OUR PARTNERS
DC OPEN DOORS
DC Open Doors makes homeownership in Washington, D.C. affordable by offering qualified buyers home purchase loans, down payment and closing cost assistance. The program offers deferred repayable loans for a buyer’s minimum down payment requirement in addition to below-market interest rates for first trust mortgages for the purchase of a home 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.
DOWN PAYMENT ASSISTANCE LOANS (DPAL)
DC Open Doors offers Down Payment Assistance Loans (DPAL) to help potential homebuyers bridge the financial gap between the purchase price of a home and their first trust mortgage loan.
PROGRAM DOCUMENTS
Below are various documents you may need for DC Open Doors.
DCOD Presentations & Manuals
- DC HFA Program
- DCOD Lender Manual
- FNMA HFA Preferred Fact Sheet
- FHLMC HFA Advantage Fact Sheet
- Program Fees
- Lakeview Conventional Matrix
- Lakeview Government Matrix
- DC Housing Finance Agency Government Program
DCOD Application Documents with DPAL
DCOD Application Documents without DPAL
DCOD Closing Docs with DPAL
- Borrower’s Commitment Letter
- Deferred Subordinate Deed or Trust
- DCHFA Deferred Note
- HUD Letter
- DCHFA Post-Closing Instructions and Lien Inventory
For the latest product details and updates, visit lakeviewcorrespondent.com/
ADDITIONAL RESOURCES
DCHFA Loan & MCC Reservations: Lender on Line
DCHFA Loan Servicer: Lakeview
FILE SUBMISSIONS
All files must be submitted electronically using your company’s unique ID to login. Please contact your administrator if you do not have this information.
DC OPEN DOORS INTEREST RATES
DCOD Conventional no DPA ≤80% AMI – 7.000%
DCOD Conventional no DPA >80% AMI – 7.125%
DCOD Conventional with DPA ≤80% AMI – 7.625%
DCOD Conventional with DPA >80% AMI – 8.125%
DCOD FHA with DPA – N/A*
DCOD FHA No DPA – 7.125%
Last Updated: 6/28/2024
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 – 7.625%
DC4ME Conventional with DPA >80% AMI – 8.125%
Last Updated: 6/28/2024
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.