DC Downpayment Assistance Programs

Down-payment Assistant Programs in DC

• DC Opens Doors

  • • Eligibility

      • open to both first-time and repeat homebuyers

      • open to all neighborhoods

      • open to both residents and non-residents of DC

    • Program requirements

      • Minimum credit score of 640

      • Maximum income of $199,200

        • • Income is based on BORROWER's income ONLY (not houeshold)

      • Maximum debit-to-income (DTI) ratio of 50% (max DTI For FHA loan is 45%. Max DTI for FHA loans with a 680 credit score is 50%)

      • $726,300 maximum 1st trust loan - no maximum sales price limit

    • Sign up for workshop: https://www.dchfa.org/homeownership/available-programs/dc-open-doors/ 

• HPAP - Home Purchase Assistance program

  • • interest-free loans to assist with closing costs

    • Max $80,000 in gap financing assistance

    • $4,000 closing cost assistance

    • First trust loan cannot exceed $510,400

    • Click here for eligibility.

• https://www.dchfa.org/homeownership/available-programs/

• Inclusionary Zoning (IZ) Affordable Housing Program