HomeAdvantage DC

HomeAdvantage DC makes homeownership in Washington, D.C. more accessible by offering eligible buyers below-market mortgage financing with flexible assistance options. The program provides qualified homebuyers with a choice of financing structures, including options with and without down payment assistance, to support the purchase of a home in the District of Columbia.

HomeAdvantage DC is designed to expand access to affordable homeownership through federally backed Mortgage Revenue Bond (MRB) financing, which offers competitive interest rates and structured eligibility guidelines. Qualified home buyers may be eligible for financing with or without down payment assistance, depending on their needs.

You can access HomeAdvantage DC 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.

HomeAdvantage DC offers three financing options:

• Option 1: Standard First Mortgage
  30-year fixed-rate first mortgage with no down payment assistance.
• Option 2: Conventional Loan with Down Payment Assistance
  Includes a 30-year fixed-rate first mortgage and up to 3% down payment assistance.
• Option 3: FHA or VA Loan with Down Payment Assistance
  Includes a 30-year fixed-rate first mortgage and up to 3.5% down payment assistance.

All options are subject to program eligibility, income limits, and purchase price limits.

Eligibility

• Open to first-time homebuyers (some exceptions apply in targeted areas)
• Property must be located in the District of Columbia
• Property must be occupied as the borrower’s primary residence

Program Requirements*

• Household income must fall within MRB income limits (based on household size and occupancy)
• Income is based on HOUSEHOLD income (all occupants 18+), not borrower income only
• Minimum credit score of 640
• Maximum debt-to-income (DTI) ratio of 45%
• Loan types include Conventional, FHA, and VA
• Homebuyer education may be required

*Subject to change without notice

Purchase Price Limits

• Purchase price limits apply under federal guidelines and are based on property location:
• Non-Targeted Areas: up to $1,306,974
• Targeted Areas: up to $1,597,413

Eligible Properties

• Single-family homes (attached or detached)
• Condominiums
• Townhomes
• Property must be located in DC and used as a primary residence

• Register and attend the DCHFA monthly two-part Homebuyers webinar for in depth details.
• Find an approved DCHFA participating lender to determine your eligibility.

Start your journey to homeownership today.