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    Enjoy relaxing in Washington, DC real estate and homes

    Financing Options and Homebuyer Programs

    Financing Options

    Conventional- minimum down payment for 1st time homebuyers 3%, repeat buyers 5%

    • Up to 97% Loan to Value
    • $636,150 Conforming Loan Amount*
    • High Balance/Super Conforming up to $5,000,000
    • PMI (Private Mortgage Insurance) required for loans with less than 20% down payment
    • Fixed Rate and ARM options available
    • Interest rate, loan program and down payment options are driven by credit scores and other compensating factors

    FHA- minimum down payment 3.5% of sales price

    • 620 Minimum credit score
    • $636,150 max loan amount
    • Fixed rate and ARM options available
    • Mortgage insurance premium 1.75% upfront *can be financed

    FHA/203K- minimum down payment 3.5% of sales price + repair cost

    • 640 Minimum credit score
    • $636,150 max loan amount
    • Fixed rate and ARM options available
    • Mortgage insurance premium 1.75% upfront *can be financed

    USDA- 100% financing for sales price for properties located in eligible areas

    • 640 Minimum credit score
    • Guarantee fee 1.0% upfront *can be financed

    Homebuyer Programs

    Federal Home Loan Bank of Atlanta Grant

    • Maximum subsidy is $5,000 -$7,500 for Community Partners (i.e. law enforcement officers, educators, health care workers, and firefighters)
    • Funding is provided as a 4 to 1 match
    • Homebuyer must contribute at least $1,000
    • Income requirements based on area
    • Purchase must be primary residence
    • First- time homebuyers and non-first-time homebuyers are eligible

    Maryland Mortgage Program/CDA

    • 640 Minimum credit score
    • FHA and Conventional Programs
    • Down Payment Assistance and Partner Match Programs
    • Income and Sales price restrictions, visit mmp.maryland.gov
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    6710 Oxon Hill Road, Suite 460
    National Harbor, MD  20745
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