Homeownership

Available Programs

DCHFA’s Single Family Programs division manages all of the Agency’s homeownership programs with the goal of expanding and retaining homeownership opportunities in the District of Columbia.

The Agency offers a variety of programs for current and potential homeowners. Many of these programs may be combined and used simultaneously. Take a look below and ask your lender if you qualify for one or more of these programs.

DC Open Doors

DC Open Doors (DCOD) is your key to homeownership in the city. The program offers competitive interest rates and lower mortgage insurance costs on first trust mortgages in addition to fully forgivable second trust loans to meet minimum down payment requirement, resulting in a 0% down payment loan for the purchase of homes in the District of Columbia. You are not required to be a first-time homebuyer to qualify for DC Open Doors.

dc open doors

Mortgage Credit Certificate (MCC)

The Mortgage Credit Certificate (MCC) provides an additional incentive for first-time homebuyers to purchase a home in the District of Columbia. An MCC provides qualified borrowers the ability to claim a Federal Tax Credit of 20 percent of the mortgage interest paid during each calendar year.

mcc

Home Purchase Assistance Program (HPAP)

DCHFA serves as a co-administrator of the DC Department of Housing and Community Development’s (DHCD) first-time homebuyer program HPAP. The program provides down payment and closing cost assistance in the form of interest-free loans to qualified applicants for the purchase of their primary residence, to include single-family houses, condominiums, or cooperative units.

Please see DHCD’s Household income standards and assistance amounts.

hpap

HomeSaver

The HomeSaver Program is a foreclosure prevention resource for  District homeowners that are at risk of foreclosure due to a qualifying hardship. The program is funded through the U.S. Department of the Treasury’s Hardest Hit Fund.

Find a Lender

If you want to begin the process of purchasing a home, you will need to work with a Lender. DCHFA has a list of Participating Lenders that can guide you through the various home buying programs we offer. DC Open Doors and MCC programs require the use of a Participating Lender; HPAP does not require the use of a Participating Lender.  Click below to see the list of DCHFA participating lenders.

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The DC Housing Finance Agency is closed on Thursday, September 20th and will reopen on Friday, September 21st at 8:00 am.
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