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
  • $453,100 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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Wed 19

ULI Fall Meeting

September 18 - September 21
Wed 19

DC Open Doors Informational Session

September 19 @ 6:30 pm - 8:00 pm UTC+0
Thu 20

First Time Homebuyer Workshop

September 20 @ 6:15 pm - 8:00 pm UTC+0
Thu 20

Home Buyer Seminar

September 20 @ 6:30 pm - 8:00 pm UTC+0
Sat 22

Home Buyer Seminar

September 22 @ 10:00 am - 12:00 pm UTC+0

Social Media

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

Facebook | Twitter

For tonight's #DCOPENDOORS homebuyers' seminar there's free parking in DCHFA's garage (enter on V St NW ) and tell the attendant you are here for the seminar. Or take #Metro to U Street and the agency is a few blocks away. #rootstoroofsdc

Good Wednesday morning! Here are your Rates: FHA- 4.625%, FHA PLUS - 6.000%, HFA Pref NO DPA –5.250%,
HFA Pref W/DPA - 6.125%, HFA Advantage No DPA – 5.125% and HFA Advantage w/DPA – 6.125%.

It's not too late register for tonight's @DCOpenDoors Homebuyers' Info Session 6:30 to 8:00pm at DCHFA. http://ow.ly/RW4230lQjFY #dcopendoors #rootstoroofsdc

@DCOpenDoors

- 1 hour ago

For tonight's #DCOPENDOORS homebuyers' seminar there's free parking in DCHFA's garage (enter on V St NW ) and tell… https://t.co/NpZrajtQjB
h J R
@DCOpenDoors

- 5 hours ago

Good Wednesday morning! Here are your Rates: FHA- 4.625%, FHA PLUS - 6.000%, HFA Pref NO DPA –5.250%, HFA Pref… https://t.co/AZt9JxBO31
h J R
@DCOpenDoors

- 6 hours ago

It's not too late register for tonight's @DCOpenDoors Homebuyers' Info Session 6:30 to 8:00pm at DCHFA.… https://t.co/rmSk0p4HyY
h J R
@DCOpenDoors

- 6 hours ago

It's not too late register for tonight's @DCOpenDoors Homebuyers' Info Session 6:30 to 8:00pm at DCHFA.… https://t.co/hThuK7UWAp
h J R
@DCOpenDoors

- 1 day ago

Only one day left before the next DC Open Doors Homebuyers' Info Session 6:30 to 8:00pm at , September 19th.… https://t.co/wxzxSFR0rq
h J R
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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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