Dc Open Doors Approved Lenders

Fha fha 203 ks fannie mae 80 ami limit 95 920 over 80 ami.

Dc open doors approved lenders. The dc open doors program pays for your down payment if you apply and qualify for the program. Looking to find a lender. You will still require a lender or mortgage broker in order to finance the purchase of your home or condo. Offered only with plus products.

Affordable by offering qualified buyers home purchase loans down payment and closing cost assistance. In order to apply to the dc open doors program you ll need to reach out to an approved lender like first savings mortgage. Our participating lenders handle the entire mortgage loan process from application to settlement. See rates tab closing cost subsidy click for details.

The program offers deferred repayable loans for a buyer s minimum down payment requirement in addition to below market interest rates for first trust mortgages for the purchase of a home. Freddie mac 80 ami limit 95 920 over 80 ami. The dc open doors loan provides zero down payment financing to purchasers in washington dc. Below is a list of dc open doors approved lenders who work in partnership with dchfa.

You can access dc open doors by working with one of our participating lenders who offer our mortgage loan products. The dc housing finance agency dchfa makes owning a home both affordable and attainable with the dc open doors program is a mortgage program that can provide down payment assistance for those with an income of up to 151 200 as of 2020. We maintain a network of lenders who are trained in dc open doors and know how to structure your. Set up some time with an expert loan officer to discuss more about the program or to simply walk you through the application together.

First time homeowners and existing homeowners are both eligible. Qualified first time and repeat buyers are eligible for the program. All of your inquiries will be handled by actual dc open doors specialist real estate agent from our firm. Dchfa has a list of dc open doors approved lenders who work in partnership with our organization.

See dc open doors lender manual. It does not finance your entire home purchase. Dc open doors makes homeownership in washington d c. It provides us with comprehensive personal information used with participating dchfa approved lenders to begin the application process.