Are you a first-time homebuyer in the District of Columbia (DC)? This comprehensive guide is your essential resource, offering specialized assistance programs and valuable information exclusively tailored for residents of the nation's capital. Explore a variety of programs, including down payment assistance and favorable mortgage options, designed to make homeownership more attainable in the unique DC real estate market.
State-Wide Programs
Program | Assistance Offered | Who Should Apply | Assistance Type |
---|---|---|---|
DC4ME | Up to 3% of home sale price that can be used for down payment assistance | First time homebuyers who are currently DC government employees, including teachers, government agencies, and first responders | Deferred loan with a 0% interest rate |
DC Open Doors | Up to $80,000 in down payment assistance and an additional $4,000 towards closing costs | First time homebuyers that can meet income requirements | Deferred loan with a 0% interest rate |
Down Payment Assistance | Down payment assistance - amount not specified | Income limits, credit score of at least 640 | Deferred loan with a 0% interest rate |
Employer Assisted Housing Program | Up to $20,000 in down payment assistance and an additional $5,000 towards closing costs. Additional assistance for first-responders for up to $15,000 in down payment assistance. | First time homebuyers who are currently DC government employees, including teachers, government agencies, and first responders | Deferred loan with a 0% interest rate |
Mortgage Credit Certificate | Reduces up to 20% in mortgage interest that you pay into federal taxes for the life of your loan | FTHBs purchasing SFH subject to income limits | Tax credit |
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