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Thanks to the new loan program that we offer through the DC housing finance agency (DCHFA), home buyers in Washington DC do not need their own funds for a down payment!

The program will provide the needed funds for the down payment, and provided you live in the property for five years, you don’t have to pay back the down payment to the agency.

Financing is available for both conventional and FHA loans.  For the conventional loan option, you receive a reduced mortgage insurance (MI) premium as well, which approximately cuts the MI by half.

To qualify, your income must be less than $123,395.

For more information and to apply, please feel free to reach out to me (240) 479-7658, ajaffe@gofirsthome.com.

DCHFA’s website is www.dchfa.org