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 19

DC Homebuyer Seminar | Tenleytown

March 19 @ 6:00 pm - 7:00 pm UTC+0
Tue 19

DC Open Doors Homeowners Workshop

March 19 @ 6:30 pm - 8:00 pm UTC+0
Wed 20

DC Homebuyer Seminar | Dupont

March 20 @ 5:30 pm - 6:30 pm UTC+0
Wed 20

Wine Down Wednesday | Uncork Homebuying

March 20 @ 6:30 pm - 7:30 pm UTC+0

Social Media

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

Facebook | Twitter

If you can't make it over to NW this Wednesday, there's another DC Open Doors Info Session happening over at 600 H Street, NE!

Join @GoFirstHomeand @rl_athome for Wine Down Wednesday where they will "Uncork Homebuying"!

Email your RSVP using the contact info on this flyer

Facebook photo

DCHFA is looking for a Loan Processor to join its Single Family Programs team!

We hope to see you all this Wednesday for the next Homebuyers' Seminar!

Join DC Housing Finance Agency - DCHFA Business Development Manager along with representatives from BerkshireHathaway HomeServices and Draper and Kramer Mortgage Corp. - McLean, VA to learn about DC Open Doors mortgage product and other tools to help make your District homebuying goals obtainable. Come out to 815 Florida Ave, NW from 6:00-7:30 on March 20!

If you haven't RSVPed yet, follow this link to register for free: http://ow.ly/Npva50nsbhk

Facebook photo
@DCOpenDoors

- 4 hours ago

RT @DCMOWPI: Joining @MayorBowser for the 2019 State of the District Address. Watch live ➡️ https://t.co/VqAiarO5KW. #SODA19 https://t.co
h J R
@DCOpenDoors

- 4 hours ago

Can't make it over to NW this Wednesday? There's another DC Open Doors Info Session happening over at 600 H Street,… https://t.co/MXtruG4fX1
h J R
@DCOpenDoors

- 9 hours ago

DCHFA is looking for a Loan Processor to join its Single Family Programs team! https://t.co/OO9DJ5DV64
h J R
@DCOpenDoors

- 10 hours ago

This Wednesday is the next DC Open Doors Homebuyers' Seminar-- we hope to see you there with @DKMortgageCorp and… https://t.co/QWapTipbN2
h J R
@DCOpenDoors

- 5 days ago

Next Wednesday's #dcopendoors seminar is on with Melissa Rich of @DKMortgageCorp and Donna Deluze & Vanessa Patters… https://t.co/VerIhsz07s
h J R
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