1. Learn about this resource. 

Homebuyers who work for District Government can receive assistance when buying a home in the District. We—DC Government—offer lower interest rates on your mortgage and an optional loan of up to 3% of your home’s price to help with your down payment.

 

This program is called DC4ME and is offered by the DC Housing Finance Agency.

2. Check if you are eligible.

You are eligible if all of these statements are true:

  • You are currently a full-time employee of the District, a DC independent agency, or a DC public school. Check the list of eligible employers.

  • You have a minimum credit score of 640.

  • Your yearly gross income—your income before paying taxes—is at or below $151,200. This includes money from working, government assistance, child support, and any other sources for everyone in your household.

  • Your debt-to-income ratio is less than 50%. This means that your monthly debt payments (such as car payments, minimum due on credit card balances, and student loan payments) are less than half of your monthly income.

  • You’re buying a single-family home, condominium, or other property with up to one unit.

  • The home you’re buying has been appraised and is in normal condition.

  • You haven’t owned a home anywhere in the world in the last 3 years.

 

You do not need to be a current DC resident to apply.

get a lower interest rate and help making a down payment as a DC Government employee?

DO YOU WANT TO

3. Apply.


  1. Contact an approved lender that partners with DC4ME, or find out if your current lender will sign-up to participate.
  2. Your lender will verify that you qualify for the program. You may need to provide proof that you meet the eligibility requirements listed above.
In most instances, you’ll find a lender before you start house hunting, and they could qualify you for the program then. A lender that partners with the program must verify your eligibility and apply on your behalf at least five days before you close on a home.





4. Gather more information.

What happens after I apply?


  1. You make an offer on a property, and it’s accepted. That means you’re under contract on a home!
  2. Your lender gives you loan disclosures to sign.
  3. The lender reserves your interest rate in the program portal.
  4. If you’re also applying for assistance with your down payment, the lender submits your application for that, at least five days before closing.
  5. We review your loan application. This usually takes 2-3 days, but if you’re also applying for down payment assistance, it may take up to five days.
  6. The lender receives documents for you to sign.
  7. If you applied for down payment assistance, we will send our portion of your down payment to the title company.
  8. Two to three days before closing, you send any part of the down payment or closing costs not covered by the program to the title company.
  9. You go to the settlement and sign the deed to close on the home.
  10. You own your home!
If your application is denied, we will notify your lender. We will also let them know why your application was denied. If your circumstances change and you think you may be eligible in the future, you may reapply.




Are there any additional requirements I should know about?


If you just applied for a reduced mortgage rate, you’ll make mortgage payments like a typical mortgage. If you received a loan to help with your down payment, you don’t make monthly payments on that loan. You’ll need to repay it after 30 years, or if you move, rent or sell the home, or refinance—whichever happens first. When the time comes to repay your loan, you can request a payoff statement. If you’re selling or refinancing, you’ll repay us back at settlement, but if you’re renting out your home, or if 30 years have passed, you will send us a check.




Who should I contact if I have questions?


First, take a look at the frequently asked questions at the bottom of the page. If you still have questions, please reach out to our DC4ME team at (202) 777-1600, Monday-Friday from 9am to 5pm. Or, you can email the team at singlefamilyprograms@dchfa.org using the subject line “DC4ME Question.”




I still need help preparing to buy a home. What should I do?


You can find information about other resources that might help on our homebuying resources page.




Do all eligible applicants receive assistance?


Yes, all eligible applicants can receive assistance.




Frequently Asked Questions


What costs of buying a home aren’t covered by the program? You may need to pay part of the down payment to the title company when your offer is accepted to show you’re serious. The amount of this payment, called an earnest money deposit, varies. Your real estate agent can advise on what to put in your offer. Within a few weeks of your offer being accepted, you’ll have the option to pay for a home inspection to make sure the property is safe and functional. When you close on your home, you may also have to pay closing costs, including taxes, insurance, and other fees, that aren’t covered by the program. Can I use other assistance programs with DC4ME? Yes. You can use other programs to help with a home purchase at the same time as DC4ME. You can find information about other resources that might help on our homebuying resources page.





This resource is provided by:

 

Keywords: DC Government employee, homebuying assistance, homebuyer, lower interest rates, mortgage, down payment assistance, DC independent agency employee, DC public school employee, District employee, DC employee benefits

This page was last updated May 2021.