Home Loans in Washington, D.C.
The Nation's Capital awaits. NorthStar Funding helps DC residents achieve homeownership in one of America's most dynamic markets. All credit scores welcome — even no score.
District of Columbia Housing Market
About the District of Columbia Real Estate Market
Washington, D.C. offers a unique housing market driven by federal employment, international organizations, and a thriving professional services sector. From historic Georgetown rowhouses to modern Navy Yard condos, the District provides diverse housing options. While prices are among the highest in the nation, DC's strong job market and cultural amenities continue to attract buyers. The DC Open Doors program provides significant assistance for first-time buyers. NorthStar Funding understands DC's competitive market and unique property types.
Loan Programs Available in District of Columbia
We offer a variety of mortgage options to fit your unique situation. All programs welcome borrowers with less-than-perfect credit.
DC Open Doors
District program offering down payment and closing cost assistance up to $202,000 for qualified DC buyers.
FHA Loans
Government-backed loans popular in DC with flexible credit requirements for condos and rowhouses.
VA Loans
Zero down payment for DC-area veterans and federal employees with military service.
Non-QM / Bank Statement
Perfect for DC consultants, contractors, and self-employed professionals.
Check Your Eligibility
See if you qualify for special loan programs with lower down payments and flexible income requirements.
Income Eligibility Checker
HomeReady® & Home Possible® - 3% Down Payment Programs
HomeReady®by Fannie MaeIncome must be ≤80% of Area Median Income (AMI). No geographic restrictions.
Home Possible®by Freddie MacIncome must be ≤80% AMI. Some census tracts have no income limit.
Quick Comparison:
| Feature | HomeReady® | Home Possible® |
|---|---|---|
| Min. Down Payment | 3% | 3% |
| Min. Credit Score | 620 | 620 |
| Income Limit | ≤80% AMI | ≤80% AMI* |
| Homebuyer Education | Required | Required |
*No income limit in designated underserved areas
Why Choose NorthStar Funding in District of Columbia?
What District of Columbia Homeowners Say
"NorthStar helped us buy our first rowhouse in Petworth. They navigated DC's competitive market and got us closed in 25 days."
The Washington Family
"As a federal contractor, NorthStar understood my income structure perfectly. Bought my condo in Navy Yard with no issues."
Marcus J.
"DC Open Doors assistance made homeownership possible in Columbia Heights. NorthStar guided us through the entire process."
Jennifer & David L.
"Bought our dream Georgetown townhouse with NorthStar. They handled the jumbo loan process flawlessly."
The Chen Family
Frequently Asked Questions
What credit score do I need to buy a home in Washington D.C.?
NorthStar Funding welcomes all credit scores in D.C., starting as low as 500 with FHA loans (10% down). For scores 580+, you may qualify for just 3.5% down. Manual underwriting is also available.
What are the best mortgage programs available in D.C.?
In D.C., we offer FHA loans, VA loans (popular with military and government workers), conventional loans, jumbo loans for high-value properties, and bank statement loans. DCHFA programs provide additional assistance.
How much is the average home price in Washington D.C.?
The median home price in D.C. is approximately $625K. Prices vary by neighborhood — Georgetown and Capitol Hill are premium, while areas east of the Anacostia River offer more affordable options.
Are there first-time homebuyer programs in D.C.?
Yes! DCHFA offers the Home Purchase Assistance Program (HPAP) with up to $202,000 in assistance for very low-income buyers and $80,000 for low-income buyers. The DC Open Doors program offers down payment assistance up to 3.5%.
What are property taxes like in D.C.?
D.C. property taxes are approximately 0.85% of assessed value, with a homestead deduction of $85,920 for owner-occupied properties. This makes the effective rate quite competitive.
Can I get a VA loan in Washington D.C.?
Absolutely! VA loans are very popular in D.C. given the large military and government workforce. VA loans offer 0% down payment, no PMI, and competitive rates for eligible veterans and active-duty service members.
How long does it take to close on a home in D.C.?
The typical closing timeline in D.C. is 30-45 days. The D.C. market can be very competitive, so having a pre-qualification letter from NorthStar gives you an edge.
Does NorthStar Funding offer manual underwriting in D.C.?
Yes! We specialize in manual underwriting for D.C. borrowers. This is especially helpful for government contractors, consultants, and others with non-traditional income documentation.
What documents do I need to apply for a mortgage in D.C.?
Typical documents include 2 years of tax returns, recent pay stubs, bank statements, W-2s or 1099s, and ID. Government employees may also provide their SF-50 for income verification.
Can self-employed borrowers get a mortgage in D.C.?
Absolutely! Our bank statement programs are popular with D.C. consultants, lobbyists, and independent contractors who may not show full income on tax returns.
NorthStar Funding Licensing Information
NMLS #: 123456
Licensed in: DC-MLO
Years in Business: 15+
Total Loans Originated: $2B+
Ready to Get Started?
See your options in minutes with no impact to your credit score. Our team is ready to help you find the right loan for your District of Columbia home.