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 23

Homebuying Q&A

January 23 @ 6:00 pm - 7:30 pm UTC+0
Wed 23

DC Homebuyer Seminar

January 23 @ 7:00 pm - 8:00 pm UTC+0
Thu 24

First-Time Home Buying Seminar

January 24 @ 6:00 pm - 8:00 pm UTC+0
Thu 24

Homebuyer Seminar

January 24 @ 6:30 pm - 8:00 pm UTC+0
Thu 24

DC Open Doors First Time Buyer Workshop

January 24 @ 6:30 pm - 8:00 pm UTC+0

Social Media

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

Facebook | Twitter

Stay warm DC! Here are today’s rates.

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Monique and Jason are ready for your homebuying questions. Join them on Wednesday for Q&A.

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A day of remembrance, service and honor. #MLKDay2019

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@DCOpenDoors

- 1 day ago

RT @DCHFA: A day of remembrance, service and honor. #MLKDay2019 https://t.co/8lyp97l0EN
h J R
@DCOpenDoors

- 6 days ago

You’re never too young to learn about homeownership #dcopendoors https://t.co/PiOabmAdPN
h J R
@DCOpenDoors

- 6 days ago

The DC Open Doors Homebuyers’ Info Sessions are off to a great start for 2019! #NewYearNewHome — at DC Housing Fin… https://t.co/LNoI0wr7Z5
h J R
@DCOpenDoors

- 6 days ago

Tonight’s featured #DCOPENDOORS lender is Farrah Goudarznia, Senior Mortgage Banker, @EagleBankCorp https://t.co/yeXzKSEoTw
h J R
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