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Get Matched Free →DC Open Doors
By Tyler Thompson · Licensed Real Estate Agent
Funding status: Active
How much assistance
Covers the buyer's full required minimum down payment (3% or 3.5% options depending on loan type)
0% deferred, non-amortizing loan with no monthly payments and a 30-year term. Due on sale or any transfer of the property, or on refinance of the first trust mortgage.
Eligibility
- Income limits: Up to $275,400 (170% of area median income), counting the borrower's income only.
- First-time buyer required: No
- Credit score minimum: 640
- Geographic restrictions: Homes in the District of Columbia. No maximum sales price; maximum first trust loan $1,249,125. Paired with a DCHFA below-market first trust mortgage (FHA max DTI 45%).
- Homebuyer education required: No
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housebuyerguides