an additional $10,000 loan to be used for down payment and closing costs. Yes, that’s right, up to a total of $87,000 to help you buy your first home.
Let me help you work through the HPAP program. The process at first glance may seem overwhelming, stressful and complicated... but with a little effort and my expertise you can do it!
..more on EAHP at D.C. Dept. of Housing and Community Development
See how much you qualify for with this HPAP calculator
If you will be buying a home in the District of Columbia, pick up the phone and call me.
I'll be happy to show you how much you qualify for through this program.
VA | FHA dpa | Teacher | Police Officer
No closing costs | My Community | heloc | Investment property
