Dist. of Columbia FHA loans are home loans insured by the FHA (Federal Housing Administration) which give Dist. of Columbia borrowers the opportunity to secure DC home loans, when they don't quality for other conventional loans. For example, future Dist. of Columbia homeowners with little credit history or poor credit history are sometimes able to qualify for Dist. of Columbia FHA loans.

Dist. of Columbia FHA Loans for First Time Homeowners

DC FHA loans are ideal for first-time Dist. of Columbia homeowners due to low down-payment requirements and flexible qualifying guidelines.

Refinancing with FHA Loans in Dist. of Columbia

FHA also offers a refinancing option for Dist. of Columbia homeowners where it's possible to refinance up to 97.5% of your home’s value. Additionally, there’s also an option for FHA cash-out refinance of up to 85%.

FHA Loan Requirements - Dist. of Columbia

  1. No income limit
  2. Dist. of Columbia borrower credit score flexibility
  3. 3.5% down payment on Dist. of Columbia Purchase Loans
  4. Bankruptcy: DC FHA loans can be obtained as soon as 2 years after Chapter 7 discharge (assuming good credit history since)
  5. Foreclosures: An FHA loan can be obtained as early as 3 years after the final date of foreclosure (assuming good credit history since)

Dist. of Columbia (DC) FHA Loan Limits

FHA loan limits in Dist. of Columbia vary based on a number of criteria including the specific. location (county), number of units in the property (up to 4-unit properties in Dist. of Columbia), etc. Please contact Home Point Financial's Dist. of Columbia FHA loan experts for details on loan limits for FHA loans in Dist. of Columbia (DC).

Contact Home Point Financial to learn more about FHA loans in Dist. of Columbia.