Homeownership

DC Open Doors

DC Open Doors makes homeownership in Washington, D.C. affordable by offering qualified buyers home purchase loans, down payment and closing cost assistance. The program offers deferred repayable loans for a homebuyer’s minimum down payment requirement in addition to below-market interest rates for first trust mortgages for the purchase of a home in the District of Columbia. Qualified first-time and repeat homebuyers are eligible for the program. You can access DC Open Doors by working with one of our participating lenders who offer our mortgage loan products. Our participating lenders handle the entire mortgage loan process from application to settlement.
dc open doors

Down Payment Assistance

We know your biggest obstacle to a home purchase can be the required minimum down payment so DC Open Doors offers a Down Payment Assistance Loan (DPAL) that bridge the financial gap between the purchase price of your home and your first trust mortgage loan.

If you qualify, you can obtain a DPAL for the full amount of your required minimum down payment, substantially reducing your upfront out-of-pocket expense. Currently, DC Open Doors offers its DPAL in the form of a deferred 0% non-amortizing (no monthly payments) loan that is due a payable upon any one of the following: thirty (30) years from the date of loan closing; sale or any transfer (by gift or otherwise) of the property to another person, business, or entity; property ceases to be your principal residence, or refinancing your first trust mortgage.

Eligibility & Requirements

Eligibility

  • Open to both first-time and repeat homebuyers
  • Open to all neighborhoods and wards
  • Open to both residents and non-residents of DC

Program Requirements*

  • Minimum credit score of 640
  • Maximum income of $199,200
    • Income is based on BORROWER’s income ONLY (not household)
  • Maximum debt-to-income (DTI) ratio of 50% (max DTI for FHA loan is 45%. Max DTI for FHA loans with a 680 credit score is 50%)
  • Rates quoted with 0 points
  • $766,550 maximum 1st trust loan
    • No maximum sales price limit

*Subject to change without notice

Informational  Sessions

DC Open Doors hosts two monthly homebuyers’ informational sessions at DCHFA’s headquarters along with a participating lender and realtor.  The FREE sessions take place on the first and third Wednesdays of each month, unless indicated in the schedule below.

During the session the process of buying a home is explained from the perspective of the duties of a lender and the job of a real estate agent; combined with how the DC Open Doors program works within the overall home purchasing context.

Our lending partners along with their real estate partners also host FREE seminars that take place outside of the Agency and feature DC Open Doors. All upcoming events can be viewed on the calendar below.

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Tue 19

LIVE! DC Open Doors Homebuyer Info Webinar Session

March 19 @ 5:00 pm - 6:00 pm EDT
Tue 19

DC Open Doors Homebuyer Info Session

March 19 @ 5:30 pm - 6:30 pm UTC+0
Tue 19

First-Time Homebuyer + DC Open Doors Webinar

March 19 @ 5:30 pm - 6:30 pm EDT
Wed 20

LIVE! DC Open Doors Homebuyer Info Webinar Session

March 20 @ 5:00 pm - 6:00 pm EDT
Thu 21

LIVE! DC Open Doors Homebuyer Info Webinar Session

March 21 @ 1:00 pm - 2:00 pm EDT

Social Media

Follow DC Open doors on social media for updates and announcements!

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