There are several programs sponsored by D.C. government organizations that are here to help you buy your first condominium or home in downtown Washington, D.C. We can help you qualify for these programs, many of which provide financial assistance, and sometimes even free money, for you to use in buying a home.
Here’s some basic introductory information on DC programs that can help put homeownership in reach with thousands or even tens of thousands of dollars for you to use when purchasing.
- The DC Bond Program, with fixed rate, 30 year mortgages at 4.5% as well as up to $10,000 in downpayment or closing costs assistance (when available). This program has been discontinued and replaced with the DCHFA “Open Doors” Program as of 5/2013.
- The DCHA “Open Doors” Program pays your Downpayment with an additional, forgivable 5 Year Down Payment loan. The loan DOES NOT have to be paid back. Your credit score must be Fair to Good and your household income must be lower than $123,000 per year to qualify for this program!
There are also several other programs available to D.C. residents:
- The Home Purchase Assistance Program (HPAP), with 0% interest the first 5 years, up to $40,000 in downpayment assistance & an extra $4,000 in closing costs help.
- Special D.C. government employee programs (EAHP) with up to $1,500 in downpayment grants & up to $10,000 in deferred downpayment loans.
See all DC Homes Under $499,000.
(all data current as of 12/4/2013)
$200,000 : 3115 Minnesota Ave Se, Washington3 beds, 2 full baths
$200,000 : 1926 17th St Se, Washington2 beds, 1 full bath
$202,100 : 1333 Adams St Ne #1, Washington2 beds, 1 full bath
$204,300 : 1513 Howard Rd Se, Washington3 beds, 2 full, 2 part baths
$205,000 : 55 M St Nw #104, Washington1 bed, 1 full bath
$205,000 : 417 Atlantic St Se, Washington4 beds, 2 full, 1 part baths
$206,000 : 1354 Queen St Ne #202, Washington2 beds, 2 full baths
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