Dc Open Doors Requirements

See dc open doors lender manual.

Dc open doors requirements. 3939 benning road ne washington dc 20019 202 650 5631. Fha fha 203 ks fannie mae 80 ami limit 95 920 over 80 ami. We know one of the biggest obstacle to a home purchase can be the required down payment so they now offer down payment assistance that bridge the financial gap. In order to qualify for dc open doors you must meet the minimum requirements below.

If you are not sure if your lender has reserved a mortgage loan for you under dc open doors contact your lender to verify or feel free to contact us directly at 202 777 1600. Requirements all fha investor underwriting requirements imposed all fha investor underwriting requirements imposed du approve eligible or lp accept. Borrower does not need to be a first time homebuyer cannot own any other property at time of settlement borrower income may not exceed 151 200 not based upon household income minimum credit score of 640. 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.

Dc open doors requirements. Mortgage loan product fha. Se washington dc 20020 202 889 2196. The dc open doors program makes homeownership in washington dc affordable by offering qualified buyers home purchase loans and down payment assistance.

Dc open doors makes homeownership in washington dc affordable by offering qualified buyers home purchase loans and down payment assistance. 220 i st ne 130 washington dc 20001 202 547 4747. The goal of this program was to increase the accessibility of affordable homes through down payment assistance and mortgage financing to dc residents. Dc open doors is a mortgage program of the district of columbia housing finance agency.

Previously called dc bonds dcfha released a new home buyer assistance program in june of 2013 and named it dc open doors. Offered only with plus products. 1800 martin luther king jr. Borrowers approved for a dc open doors down payment assistance loan dpal will receive a borrower commitment letter.

Washington dc 20032 202 373 1050. Dc open doors down payment assistance. The program offers home loans as well as down payment assistance to qualifying applicants. University legal services inc.

In order to help individuals in our capital achieve their dreams of homeownership the district of columbia housing finance agency started dc open doors. Freddie mac 80 ami limit 95 920 over 80 ami. See rates tab closing cost subsidy click for details.