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The DC Open Doors program offers down payment assistance loans (also referred to as DPALs) for Washington, DC residents.

The time required to have the down payment forgiven with the DC Open Doors DPAL is 5 years. Yes, just 5 five years!

If you continue to live in the home purchased with the DC Open Doors DPAL for 5 years and do not sell or refinance the mortgage, the DPAL will be completely forgiven.

This loan is forgiven at a rate of 20% per year.

For example, if you sell the property in year 4, only 80% of the DPAL will be forgiven. If you sell the property in year 3, only 60% of the DPAL will be forgiven. And so on…

Take note that the requirement is to continue to live in the home and not simply continue to own the home.

No rentals for 5 years.

In other words, if you move-out and rent the property, you risk the ability to have the loan forgiven.

After the 5 years and the DPAL has been forgiven, there are no longer any rental provisions.