DC REAL ESTATE LENDING

Choosing a mortgage loan program is an important first step towards buying DC real estate. Discuss these programs with your mortgage lender.

Conventional Mortgage Loans
  • Fixed Rate
  • Adjustable Rate
  • Jumbo Loans
  • 5/5 ARM (adjustable rate)
  • Physicians Loan
  • Attorney Loan
First Time Homebuyer Loans
  • Home Ready
  • DC Open Doors
  • 100% Financing
  • 5/5 ARM (adjustable rate)
Government-backed Mortgage Loans
  • VA (Veterans Administration) zero downpayment
  • FHA (Federal Housing Administration) 3.5% downpayment
DC Mortgage Assistance Loans

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
There are many specialized mortgage loan programs and the offerings change over time. The best way to find a mortgage loan program that fits your specific needs is to consult a mortgage lending expert. Here are the mortgage professionals in the DC Metro Area who have provided our clients with great service and products in 2018. 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 FarasySWBC
  • First Time Buyers
  • Jumbo Loans
  • Certified Pre-Approvals
  • 3 Week Close
Branch Manager
NMLS ID# 728159
SWBC Mortgage Corporation 11150 Sunset Hills Road Ste.308 Reston VA 20190
Phone: (443) 574-2400 Mobile: (240) 277-4422Fax: (443) 574-2401
www.swbcmortgage.com/Brian-Farasy
Alex JaffeFirst Home
  • First Time Buyers
  • New Construction
Branch Sales Manager
Senior Loan oFficer
8401 Connecticut Ave Ste 1100 Chevy Chase MD 20815
Office: 240-479-7658 | Cell: 301-928-8030
ajaffe@firsthome.com
Gregg Busch | Jackie Graham
First Savings
  • Very Fast closes
  • New construction
  • Complex Loans
NMLS ID 221278
703-919-5230 Mobile
703-827-4620jgraham@firstsavings.com8444 Westpark Drive 4th Floor McLean, VA 22102
Michelle M Davis Prosperity Mortgage
  • New Construction
  • First Time Buyers
Senior Loan Officer
NMLSR ID 192538
Phone 301-807-2005
Michelle.Davis@phmloans.com
Kari Sansom Elwood
Sandy Spring Bank
  • Construction/Renovation loans
  • Bridge Loans
  • Physicians loans
  • Jumbo loans
Mortgage Banker
NMLS #415708
647 New York Avenue, N.W. DC 20001
Mobile Phone 301.767.6354

Expertise is one call away.

The Isaacs Team LLC

Realtors

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