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DC Open Doors Requirements

Previously called DC Bonds, DCFHA released a new home buyer assistance program in June of 2013, and named it DC Open Doors. The goal of this program was to increase the accessibility of affordable homes through down payment assistance and mortgage financing to DC residents.

It can be quite expensive to live downtown and often a home's down payment is a big deterrent to those who live in the city. Available to first time home buyers and repeat home buyers, the Open Doors program changes that dynamic considerably.

Firstly, the Down Payment Assistance Loan (DPAL) does not have to be paid back and that loan's balance is reduced 20% each year for 5 years, with continued residency, resulting in zero balance due. This program is open to anyone earning less than $125,580 per year who uses a real estate agent and DCHFA mortgage professional to buy a home. It is not eligible for co-ops, but can be used on any DC home or condo. It's important to note that applicants do not currently need to live in Washington, D.C. to apply. This program is open to all DC neighborhood areas and wards.

Let's say you're buying a house in DC for $400,000 (to make the math easy). DC Open Doors will give you $400,000 to buy the house. You would only be responsible for your closing costs, which would be about 3% (or about $12,000). We've been able to negotiate a 3% seller credit for most of our buyers, which covers the bulk of your closing costs, enabling you to buy the property for virtually $0 down. You will need some money upfront, though. You will need an earnest money deposit ($1,000 should be enough), money for a home inspection if you decide to do one ($300-$400), and money for loan origination ($500-$800). Sometimes lenders require the loan origination money upfront, and sometimes they will accept it at settlement. The earnest money deposit is applied to your closing costs, and if funds are leftover, you will get that money back at settlement. Many of our buyers have received checks at settlement.

Latest 3 Bdrm DC Open Doors Qualifying Homes

4416 Foote St Ne, Washington image
4416 Foote St Ne, Washington $415,000

Potential Abounds. Golden Opportunity Plus Location 3 stories totaling 1785 sq ft. Featuring a walk-in lower lever. with living room, bedroom, full bath, mechanical with ...

  • 3 Beds
  • 3 Baths
  • DCDC2062884 MLS
6020 28th St Nw, Washington image
6020 28th St Nw, Washington $5,200

You will not want to miss this spacious popular Mid -Century which is situated in a great location and is both light and bright and has 4 bedrooms with 2 baths built i...

  • 4 Beds
  • 2 Baths
  • DCDC2062636 MLS
3197 Apple Rd Ne Unit #9, Washington image
3197 Apple Rd Ne Unit #9, Washington — Fort Lincoln $380,000

Photo,s coming soon. Condo Townhouse featuring updated kitchen w/ counters,cabinets & appliances,2 1/2 baths , carpet, and much more. Large kitchen w/connected breakfas...

  • 3 Beds
  • 3 Baths
  • DCDC2047478 MLS
  • Fort Lincoln Bldg.
1123 46th Pl Se, Washington image
1123 46th Pl Se, Washington $375,000

Now available and waiting on you! You are going to love this 3-bedroom, 2 full bath, semi-detached home in a mature well-maintained community. Freshly painted main and se...

  • 3 Beds
  • 2 Baths
  • DCDC2044400 MLS
732 Adrian St Se, Washington image
732 Adrian St Se, Washington $329,000

This detached single-family home is a great opportunity for an investor or homeowner looking to build some equity; the home has three bedrooms, a partially finished base...

  • 3 Beds
  • 2 Baths
  • DCDC2062214 MLS
3281 15th Pl Se Unit #202, Washington image
3281 15th Pl Se Unit #202, Washington $249,900

*Seller will give concession towards A/C repair* The time is now! Come and tour this spacious unit in the conveniently located Fairview Condos! Move in ready with a huge ...

  • 3 Beds
  • 1 Baths
  • DCDC2062096 MLS
908 Perry Pl Ne, Washington image
908 Perry Pl Ne, Washington $300,000

ONLINE AUCTION: Begins 08/16 @ 10:00 am. Ends 08/18 @ 11:20 am. List Price is Opening Bid. ATTENTION INVESTORS HIGHLY SOUGHT AFTER DC LOCATION! 2 Story Purch-front Town...

  • 3 Beds
  • 2 Baths
  • DCDC2062008 MLS
5614 Blaine St Ne, Washington image
5614 Blaine St Ne, Washington $300,000

ATTENTION INVESTORS! Here is a 3 bedroom, 1 bath home in Deanwood just off Eastern Avenue NE. Full basement with 7'4" height and rear entrance. Solar panels on roof. Thi...

  • 3 Beds
  • 1 Baths
  • DCDC2060754 MLS
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DC OPEN DOORS - Homebuyer Down Payment Assistance Program

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Jacques Edelin, Realtor
eXp Realty
1441 L St NW, Fl 10-12
Washington, DC 20005
240-498-1987 cell
833-335-7433 office
jacques.edelin@exprealty.com

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