If you are thinking about purchasing a primary residence in Washington DC, one of these programs could be a good fit. The District of Columbia Housing Finance Agency and The Washington DC Department of Housing and Community Development have developed these programs to assist potential homebuyers in purchasing a home in Washington DC.
The District of Columbia Housing Finance Agency’s DC Open Doors Program* makes homeownership in Washington, DC affordable by offering qualified buyers home purchase loans and down payment assistance. These products have income and credit guidelines established by the DC Housing and Finance Agency. But, they do not restrict the program to first-time home buyers. DC Open Doors provides financing for both single-family homes and condos.
The Washington DC Department of Housing and Community Development’s Home Purchase Assistance Program* provides interest-free loans and closing cost assistance to qualified applicants to purchase single family homes , condos or cooperative units in Washington, DC. These loans are subordinate to private first trust mortgages. The Home Purchase Assistance Program has income and credit guidelines established by the Department of Housing and Community Development. This program is restricted to first-time homebuyers and those not having interest in any residential property in the last three years.
Contact a George Mason Mortgage Loan Officer with questions and to find out if one of these programs might be your key to homeownership in Washington DC.
*These products are subject to availability. Contact your George Mason Mortgage loan officer for more information.