OUR PARTNERS

BECOME A LENDER

We would love to partner with lenders who want to work with DCHFA and our homebuyer products. Please download the our approval process document and follow the steps below to become an approved participating lender.

Lender Approval Process

1) ATTEND DC OPEN DOORS LENDER TRAINING

Please attend our DC Open Doors Lender Training. Training is a combination of a webinar and a hosted conference call. Lender Training is approximately two hours and it is required for all newly approved lenders. DCHFA will offer lender specific training webinars primarily dealing with post-closing issues for those lenders that request it or are identified by either DC Open Doors or Lakeview Servicing as needing it. Each participant must register individually so user credentials can be provided.

See Training Dates

3) AWAIT APPROVAL

DCHFA will review the submitted documentation within 5 business days and provide the lender with written approval to participate in its mortgage program(s) or feedback regarding the submission. DCHFA’s written approval may be provided via electronic mail. The lender must also be an approved correspondent lender with Lakeview Servicing before it can participate in DCHFA’s mortgage program(s).

Contact Lakeview Loan Servicing, LLC at CRM@Bayviewloans.com

TRAINING & EVENTS

Lender trainings are held the 2nd and 4th Friday of each month, with the exception of select dates. Click HERE to register. (Registration is only required once to receive notifications on all trainings or special lender meetings.)

DC OPEN DOORS INTEREST RATES

DCOD Conventional no DPA ≤80% AMI – 6.875%

DCOD Conventional no DPA >80% AMI – 7.125%

DCOD Conventional with DPA ≤80% AMI – 7.625%

DCOD Conventional with DPA >80% AMI – 8.000%

DCOD FHA with DPA – N/A*

DCOD FHA No DPA – 7.125%

Last Updated: 7/22/2024

Jumbo/High Cost loan rates available upon request

DC4ME INTEREST RATES

DC4ME Conventional no DPA ≤80% AMI – 6.875%

DC4ME Conventional no DPA >80% AMI – 7.000%

DC4ME Conventional with DPA ≤80% AMI – 7.500%

DC4ME Conventional with DPA >80% AMI – 8.000%

 

Last Updated: 7/22/2024

Jumbo/High Cost loan rates available upon request

Jumbo/High Cost Loan Rates Available Upon Request | Email hfaloans@dchfa.org

*Due to continued market volatility, pricing for some DPA options has been unavailable in the market. As a result, DCHFA may not be able to offer a rate for that day. Our ability to continue to offer these DPA options will depend on daily pricing and market conditions, so we encourage you to check our website and lender portal daily. We appreciate your continued participation in our programs and ask for your patience as we continue to monitor market conditions. We understand that the unavailability of these options may have caused difficulty for some borrowers who were counting on the additional DPA. We will make adjustments as needed to continue to provide the best down payment assistance programs for borrowers.

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