DC4ME VA Loan Product

How is DC4ME VA Loan Product paid back?

Deferred loan: 0% second loan with no monthly payments.

A deferred loan costs nothing each month, but the whole amount is due when you sell, refinance or pay off the first mortgage.

Who qualifies for DC4ME VA Loan Product?

• Only for veterans, active-duty service members, certain Reservists and National Guard members, and surviving spouses.
• No income limit, but you must meet the VA's rule on money left each month after bills (residual income).
• You don't have to be a first-time buyer.
• A credit score of 640 or higher.
• It comes with a VA mortgage from the DC Housing Finance Agency (DCHFA).

Most limits follow your county and household size. Our HUD income limits lookup shows your area's median income and where your household sits.

How to apply for DC4ME VA Loan Product

1. DC Housing Finance Agency pays this help out through its approved lenders, so you apply with one of them, together with your home loan.
2. The lender checks your income, credit and the home against the program's rules and reserves the money for you.
3. The help is paid at closing, toward your down payment and closing costs.

Read the full rules and whether it is taking applications on DC Housing Finance Agency's page for DC4ME VA Loan Product, or pick a lender from the agency's list of participating lenders.

Other first-time buyer programs in District of Columbia

• DC Open Doors Down Payment Assistance Loan (DPAL): up to 3.5%, deferred loan.
• District of Columbia Home Purchase Assistance Program (HPAP): up to $202,000, deferred loan.
• DC4ME: up to 3%, deferred loan.

All District of Columbia first-time home buyer programs · Down payment assistance in every state