I had to show you this Kingman Park house that ALMOST qualifies for DC Open Doors. This is huge because much of what is in the price range for the program are condos, rather than single family homes.
To recap, if you qualify for the DC Open Doors program, DC will loan you money for your downpayment. This is a great program because it allows first time homebuyers to buy a home with far less cash needed upfront. However, one of the requirements for the program is that the mortgage cannot exceed $510,400.
Even though this house is more that $510,400, you can still pursue the DC Open Doors program. After subtracting the required 3% downpayment, you would need to get a mortgage for $513,130. That is SO close to the $510,400 limit. This means you have to get a second loan for the remaining $2,730.
Someone scoop up this Kingman Park gem!
Lovely 2-level renovated home. Hardwood floors, recessed lighting and a slew of updates. The kitchen provides ample counter space on new countertops, and stainless-steel appliances. A new HVAC system along with new water heater makes for worry-free living. 15 minute walk to Stadium-Armory Station and a short drive to Baltimore-Washington Parkway (295)
https://www.redfin.com/DC/Washington/2028-E-St-NE-20002/home/10113351
