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Down Payment Assistance & Closing Costs Resources

Down Payment Assistance, dpa

Homebuyers will need two types of funds to purchase their home⁠: down payment and closing costs.

A down payment is money a buyer must invest up-front toward the home they are financing with a mortgage loan. Buyers typically put down anywhere from 3% – 20% of their home purchase price, depending on the terms of their loan.

Closing costs are the amount of money needed to complete a home purchase. These costs can average between 2% – 8% of a home’s purchase price (in addition to down payment funds) and typically include title, recording, and inspection fees; property taxes, and other escrow funds.

The following down payment assistance and closing costs resources can assist homebuyers with with a flexible loan and/or down payment and closing costs.

PROGRAMDETAILS
Community Champions
(All areas)
Closing Costs for First Responders, Teachers, etc.
DC4ME
(Washington, DC)
Loan w/optional 3% down payment assistance 
DC Open Doors
(Washington, DC)
Employer Assisted Housing Program -EAHP
(Washington, DC)
Deferred, 0% interest loan and a matching funds grant
FHLBank Atlanta Community Partners ProductUp to $7,500 down payment and closing cost assistance, 5-year forgivable loan
FHLBank Atlanta First-Time Homebuyer ProductUp to $5,000 down payment and closing cost assistance, 5-year forgivable loan
FHLBank Atlanta Returning Veterans Purchase or Purchase / Rehabilitation ProductUp to $10,000 down payment and closing assistance, 5-year forgivable loan
FHLBank Atlanta Veterans Purchase or Purchase / Rehabilitation ProductUp to $7,500 down payment and closing assistance, 5-year forgivable loan
Freddie Mac HFA Advantage MortgagesLoan w/added flexibilities for Housing Finance Agencies (HFAs)
Gaithersburg Homebuyer Assistance Loan Program – GHALP
(Gaithersburg, MD)
Up to $25,000 for down payment and closing costs
Home Purchase Assistance (HPAP)
(Washington, DC)
Up to $80,000 in gap financing assistance and an additional $4,000 in closing cost assistance.
Home Stretch – Down Payment Assistance ProgramUp to $10,000 is available for down payment assistance 
Homes 4 Heroes
(All areas)
Closing Costs for First Responders, Military, Teachers, etc.
Maryland Mortgage Program 1st Time Advantage 3% LoanLoan for home purchase PLUS down payment and closing cost assistance deferred loan
Maryland Mortgage Program 1st Time Advantage 5000Loan for home purchase PLUS $5,000 down payment and closing cost assistance deferred loan
Maryland Mortgage Program Community Partners Incentive ProgramUp to $2,500 down payment and closing cost assistance, 0% interest deferred loan
Maryland Mortgage Program Flex 3% GrantLoan for home purchase PLUS down payment and closing cost assistance grant
Maryland Mortgage Program Flex 3% LoanLoan for home purchase PLUS down payment and closing cost assistance deferred loan
Maryland Mortgage Program Flex 4% GrantLoan for home purchase PLUS down payment and closing cost assistance grant
Maryland Mortgage Program Flex 5000Loan for home purchase PLUS $5,000 down payment and closing cost assistance deferred loan
Maryland Mortgage Program House Keys 4 Employees (HK4E)Up to $2,500 down payment and closing cost assistance, 0% interest deferred loan
Maryland Mortgage Program Smart Keys 4 EmployeesUp to $1,000 down payment and closing cost assistance, 0% interest deferred loan
Mortgage Purchase Program (MPP) 
Mortgage Purchase Program (MPP) House Keys 4 Employees (HK4E)
Mortgage Purchase Program (MPP) Option 2 of the MPPmortgage plus 3% for downpayment and/or closing costs
Mortgage Purchase Program (MPP) Revolving Closing Cost Assistance Program (RCCAP) “5 for 55% of the sales price up to $10,000 for downpayment and/or closing costs for Montgomery County employees
Negotiated Employee Assistance Home Purchase Program – NEAHP
(Washington, DC)
$3,000 to $26,500 grant for DC government employees covered by a collective bargaining agreement
Pathway To Purchase
(Prince George’s Co., MD)
home buying basics, Down Payment Assistance, dpa

Have more questions about down payment assistance and closing costs in DC or MD?

We’re here to help. Send us a message or contact us at 202-818-8718 for 1-on-1 assistance.

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