Homeownership

DC Open Doors

DC Open Doors makes homeownership in Washington, DC affordable by offering qualified buyers home purchase loans and down payment assistance. The program offers fully forgivable second trust loans on a buyer’s minimum down payment requirement in addition to below-market interest rates for first trust mortgages for the purchase of homes in the District of Columbia. Qualified first-time and repeat buyers 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 down payment assistance loans (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 at a 0% interest rate and it is non-amortizing so you are not required to make monthly payments on it. The loan is only repayable if you sell or refinance your home, or if you no longer occupy it as your primary residence.

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 $140,640
    • 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
  • $484,350 maximum 1st trust loan
    • No maximum sales price limit

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 18

Homebuyer Seminar | Tenleytown

June 18 @ 6:00 pm - 7:00 pm UTC+0
Tue 18

1st Time Buyers’ Seminar

June 18 @ 6:00 pm - 8:00 pm UTC+0
Tue 18

DC Open Doors Homeowners Workshop

June 18 @ 6:30 pm - 8:00 pm UTC+0
Wed 19

DC Open Doors Homebuyers Seminar

June 19 @ 6:00 pm - 7:30 pm UTC+0
Wed 19

Homebuyer Seminar | Dupont

June 19 @ 7:00 pm - 8:00 pm UTC+0

Social Media

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

Facebook | Twitter

If you're attending this Saturday's @DCDHCD Housing Expo, be sure to check out the DC Open Doors workshop happening from 11:45AM-12:45PM! When you register for the #DCHousingExpo2019 at dchousingexpo2019.eventbrite.com , make sure you save your seat for the workshop!
#JuneHousingBloom

Facebook photo

Have you had a chance to register for the next DC Open Doors informational session? The sooner you meet with a lender, the sooner you can make your dreams of homeownership a reality!
🗓️: Wednesday, June 19
⏰: 6:00-7:30PM
📍: 815 Florida Ave NW
🎟️: dcod0619.eventbrite.com

@DCOpenDoors

- 9 hours ago

RT @DCHFA: Our booth is bustling! The Homeownership team is meeting lots of future DC homeowners and answering questions about @DCOpenDoors
h J R
@DCOpenDoors

- 10 hours ago

RT @DCHFA: At the #DCHousingExpo2019 @ToddLeeDCHFA shares information on @DCOpenDoors HFA Advantage Loans Closing Costs Grants of $1500 and…
h J R
@DCOpenDoors

- 10 hours ago

RT @DCHFA: DCHFA’s @DCOpenDoors Loan products and #HPAP can be combined with the new homeownership program for DC Government workers @Mayo…
h J R
@DCOpenDoors

- 13 hours ago

The #DCOpenDoors workshop is happening in one hour at the 11th Annual Housing Expo and Home Show-- see you there!… https://t.co/I0QAzZPWKG
h J R
@DCOpenDoors

- 1 day ago

RT @DCHFA: It's almost quitting time for a lot of you, but before you get your weekend started make sure you've signed up for next week's @…
h J R
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