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Home Purchase Assistance Program (HPAP)
The Home Purchase Assistance Program (“HPAP”) is available to first-time homebuyers purchasing a home located in the District to provide gap financing to assist with necessary funds to purchase. The assistance provides down payment and closing cost assistance in the form of a deferred interest-free loan to first-time District homebuyers falling within the very low and moderate income levels.
The income limits were determined based upon the area median income for the Washington, DC metro area, established by the Secretary of the U.S. Department of Housing and Urban Development.
The maximum first trust loan amount cannot exceed the conforming loan limit (currently $766,550 – subject to change without notice).
Program Documents
Below are various documents you may need for the HPAP.
.DC OPEN DOORS INTEREST RATES
DCOD Conventional no DPA ≤80% AMI – 6.625%
DCOD Conventional no DPA >80% AMI – 6.875%
DCOD Conventional with 3% DPA ≤80% AMI – 7.375%
DCOD Conventional with 3% DPA >80% AMI – 7.500%
DCOD FHA with 3.5% DPA – N/A*
DCOD FHA No DPA – 6.750%
Last Updated: 12/9/2024
Jumbo/High Cost loan rates available upon request
DC4ME INTEREST RATES
DC4ME Conventional no DPA ≤80% AMI – 6.500%
DC4ME Conventional no DPA >80% AMI – 6.875%
DC4ME Conventional with 3% DPA ≤80% AMI – 7.375%
DC4ME Conventional with 3% DPA >80% AMI – 7.500
Last Updated: 12/9/2024
Jumbo/High Cost loan rates available upon request
DCHFA 10% DPA PILOT RATES
DCOD Conventional with 10% DPA ≤80% AMI – 7.750
DCOD Conventional with 10% DPA >80% AMI – 7.875
DCOD FHA with 10% DPA – N/A
Last Updated: 12/9/2024
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.