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Best Mortgage Rates in District of Columbia — April 2026

Compare current District of Columbia mortgage rates across loan types. The average home price in District of Columbia is $650,000 with a property tax rate of 0.56%. Find the best rate for your District of Columbia home purchase or refinance.

Avg Home Price
$650,000
Property Tax Rate
0.56%
Median Income
$101,722
Population
689K

Current District of Columbia Mortgage Rates

Updated April 2026. Rates shown are averages — your rate depends on credit score, down payment, loan amount, and lender.

Loan TypeRateAPRMonthly P&I*
30-Year Fixed6.83%6.95%$3,400
20-Year Fixed6.60%6.70%$3,907
15-Year Fixed6.13%6.21%$4,424
10-Year Fixed5.93%6.00%$5,754
FHA 30-Year6.43%6.58%$3,262
VA 30-Year6.23%6.33%$3,194

*Monthly payment based on $520,000 loan (20% down on $650,000 avg home price). Does not include taxes or insurance.

Estimated Monthly Payment in District of Columbia

Full PITI breakdown for a $650,000 home with 20% down at 6.83%:

Principal & Interest$3,400
Property Taxes$303
Homeowners Insurance$190
Total Monthly (PITI)$3,893

District of Columbia First-Time Homebuyer Programs

DC Open Doors Program

The DC Housing Finance Agency offers programs to help first-time buyers in District of Columbia achieve homeownership. Benefits typically include:

  • Below-market interest rates for qualifying borrowers
  • Down payment assistance (up to 3-5% of purchase price)
  • Closing cost assistance programs
  • Homebuyer education and counseling
  • Compatible with FHA, VA, USDA, and conventional loans

Income limits, purchase price limits, and credit score requirements apply. Contact the DC Housing Finance Agency directly for current program details.

Popular Cities for Homebuying in District of Columbia

🏠Washington D.C.

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District of Columbia Mortgage FAQs

What are current mortgage rates in District of Columbia?+
As of April 2026, average mortgage rates in District of Columbia are approximately 6.83% for a 30-year fixed, 6.13% for a 15-year fixed, and 6.43% for an FHA 30-year loan. Rates vary based on your credit score, down payment, loan amount, and lender. Use our mortgage calculator to estimate your specific payment.
How much house can I afford in District of Columbia?+
With the average home price of $650,000 in District of Columbia and a median household income of $101,722, affordability depends on your debt-to-income ratio, down payment, and current rates. A general rule is your monthly payment (including taxes and insurance) should not exceed 28-33% of gross income. At current rates, a $650,000 home with 20% down would cost approximately $3,893/month.
What is the property tax rate in District of Columbia?+
The effective property tax rate in District of Columbia averages 0.56%. On the average home price of $650,000, that's approximately $3,640 per year or $303/month. Property taxes are a significant part of your monthly housing cost and vary by county.
Are there first-time homebuyer programs in District of Columbia?+
Yes! District of Columbia offers the DC Open Doors Program through the DC Housing Finance Agency. This program typically provides below-market interest rates, down payment assistance, and closing cost help for qualifying first-time buyers. Income limits and property value caps apply. Contact the DC Housing Finance Agency for current program details and eligibility.
Should I get a 15-year or 30-year mortgage in District of Columbia?+
A 15-year mortgage in District of Columbia currently offers rates around 6.13% vs 6.83% for 30-year, saving you significantly on interest. On a $520,000 loan, the 30-year payment is $3,400/month while a 15-year is $4,424/month. Choose 15-year if you can afford the higher payment; choose 30-year for more cash flow flexibility.
What credit score do I need to buy a home in District of Columbia?+
In District of Columbia, conventional loans typically require a 620+ credit score, FHA loans require 580+ (or 500+ with 10% down), and VA loans have no official minimum but lenders usually want 620+. Higher credit scores get better rates — a score of 760+ qualifies for the best rates in District of Columbia, potentially saving thousands over the life of the loan. The DC Housing Finance Agency programs may have specific credit requirements.

District of Columbia Mortgage Tools

🏠Mortgage Calculator🔄Refinance Calculator🏡HELOC Calculator📖Mortgage Guide

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