The DC Housing Finance Agency provides a great program with down payment assistance for both first time home buyers and previous home owners. Your maximum allowed income cannot exceed $123,395 and the property must be purchased in the District. 20% of the loan is forgiven every year. With an allowable minimum credit score of 640, and a debt to income ratio no greater than 45%, this is an ideal choice for individuals looking to get into the city.
Schedule a consultation with us to discuss this and other programs that might help get you into your dream home! We’d love to help you get started!