There are several programs sponsored by local area government that are here to help you buy your first condominium or home in downtown Washington, D.C. or Maryland 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 $0 Down programs in Washington, DC 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 $123,395 per year to qualify for this program!
Prince George’s County, Maryland offers similar programs, known as the My Home and My Home II homebuying assistance programs.
- The My Home & My Home II programs are both similar in structure and deliver $0 Down homebuying through an additional loan program. More info on My Home vs. My Home II is available at MyHomeII.com.
See all DC Homes Under $499,000.
(all data current as of 8/30/2014)
$200,000 : 6008 7TH ST NW, Washington3 beds, 1 full, 2 part baths
$200,000 : 1640 V ST SE, Washington3 beds, 1 full bath
$200,000 : 3504 18TH ST NE, Washington3 beds, 2 full, 1 part baths
$200,000 : 3234 BANNEKER DR NE, Unit 3234, Washington3 beds, 2 full, 1 part baths
1 bed, 1 full bath
$203,300 : 821 52ND ST NE, Washington2 beds, 2 full baths
$205,000 : 1438 CONGRESS PL SE, Washington3 beds, 2 full baths
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