DC First Time Homebuyer Program!
Have you been thinking about buying a home in the Washington, DC area and wondering how you will come up with the cash?
We were in the same position too, and the District of Columbia has provided us a solution!
Washington, DC created the DC Opens Doors Program to assist first-time homebuyers with their downpayment.
They will provide homebuyers up to 3.5% of the purchase price to be used toward buyers downpayment.
The best part - you do not pay it back if you live in the home for five years!
- Must be a first-time homebuyer
- Minimum credit score of 640
- Maximum debt to income of 45-50%
- The borrower cannot make more than $132,360 annually
This is truly an amazing program that we have suggested to many of our clients. Many of whom have taken advantage of it to buy their first home.
Who is the mortgage lender to choose?
We can provide info for the approved lenders!
Do You Need to Sell Your Current Home First?
Find out your home's current value here!