Dc Open Doors Lenders
Take a look below and ask your lender if you qualify for one or more of these programs.
Dc open doors lenders. You will still require a lender or mortgage broker in order to finance the purchase of your home or condo. Extension fees are netted from the loan purchase price when loans are purchased by the master servicer. See dc open doors lender manual. It does not finance your entire home purchase.
Dc open doors makes homeownership in washington dc affordable by offering qualified buyers home purchase loans and down payment assistance. To request an extension click here please provide reason the new settlement date eligibility criteria. Financial assistance through dcod is provided in the form of a deferred 0. Dc open doors interest rates fha 2 625 fha plus w dpa 2 875 hfa conventional no dpa 80 ami 2 750 hfa conventional w dpa 80 ami 2 875.
Watch the video for more information. The dc open doors loan provides zero down payment financing to purchasers in washington dc. If you would like to reach us by phone dial 202 769 5681 we recommend you ask any general questions or make information requests through this website as it guarantees we will have your full information and will help us work efficiently on your behalf. The program offers deferred repayable loans for a homebuyer s minimum down payment requirement in addition to below market interest rates for first trust mortgages for the purchase of homes in the district of columbia.
The program offers competitive interest rates and lower mortgage insurance costs on first trust mortgages. The dc open doors program pays for your down payment if you apply and qualify for the program. A b c d e f g h i j k l m n o p q r s t u v w x y z. Affordable by offering qualified buyers home purchase loans down payment and closing cost assistance.
Dc open doors interest rates fha 2 625 fha plus w dpa 2 875 hfa conventional no dpa 80 ami 2 750 hfa conventional w dpa 80 ami 2 875. Dc open doors dcod is your key to homeownership in the city. We maintain a network of lenders who are trained in dc open doors and know how to structure your. Maximum loan amount as of 9 1 20 is 765 600 for conventional loans 510 400 for fha.
Urbanland company is here to help you with all of your dc open doors and general homebuying needs. Below is a list of dc open doors approved lenders who work in partnership with dchfa.