DC Open Doors FY 2020 Highlights Funded 245 mortgage loans in an amount of $84.5M along with $1.9M in down payment assistance loans for a total of $86.4M in financing.
• • • • • • •
Number of Total Closed Loans: 245* Average Purchase Price: $379,640 Average 1st Trust Loan Amount: $346,023 Average Down Payment Assistance Loan Amount: $12,104 Average Age of Prospective Homebuyer: 33 Average Number in Household: 1 Average Borrower Income: $83,149
Ward 1
Ward 2
Ward 3
Ward 4
22
8
8
22
DCOD Loans By Ward
Ward 5
40
Ward 7
81
Ward 6
24
Ward 8
40
*Data includes four DC4ME loans DCHFA INNOVATES | DCHFA FY 2020 ANNUAL REPORT | 31