DC4ME

How is DC4ME paid back?

Deferred loan: 0% second loan with no monthly payments; the agency pages do not say when it is due.

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?

• Only for current full-time District of Columbia Government employees, including eligible instrumentalities, independent agencies and public charter schools.
• Household income up to 170% of area median income, at most $275,400.
• Only for first-time buyers (usually no home owned in the past three years).
• A credit score of 640 or higher.
• A homebuyer education course before you buy.
• It comes with the DC4ME reduced-rate first trust mortgage from 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

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, 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 VA Loan Product: up to 3% of the home loan, deferred loan.

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