DC Down Payment Assistance Programs
Own Your First Home with No Money Down
Thinking Of Buying A House For The First Time? Let Us Help!
- Receive Up To $25,000 In Down Payment Assistance
- No Cost, No Obligation, No Pressure - Just A Conversation To Get To Know You
- Get Free, Up-To-Date Information About How To Qualify For First-Time Home Buyer Programs
- Pre-Qualifying Doesn’t Affect Your Credit Score
Down Payment Assistance For Your First Home
For over 25 years, we at The My Home Mortgage Team have been helping first-time home buyers pre-qualify and purchase their first home for little to no money down. There are a host of down payment assistance programs to help make buying a house for the first time easy and stress-free. The time is now to start investing in your future rather than wasting money away paying for someone else’s mortgage. Get in touch with our friendly and knowledgeable team today to learn about first-time home buyer qualifications and down payment assistance programs in D.C.
DC Down Payment Assistance Programs
We know that buying a home for the first time can be intimidating, confusing, and stressful. However, it doesn’t have to be that way. We at The My Home Mortgage Team are here to make the process of buying a house for the first time seamless and stress-free. Over the last 25 years, we have perfected our process and have helped countless D.C. residents hold the keys to their first home. We explain the process to you in a way that is simple and easy to understand, and then help you take the steps to pre-qualify and receive down payment assistance to purchase a home. All you have to do is reach out to us today to get started, and we will take care of the rest!
Statewide Down Payment Assistance Programs
Did you know that just by being a resident in D.C. automatically qualifies you to reap the advantages of several down payment assistance programs? Our expert staff knows the different down payment assistance programs in D.C. like the back of our hand, and will help you pre-qualify for the program that will benefit you and your needs the best. You can get started by giving our team a call, or pre-qualifying today.
Down Payment Assistance Programs In D.C.
As mentioned earlier, there are down payment assistance programs for first-time home buyers that are looking to own a home in D.C. Don’t worry, you won’t have to do endless hours of research to find the best program for you, that’s why The My Home Mortgage Team is here for! We take the time to understand your goals and needs, and set you up with the best down payment assistance program to help you get the results and assistance you’re looking for. Let’s dive into one of the main D.C. down payment assistance programs, the DC Open Doors:
- DC Open Doors – The DC Open Doors program offers to pay for 3.5% of your down payment, or 3% if you’re using conventional financing. The money provided to you can be used for a down payment as well as closing costs. Here are a few of the qualifications for this specific program:
- Maximum borrower income of $140,640 per household
- Maximum debt to income of 45% FHA, 50% Conventional
- Minimum credit score of 640
- Cannot own any other property at time of closing
- First-time home buying counseling only required if you are a first-time home buyer and using the HFA Preferred program.
If you would like more information or clarification about this down payment assistance program, please contact our team today. We are more than happy to explain the program in further detail and help you figure out if you are a good candidate for this program.
Additional Down Payment Assistance Programs In D.C.
Buying a house for the first time is a lot easier than most think. There are so many programs available to help with the financial side, and we at The My Home Mortgage Team are here to help you navigate the process. Here are a few other down payment assistance programs that you could qualify for:
- HPAP
- EHAP Employer Assisted Housing Program
- Chenoa Fund Rate Advantage
- Chenoa Fund DPA Edge: Soft Second
- Chenoa Fund DPA Edge: Repayable Second
- And More!
Buy Your Very Own Home Today!
Buying a house for the first time is an exciting moment in your life! Don’t let the fear and uncertainty of the process discourage you from taking the steps to become a first-time home buyer. We at The My Home Mortgage Team are here to show you there’s an easy, stress-free process to holding the keys to your very own home. Contact us today to get started!
Get In Touch To Get Started
Testimonials
Patient & Helpful
Tammi was very patient and very helpful throughout the entire application process. Being a first-time home buyer I didn't know a lot of this which made me frustrated but I was able to get approved and now I am a homeowner thanks to Tammi!
— James C.
No Pressure or Stress!
Tammi Lewis made my home buying experience very easy. I felt no stress or pressure. Tammi was with me every step and made sure I understood everything with detailed talks. My credit score was low and Tammi advised me how to raise it. So that the Loan process would be approved with no problems. Any one know that wants to buy their first home I am recommending Tammi Lewis and First Home Mortgage.
— Charlie F.
Professional & Timely
Rob made sure my experience as a first time home buyer was smooth and painless. Very professional and got things done in a timely manner. Could not have asked for more!
— Samantha J.
Great Experience for a New Homeowner
Rob was at all times, willing to go over the numerous pages of information with me. I am a new homeowner and had many as this was my first time navigating the home-buying waters. He explained things to me in a way that I understood and got me all of my documents in a timely and efficient manner. I enjoyed working with him and would refer him to anyone who is looking.
— Erica F.