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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
 

Real Estate

Own These DC Homes For Less Than $2,000/Month


Want to know the best way to Stop The Rent? Step 1 is to understand the real monthly and out-of-pocket cash costs to buy a home or condo in DC. Mortgage interest rates on conventional 30 year fixed rate mortgages are down around 3.9% this week from select banks for those with perfect credit putting 20% Down Payment into the loan. If you want to put less money down or $0 Down Payment into the loan, you’ll see a rate closer to or at around 5%.

Homes less than $2,000/month are down at the bottom of the page!

Interest rates this low, whether you’re putting down 20% or not, result in a very reasonable monthly mortgage payment. You’ll be locking down an interest rate on a 30 year fixed rate loan, so your mortgage payment will not be going up due to interest rates for as long as the mortgage is live.

If you keep your home purchase in DC to $265,000 or less, your monthly mortgage payment will most likely be under $2,000/month. On an FHA loan with 3.5% Down Payment, your $265,000 mortgage will result in a $1,931.28 monthly mortgage payment. That includes property taxes, homeowner’s insurance and property mortgage insurance (PMI). If you’re buying a home without a condo fee, then you’re looking at reasonably accurate housing budget.

This was a loose explanation of mortgage payment levels. To get a more accurate picture of the true monthly costs of buying a home, attend one of our Free Home Buyer Workshops held in DC & Maryland.

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Or, get help online. We are full-time real estate agents and happy to share guidance and advice to you by phone or in-person privately. We are great with financing – use our Pre-Loan Estimate system to get a real simulation of your purchasing power using local lending rates.

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610 Longfellow St Nw #304 Washington, DC 20011

Price $200,000
Beds 1
Baths 1
Living Area SqFt 513
Status Active
MLS # DC10076150
Property Type Garden 1-4 Floors
 

1444 W St Nw #108 Washington, DC 20009

Price $200,000
Beds 3
Baths 1
Living Area SqFt 800
Status Active
MLS # DC10079297
Property Type Garden 1-4 Floors
 

2301 Pitts Pl Se #302 Washington, DC 20020

Price $208,900
Beds 2
Baths 2
Living Area SqFt 941
Status Active
MLS # DC10108295
Property Type Garden 1-4 Floors
 

2900 Pomeroy Rd Se #201 Washington, DC 20020

Price $209,000
Beds 2
Baths 2
Living Area SqFt 0
Status Active
MLS # DC9744636
Property Type Garden 1-4 Floors
 

4917 Minnesota Ave Ne Washington, DC 20019

Price $209,990
Beds 3
Baths 1
Living Area SqFt 1,296
Status Active
MLS # DC10119434
Property Type Detached
 

5611 5th St Nw #24 Washington, DC 20011

Price $212,000
Beds 1
Baths 1
Living Area SqFt 510
Status Active
MLS # DC10099211
Property Type Garden 1-4 Floors
 

828 46th St Ne Washington, DC 20019

Price $214,900
Beds 2
Baths 1
Living Area SqFt 600
Status Active
MLS # DC10099760
Property Type Detached
 
$214,900 - 1Br/1Ba -  for Sale in Columbia Heights, Washington
Open House

4120 14th St Nw #b1 Washington, DC 20011

Price $214,900
Beds 1
Baths 1
Living Area SqFt 586
Status Active
MLS # DC10100418
Property Type Garden 1-4 Floors
 

3287 15th Pl Se #201 Washington, DC 20020

Price $215,000
Beds 3
Baths 1
Living Area SqFt 1,000
Status Active
MLS # DC10039158
Property Type Garden 1-4 Floors
 

Not ready to sit down with a real estate agent yet? We have free group Home Buyer Workshops twice a week, every week. Here’s the schedule:

 

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