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 $154,800
    • 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%)
  • Rates quoted with 0 points
  • $647,200 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.

« May 2022 » loading...
M T W T F S S
25
26
27
28
29
30
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
1
2
3
4
5
Wed 18

Home Buying 101

May 18 @ 5:30 pm - 6:30 pm UTC+0
Wed 18

DC Open Doors Webinar

May 18 @ 5:30 pm - 6:30 pm UTC+0
Wed 18

DC Open Doors Webinar

May 18 @ 7:00 pm - 8:00 pm UTC+0
Thu 19

Home Buying 101

May 19 @ 5:30 pm - 6:30 pm UTC+0

Social Media

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

Facebook

Unable to display Facebook posts.
Show error

Error: Error validating access token: The session has been invalidated because the user changed their password or Facebook has changed the session for security reasons.
Type: OAuthException
Code: 190
Subcode: 460
Please refer to our Error Message Reference.

Twitter

@DCOpenDoors

- 1 hour ago

Homeownership Seminars are back & in person at @DCHFA❗️Join us Wednesday, June 1 at 6 p.m. to learn about the mortg… https://t.co/wyhfygdY4W
h J R
@DCOpenDoors

- 2 hours ago

"Soaring home prices continue to serve existing homeowners, with nearly 45% of all property owners now considered e… https://t.co/tozLDEFx51
h J R
@DCOpenDoors

- 3 hours ago

RT @UrbanTurf_DC: Have Rising Interest Rates Affected Your Housing Search? https://t.co/8swQksefCs https://t.co/1XnZyFsMz1
h J R
@DCOpenDoors

- 3 hours ago

Have a good Wednesday! Here are today's interest rates: #mortgagerates #interestrates #affordablehousing… https://t.co/VYI7ETHn4U
h J R
@DCOpenDoors

- 23 hours ago

"Homebuyers across the U.S. need 34% more income than they did a year ago to afford a house, Seattle-based Redfin C… https://t.co/qz7qfFocaA
h J R
Translate »