Affordable Mortgage Program
The Home Resource Center, through its Participating Lender network, makes affordable, 30-yr., fixed rate mortgages available to individuals and families seeking to purchase a home in the District. The loans are funded using DC Bond Program proceeds which are made available by the DCHFA. At times, and for qualified buyers, there may be down payment and/or closing costs assistance available to help defray some of the upfront costs to purchase a home.
The DC Bond Program is a Mortgage Backed Securities (MBS) product that requires all loans be purchased by one of the following: Fannie Mae, Freddie Mac or Ginnie Mae.