DC REAL ESTATE LENDING

Mortgage Programs for the DC Metro Area

Mortgage Programs to Discuss With Your Lender

Conventional Mortgage Loans

  • Fixed Rate
  • Adjustable Rate
  • Jumbo Loans
  • 5/5 ARM (adjustable rate)
  • Physicians Loan
  • Attorney Loan

First Time Homebuyer Loans

  • DC Open Doors
  • 100% Financing
  • Virginia Housing Development Authority (VHDA)
  • 5/5 ARM (adjustable rate)

Government Mortgage Program

  • VA (Veterans Administration) zero downpayment
  • FHA (Federal Housing Administration) 3.5% downpayment

DC Mortgage Assistance Programs

Open Doors

The DC Open Doors program offers qualified buyers mortgage loans and down payment assistance loans (DPAL). The program is available to applicants who do not currently own a home and wish to purchase in the District. They must have an individual borrower income no greater than $125,580. and a credit score of 680 or higher for loans with a 5% down payment. Some loan programs require homeownership classes. Find details at DC Open Doors.

HPAP

The HPAP program is run by the DC Department of Housing and Community Development. It offers financing assistance from $10,000. to $50,000. with closing cost assistance of $4,000 for first-time buyers in Washington DC. The amount of funding available is based on income. The program provides a 40-year loan with deferred payments for the first five years. More information is available on the DCHCD website.  

Ask An Expert

The best way to find a mortgage loan program that fits your needs is to consult an expert. Here are four mortgage professionals in the DC Metro Area our clients have highly recommended, in no particular order. It is advisable to get more than one mortgage loan pre-approval. Lending institutions offer different programs. You’ll want to match a program to your needs and the home type you purchase.
  • Brian Farasy, Corridor Mortgage Group, Inc. NMLS ID 455911 Branch Manager, Loan Originator bfarasy@corridormtg.com
  • Christopher J Cox, First Savings Mortgage NMLS ID: 520211 Vice President Mortgage Banking chriscox@firstsavings.com
  • Kari Sansom-Elwood, BB&T Mortgage Loan Officer Assistant Vice President ksansom@bbandt.com
  • David P. Anzueto, Atlantic Coast Mortgage, LLC NMLS 207452 Vice President danzueto@acmllc.com
  • Peter Accolla, George Mason Mortgage NMLS 257524 Mortgage Broker Branch Manager paccolla@gmmllc.com

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