District of Columbia Housing Finance Agency

The DC Bond Program

The DC Bond Affordable Mortgage Program, 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 downpayment and/or closing costs assistance available to help defray some of the upfront costs to purchase a home. 

Currently (for a limited time), the DC Bond program offers a 4.25%, 30 year fixed-rate FHA loan that is available to individuals or families seeking to purchase a primary residence in the District of Columbia and it is available to both first-time and repeat homebuyers.  The program also offers $10,000 in downpayment and/or closing cost assistance to qualified borrowers. To find out if you qualify and/or to apply, contact a Participating Lender today.

1. 4.25% with ½ point paid by borrower toward closing costs
2. FHA loans only
3. Minimum credit score of 620
4. There are NO INCOME RESTRICTIONS on 30% of the program’s pool of funds (these funds are available on a first come, first served basis)
5. Income limits on remaining 70% of the program’s pool of funds range from approximately $102,000 – $123,000 annually for one or two person households; income limits generally increase with household size. You must contact a participating lender to determine if you qualify and/or to start the application process.   
6. The $10,000 downpayment assistance is only available to qualified borrowers. You must contact a participating lender to determine if you qualify and/or to start the application process.