Yes, Virginia, there is down payment assistance
Let’s be honest – the average person in the Washington, D.C. area has not been living under a rock, knows how to Google whatever they are looking for, and probably has plenty of connections in their graduate program, place of employment, or at their family holiday dinner who can help them figure out how to purchase a home.
But there were lessons learned as I was working in real estate, that, otherwise, I wouldn’t have even known to ask about. In other words, “How do you know what you don’t even know?” For example: Some lenders can help you find ways to pay off certain amounts of student loan debt before going to settlement.
Depends on the jurisdiction you plan to buy in. Some down payment assistance loans are available in almost every state. Certain cities and counties have their own versions of this assistance.
Some of these programs can be stacked up. In D.C., and in many other places, you are required to get a home inspection if you are receiving money from the government to buy a home.
