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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 $33.7 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 $33.7 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 $33.7 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
 

Real Estate

2 Bedroom Showcase | These Homes Are Less Than DC Rent!


DC’s “average rent” for a 2 bedroom apartment currently sits at $2,416/month. That number is pulled from surveys of area apartment complexes, private listings and other available data. You may pay a little less if you rent from a private owner, rent from family or are just plain lucky.

“The DC area has always had extremely high rental prices, and those rental rates continue to rise year after year,” said Gerard DiRuggiero, Principal Broker of UrbanLand Company. “A lot of busy area professionals simply don’t realize that the money you pay in DC rent can be easily turned into owning a home in DC, Maryland or Virginia.

Interest rates on 30 year fixed rate mortgages are at 4.03% nationally from select banks for those who have stellar personal credit. You’ll pay around 5% interest for specialty loans like the DC Open Doors $0 Down Payment Program or the Maryland Mortgage Program’s parallel down payment assistance program.

Here’s tangible proof of 2 bedroom condos and homes you can buy right now in DC that are less than the average 2 bedroom rent. We’re assuming a 3.5% Down Payment using an FHA loan, a normal interest rate and a purchase price not to exceed $300,000 on a 2 bedroom. That gives you a monthly mortgage payment of $2070.56 and leaves room for condo fees, property mortgage insurance (PMI) and other associated costs. Note – the condo shown in the photo is a 2 bedroom that we recently sold!

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134 Mississippi Ave Se Washington, DC 20032

Price $300,000
Beds 2
Baths 2
Living Area SqFt 1,152
Status Active
MLS # DC9955654
Property Type Duplex
 

1431 19th St Se Washington, DC 20020

Price $299,900
Beds 2
Baths 2
Living Area SqFt 900
Status Active
MLS # DC10025083
Property Type Townhouse
 

4243 Dix St Ne Washington, DC 20019

Price $289,000
Beds 2
Baths 1
Living Area SqFt 572
Status Active
MLS # DC10052580
Property Type Detached
 

5055 Sheriff Rd Ne Washington, DC 20019

Price $286,000
Beds 2
Baths 1
Living Area SqFt 810
Status Active
MLS # DC10046912
Property Type Duplex
 

3000 7th St Ne #101 Washington, DC 20017

Price $284,900
Beds 2
Baths 1
Living Area SqFt 731
Status Active
MLS # DC10025146
Property Type Garden 1-4 Floors
 

210 Oakwood St Se #105 Washington, DC 20032

Price $275,000
Beds 2
Baths 2
Living Area SqFt 920
Status Active
MLS # DC10055452
Property Type Garden 1-4 Floors
 
$275,000 - 2Br/1Ba -  for Sale in Brentwood, Washington
New

1936 Capitol Ave Ne Washington, DC 20002

Price $275,000
Beds 2
Baths 1
Living Area SqFt 987
Status Active
MLS # DC10059708
Property Type Attach/row Hse
 

3008 K St Se Washington, DC 20019

Price $250,000
Beds 2
Baths 1
Living Area SqFt 805
Status Active
MLS # DC10038221
Property Type Detached
 

3116 E St Se Washington, DC 20019

Price $250,000
Beds 2
Baths 1
Living Area SqFt 818
Status Active
MLS # DC10015587
Property Type Detached
 

Want to learn how to buy a home or condo? We have free group Home Buyer Workshops twice a week, every week. Here’s the schedule:

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