DC Homeownership Programs

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DC Homeownership Programs

DC Open Doors

A Catalyst For Homeownership

The DC Housing Finance Agency (DCHFA) Single Family Programs division manages all of the Agency’s homeownership programs with the goal of expanding and retaining homeownership opportunities in the District of Columbia.

The Agency offers a variety of programs for current and potential homeowners. Many of these programs may be combined and used simultaneously.

DC Open Doors | DCOD

DC Open Doors is the key to homeownership in the District. The program offers competitive interest rates and lower mortgage insurance costs on first trust mortgages.

Financial assistance through DCOD is provided in the form of a deferred 0% non-amortizing (no monthly payments) loan that is due and payable upon any one of the following:

  • thirty (30) years from the date of loan closing
  • sale or any transfer (by gift or otherwise) of the property to another person, business, or entity
  • property ceases to be your principal residence,
  • refinancing your first trust mortgage. 

You are not required to be a first-time homebuyer to qualify for DC Open Doors. You must, however, be purchasing a home in the District of Columbia to qualify.

[Read more about DC Open Doors here.]

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DC4ME

DC4ME provides D.C. government employees a first trust mortgage at a reduced interest rate. The rate comes with or without the option of three percent down payment assistance with a zero percent deferred subordinate loan.

DC4ME is offered to current full-time District Government employees, including employees of District Government-based Instrumentalities, Independent Agencies, District of Columbia Public Charter Schools, and organizations, provided the applicant/borrower’s employer falls under the oversight of the Council of the District of Columbia.

Qualifications

  • Must be a first time homebuyer, having had no ownership interest in a primary residence during the most recent three year period and no ownership interest in any property of any type at the time of settlement.
  • At least one borrower must be a current full-time District Government employee, including employees of District Government-based Instrumentalities, Independent Agencies, District of Columbia Public Charter Schools, and Organizations, provided the applicant/borrower’s employer falls under the oversight of the Council of the District of Columbia. [DC4ME Eligible Employers List]

Program Requirements

  • Maximum household income may not exceed 120 percent Area Median Income (AMI)
  • Maximum loan amount may not exceed $484,350
  • Maximum sales price may not exceed $525,000
  • Borrower must have a minimum credit score of 640
  • Borrower may not have a Debt to Income ratio that exceeds 50 percent
  • At least one borrower must take a Homebuyer Education Class and provide proof of completion to DCHFA

DC4ME FAQs

  • Can I combine DC4ME  with other District home purchase assistance programs? 

Yes. Applicants may combine DC4ME with other District home purchase assistance programs, if eligible including: the District of Columbia Employer Assisted Housing Program (EAHP) and the District of Columbia Home Purchase Assistance Program (HPAP).

  • Can I have a co-signor?

No. Co-signors are not accepted for the DC4ME  program.

  • How long do I have to have worked for District Government before I qualify?

There is no minimum tenure to qualify for DC4ME; however, you must show proof of your employment start. DCHFA will not accept offer letters as proof of employment.

  • How do I know if my instrumentality, independent agency, or organization qualifies for the program?

Check this list of qualifying D.C. Government Agencies/Entities. The list of agencies/entities is subject to change at any time without notice per updates made by the Council of the District of Columbia and posted on its website.

[Read more about DC4ME.]

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HOME PURCHASE ASSISTANCE PROGRAM | HPAP

The Home Purchase Assistance Program (“HPAP”) is available to first-time homebuyers purchasing a home located in the District to provide gap financing to assist with necessary funds to purchase.  The assistance provides down payment and closing cost assistance in the form of a deferred interest free loan to first-time District homebuyers falling within the very low and moderate income levels.

The income limits were determined based upon the area median income for the Washington, DC metro area, established by the Secretary of the U.S. Department of Housing and Urban Development.

 

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