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First-Time Homebuyer Programs

If you are looking to make your first real estate purchase in DC, there are several first-time buyer programs to consider.

Reduced Recordation Tax

  • Reduces the Recordation Tax for a “first-time District homebuyer” purchasing an “eligible property.”

  • Current tax rates:

    • Purchase Price under $400K = 1.1%

    • Purchase Price $400k and above =1.45%

  • The Reduced Recordation program reduces those rates by half. So, if you quality, the rates would be:

    • Purchase Price under $400K = .55%

    • Purchase Price of $400K and above = .725%

  • Read more about the program and see if you qualify here.

DC Opens Doors

  • Offers to qualified buyers home purchase loans and down payment assistance.

  • Qualified first-time and repeat buyers are eligible for the program

  • Program has a requirement of a minimum credit score and an income limit.

  • To be connected to a lender to learn more, click here.

Tax Abatement Program

Abates your real property taxes for the first five (5) years you are in your home, depending on when you apply.

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To qualify, your income must fall under the household income limits against all person(s) in the household. The purchase price of the property shall not exceed $484,000.00.

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Learn more about the program and see if you qualify here.

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HPAP

  • Program gives eligible first-time home buyers up to $84,000 in combined down payment and closing cost assistance.

  • These funds are provided as a no-interest loan, with no payments required for the first five years.

  • NOTE: Immediate repayment of the remaining balance is required if the borrower sells or moves out and rents the property.

  • Learn more here.

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1025 Thomas Jefferson St NW Suite W3300

Washington, DC 20007

(202) 387-6180

Sherri Anne Green

Global Luxury Ambassador, Certified Luxury Property Specialist and Advisor

Certified Pricing Strategy Advisor &

Seniors Real Estate Specialist

Cell: (202) 798-1288

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