In order to help potential bridge the gap between homebuyers in our capital, the District of Columbia Housing Finance Agency started DC Open Doors. The program offers home loans as well as down payment assistance to qualifying applicants.

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DC Open Doors Down Payment Assistance

Financial Assistance for Homebuyers in Dist. of Columbia

In order to help potential bridge the gap between homebuyers in Washington DC, the District of Columbia Housing Finance Agency (DCHFA) started DC Open Doors. The program offers home loans as well as down payment assistance to qualifying applicants.

DC Open Doors offers different amounts of down payment assistance depending on the home loan type; 3.50 percent on an FHA Plus loan, and 3 percent on HFA Preferred/Advantage. This assistance is in the form of a zero-interest, non-amortizing loan, and needs to be repaid only if the homebuyer sells, refinances, or moves out of the home before the first 5 years.

In order to be eligible, borrowers must have an income of less than $131,040, as well as complete a pre-purchase homebuyer’s education course.

DC Open Doors down payment assistance is available to borrowers working with one of the participating lenders who offer mortgage loan products. The lenders listed below can handle the entire mortgage loan process from application to settlement:
 

Down Payment Grants in Dist. of Columbia

In order to help potential bridge the gap between homebuyers in our capital, the District of Columbia Housing Finance Agency started DC Open Doors. The program offers home loans as well as down payment assistance to qualifying applicants.