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David Burnham's Blog

By David Burnham | Agent in Washington, DC

Great Rates for DC first time buyer!

DC Housing Finance Agency Announces

A New Rock Bottom Interest Rate of 3.99%


The DC Housing Finance Agency Bond Program has just announced a new rock bottom interest rate of 3.99% for FHA 30 year fixed rate loans.  This program can be used for first time homebuyers and repeat buyers purchasing in the District. Even better news, the DC Bond Program works perfectly with the Home Purchase Assistance Program (funded by the DC Department of Housing and Community Development and administered by GWUL).  First time homebuyers can use HPAP homebuyer assistance of up to $44,000 along with the DC Bond first trust mortgage program.  All DC Bond participating lenders -  Bank of America, First Home Mortgage, Monarch Mortgage, Corridor Mortgage, Capital One, BB&T, Industrial Bank and Real Estate Mortgage Network - participate in the HPAP Program.  To learn more about the DC Bond Program visit, www.dchfa.org.  To learn more about DC Homebuyer Assistance Programs visit www.gwul.org.

 

With lots of available homes and low interest rates, this is a great time to become a first time homebuyer in the District!

Information is courtesy of The Greater Washington Urban League

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