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"DC Open Doors" pays your Down Payment for you on a home purchase in DC. The money does not have to be paid back. You must have:
  • Less than $125,580/year in income
  • Have fair to good credit (660+)
UrbanLand Company Agents have over $38 million in successful $0 Down and low down payment home sales. Set Appointment $0 Down Loan Estimate Or, get to know us in our Free Home Buyer Workshops
The Virginia Housing Development Authority (VHDA) pays your Down Payment when you meet certain criteria. The money does not have to be paid back. You must have:
  • Less than $97,520/year in income (1-2 person households)
  • Less than $113,840/year in income (3+ persons)
UrbanLand Company Agents have over $38 million in successful $0 Down and low down payment home sales. Set Appointment $0 Down Loan Estimate Or, get to know us in our Free Home Buyer Workshops
The Maryland Mortgage Program loans you up to $8,500 in Down Payment Assistance. There's additional incentives from specific Maryland employers + great student loan incentive programs.
  • Incomes lower than $88,400 for 1-2 person households are eligible
  • Incomes between $88,400 & $128,760 may be eligible, based on county
UrbanLand Company Agents have over $38 million in successful $0 Down and low down payment home sales. Set Appointment $0 Down Loan Estimate Or, get to know us in our Free Home Buyer Workshops
 

Topics For Buyers

2015 Update: 15.7% of Nationwide Home Sales Used FHA Low Down Payment Mortgages


Last year we talked about a surge in FHA low down payment mortgages being used nationally by first time home buyers for home and condo purchases around the US.  At the mid point of 2015, FHA 3.5% down loans accounted for 23% of home purchases, just off the previous 2009 peak of 23.9%.

Fast forward to 2016. The full share for 2015 for FHA loans around the US cooled off to a total increase of 15.7% for all of 2015.  The states around the US seeing the most share of FHA loans were Utah (30.3%), Wyoming (27.3%), Indiana (27.2%), Idaho (26.4%) and New Mexico (24.4%).

FHA loan programs are easily accessible to new first time home buyers, but the 3.5% Down loan does have its drawbacks. FHA is very similar in structure to 100% financing programs like the DC Open Doors $0 Down program,” said Gerard DiRuggiero (Principal Broker of UrbanLand Company. “The loan makes it easy to buy with as little cash down as possible. The only downside is that actual monthly mortgage payments are slightly higher once you purchase due to built-in mortgage insurance and other administrative fees.”

Anyone wanting to check out FHA mortgages, the DC Open Doors $0 Down program, or other Maryland-specific down payment assistance programs should RSVP for one of our Free Home Buyer Workshops. We meet twice weekly, sessions are free, and here’s the best part. Our techniques, guidance and 1st time home buyer representation service has generated over $19.3 million in successful home purchases in 2014 & 2015!

“We are really a pathway to smart home or condo ownership that works for people. Whether you’re on a 30 day window to buy (or less) or are you just getting started on stopping the rent, come out and join us!” concluded DiRuggiero.

UrbanLand Company free Buyer Workshops are held on Tuesday evenings at 5:30pm and Saturday mornings at 10am. To RSVP or confirm this week’s sessions, email Info@UrbanLandCompany.com. Location is 913 Florida Ave. NW.

Real Estate Workshops
tile-sat-workshops.pngSaturday DC/MD/VA $0 Down Homebuying + Top Neighborhood Values: $0 Down Programs in DC/MD, 3.5% Down + optimizing your monthly payment. Sat. 2/20 10-11:30am | 913 Florida Ave NW
tile-tues-workshop.png$0 Down Home Buying – DC/MD/VA After Work Edition: Get the scoop in a fast format that puts you on the path to ownership. Tues. 2/23 5:30-7pm | 913 Florida Ave NW
tile-sat-workshops.pngSaturday DC/MD/VA $0 Down Homebuying + Top Neighborhood Values: $0 Down Programs in DC/MD, 3.5% Down + optimizing your monthly payment. Sat. 2/27 10-11:30am | 913 Florida Ave NW
tile-tues-workshop.png$0 Down Home Buying – DC/MD/VA After Work Edition: Get the scoop in a fast format that puts you on the path to ownership. Tues. 3/1 5:30-7pm | 913 Florida Ave, NW

To RSVP for a session, email Info@UrbanLandCompany.com or call 202.299.9223.

Here’s some of the homes we’ve represented Workshop attendees on in ’14 & ’15!

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