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.
Down Payment Assistance Loans (DPAL)
DC Open Doors offers Down Payment Assistance Loans (DPAL) to help potential homebuyers bridge the financial gap between the purchase price of a home and their first trust mortgage loan.
Below are various documents you may need for DC Open Doors.
DCOD Presentations & Manuals
DCOD Application Documents with DPAL
DCOD Application Documents without DPAL
DCOD Closing Docs with DPAL
All files must be submitted electronically via our secure FTP Portal using your company’s unique ID to login. Please contact your administrator if you do not have this information.
Happy Friday! Here are the Rates: FHA- 4.375%, FHA PLUS - 5.625%, HFA Pref NO DPA –5.000%, HFA Pref W/DPA - 5.875%, HFA Advantage No DPA – 5.000% and
HFA Advantage w/DPA – 6.000%.