DC Open Doors Expands Mortgage Offerings
DC Open Doors, the mortgage program that can provide down payment assistance for DC residents with an income of up to $125,580, expanded the mortgage products that it offers on Tuesday.
With the addition of the Freddie Mac HFA Advantage Program and Freddie Mac HFA Advantage Program with Down Payment Assistance Loan, the number of mortgage options that DC Open Doors offers has grown to six.
Outlined below are the minimum eligibility requirements for the two new loan products:
- 97 percent loan-to-value and up to 105 percent total loan-to-value
- $125,580 maximum income
- 45 percent maximum debt-to-income ratio
- Minimum 680 credit score for loan-to-value exceeding 95 percent
- Minimum 640 credit score for 95 percent loan-to-value and below
- Charter level mortgage insurance
This article originally published at http://dc.urbanturf.com/articles/blog/dc_open_doors_expands_mortgage_offerings/10934
Most Popular... This Week • Last 30 Days • Ever

When Johnsie Walsh rented a unit in her Stanton Park apartment building, she had no i... read »

The draft environmental impact statement for the transportation project expected to g... read »

An analysis by UrbanTurf found that there were 15 neighborhoods in DC where the media... read »

The project is the first Rosslyn high-rise that will include affordable units.... read »

Tysons Corner also comes in tenth nationwide in number of apartments built since 2016... read »
- Obama, The Tenant: A Chat With The President's DC Landlord
- 300 MPH, 18 Million Riders: How the Maglev Might Impact Traffic and Transit in the DC Area
- DC Has Its Most Million-Dollar Neighborhoods on Record
- Arlington County Approves 740-Apartment Ames Center Site Redevelopment
- 2,562 New Units: Tysons Tops DC Suburbs in Apartments Built
DC Real Estate Guides
Short guides to navigating the DC-area real estate market
We've collected all our helpful guides for buying, selling and renting in and around Washington, DC in one place. Visit guides.urbanturf.com or start browsing below!
First-Timer Primers
Intro guides for first-time home buyers
Unique Spaces
Awesome and unusual real estate from across the DC Metro