Current Washington, D.C. Mortgage & Refinance Rates Bankrate.com Caret RightMain Menu Mortgage Mortgages Financing a home purchase Refinancing your existing loan Finding the right lender Additional Resources Elevate your Bankrate experience Get insider access to our best financial tools and content Caret RightMain Menu Bank Banking Compare Accounts Use calculators Get advice Bank reviews Elevate your Bankrate experience Get insider access to our best financial tools and content Caret RightMain Menu Credit Card Credit cards Compare by category Compare by credit needed Compare by issuer Get advice Looking for the perfect credit card? Narrow your search with CardMatch Caret RightMain Menu Loan Loans Personal Loans Student Loans Auto Loans Loan calculators Elevate your Bankrate experience Get insider access to our best financial tools and content Caret RightMain Menu Invest Investing Best of Brokerages and robo-advisors Learn the basics Additional resources Elevate your Bankrate experience Get insider access to our best financial tools and content Caret RightMain Menu Home Equity Home equity Get the best rates Lender reviews Use calculators Knowledge base Elevate your Bankrate experience Get insider access to our best financial tools and content Caret RightMain Menu Loan Home Improvement Real estate Selling a home Buying a home Finding the right agent Additional resources Elevate your Bankrate experience Get insider access to our best financial tools and content Caret RightMain Menu Insurance Insurance Car insurance Homeowners insurance Other insurance Company reviews Elevate your Bankrate experience Get insider access to our best financial tools and content Caret RightMain Menu Retirement Retirement Retirement plans & accounts Learn the basics Retirement calculators Additional resources Elevate your Bankrate experience Get insider access to our best financial tools and content
Washington DC Mortgage and Refinance Rates
Advertiser Disclosure Advertiser Disclosure
The listings that appear on this page are from companies from which this website receives compensation, which may impact how, where and in what order products appear. This table does not include all companies or all available products. Bankrate does not endorse or recommend any companies. Dhara Singh is a former mortgage reporter for Bankrate. As of Sunday, November 13, 2022, current rates in Washington, DC are 6.96% for a 30-year fixed and 6.23% for a 15-year fixed. Bankrate has offers for Washington, DC mortgage and refinances from top partners that are well below the national average. Compare, apply, and start saving today. At Bankrate we strive to help you make smarter financial decisions. While we adhere to strict , this post may contain references to products from our partners. Here's an explanation for . ON THIS PAGE Important information about our rate table The above mortgage loan information is provided to, or obtained by, Bankrate. Some lenders provide their mortgage loan terms to Bankrate for advertising purposes and Bankrate receives compensation from those advertisers (our "Advertisers"). Other lenders' terms are gathered by Bankrate through its own research of available mortgage loan terms and that information is displayed in our rate table for applicable criteria. In the above table, an Advertiser listing can be identified and distinguished from other listings because it includes a "Next" button that can be used to click-through to the Advertiser's own website or a phone number for the Advertiser. Each Advertiser is responsible for the accuracy and availability of its own advertised terms. Bankrate cannot guaranty the accuracy or availability of any loan term shown above. However, Bankrate attempts to verify the accuracy and availability of the advertised terms through its quality assurance process and requires Advertisers to agree to our Terms and Conditions and to adhere to our Quality Control Program. Advertisers may have different loan terms on their own website from those advertised through Bankrate.com. To receive the Bankrate.com rate, you must identify yourself to the Advertiser as a Bankrate.com customer. This will typically be done by phone so you should look for the Advertisers phone number when you click-through to their website. In addition, credit unions may require membership. If you are seeking a loan for more than $548,250, lenders in certain locations may be able to provide terms that are different from those shown in the table above. You should confirm your terms with the lender for your requested loan amount. The loan terms (APR and Payment examples) shown above do not include amounts for taxes or insurance premiums. Your monthly payment amount will be greater if taxes and insurance premiums are included. If you have used Bankrate.com and have not received the advertised loan terms or otherwise been dissatisfied with your experience with any Advertiser, we want to hear from you. Please to provide your comments to Bankrate Quality Control. Washington D C mortgage overview
The United States capital is home to more than 700,000 residents, with a median home sale price of $500,000 in the Washington, D.C. metro area as of May 2020, according to Bright MLS. D.C. has a low home vacancy rate, which means competition is high for homebuyers. To help individuals and families purchase homes, the D.C. Department of Housing and Community Development (DHCD) maintains DCHousingSearch.org, a free online housing locator service. Through its network of partner community-based organizations, DHCD offers training and counseling on foreclosure prevention, budgeting, credit and more to potential and current homeowners. The DC Housing Finance Agency (DCHFA) also offers resources to advance affordable housing. First-time homebuyer programs in Washington D C
In Washington, D.C., qualifying homebuyers may have access to a variety of programs to help them through the buying process. Home Purchase Assistance Program HPAP
The provides down payment and closing cost assistance in the form of interest-free loans to qualified applicants for the purchase of their primary residence. These may include single-family houses, condominiums or cooperative units. As of 2019, eligible first-time homebuyer applicants could receive as much as $80,000 in gap financing, plus $4,000 in closing cost assistance. Employer-Assisted Housing Program EAHP
Designed to help with the down payment and closing costs on their first single-family home, the offers eligible District government employees a deferred zero-percent interest loan and a matching funds grant. For this program, "first-time homebuyer" means that the individual has had no ownership in a principal residence within the District in the previous three years. The loan has zero interest, and no payments are required until the property is refinanced with cash out, sold or transferred. There is no cash required upfront, and no income limit. The maximum purchase price, however, is $726,525. Washington D C mortgage refinancing
If you're looking to refinance a home in Washington, D.C., look to private lenders, banks and mortgage brokers, since the DCHFA and DHCD do not offer any programs specifically for refinancing. It's important to note that you don't have to refinance with the same lender who holds your current mortgage, regardless of the lending institution. When you're ready to refinance, it's smart to identify your goals (such as a shorter term, or a lower monthly mortgage payment), do your research and and terms. Note that some of the first-time homebuyer assistance programs are void upon refinancing. Washington DC mortgage resources