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DC4ME VA Loan Product

DC Housing Finance Agency offers DC4ME VA Loan Product to home buyers in the District of Columbia: as much as 3% of the home loan, as a deferred loan.

Amount
As much as 3% of the home loan
Help type
Loan repaid later
Only first-time buyers
No
Your credit rating
At least 640

This deferred loan is a 0% second loan and has no monthly payments.

You pay nothing each month on a deferred loan. But the full amount comes due when you sell or refinance the home, or when you pay off the first mortgage.

Who qualifies for DC4ME VA Loan Product?

  • It's open only to surviving spouses, veterans, active-duty service members and certain Reservists and National Guard members.
  • Your income isn't capped, but the VA's residual income rule applies: enough money must remain each month after bills.
  • Being a first-time buyer isn't required.
  • Your credit score needs to be at least 640.
  • A VA mortgage is part of it, and the DC Housing Finance Agency (DCHFA) provides that loan.

Your county and household size set most of the limits. See the local median income and how your household compares with our HUD income lookup.

How to apply for DC4ME VA Loan Product

  1. Approved lenders pay this help for the DC Housing Finance Agency. You apply through one of them alongside your mortgage.
  2. The lender checks the home, your credit and your income against the program's rules and sets the money aside for you.
  3. At closing, the money goes toward your closing costs and down payment.

DC Housing Finance Agency's page for DC4ME VA Loan Product has the full rules and application status. You can also choose a lender from the agency's participating lenders.

Ask a lender about DC4ME VA Loan Product

Tell us where you're buying and a lender that works with the District of Columbia's programs can tell you whether DC4ME VA Loan Product fits you, and what you could combine with it.

Call 866-602-7460

Prefer not to call? Send in your details and the lender will get in touch with you.

When you send this request, you agree that one mortgage lender who works with these programs may contact you by email, phone or text, including by automated means, about this request. Agreeing is not a condition of any purchase. We are an independent guide, not a lender or a government agency; only that one lender gets your details, and it may pay us for the introduction. See our about page and privacy notice.

Other District of Columbia programs for first-time buyers

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