District of Columbia mortgages and home buyers, 2025
Incomes, down payments, rates, loan costs, denials and lenders across District of Columbia's 1 county, from official HMDA records.
HMDA 2025 data released June 23, 2026
In 2025, lenders reported 4,713 home-purchase mortgages for owner-occupied, single-family homes in District of Columbia. The median buyer borrowed $565,000 on a home valued at $705,000 and reported a household income of $185,000.
Buyers financed a median 80% of the home's value (roughly 20% down), paid a median 6.50% on 30-year fixed conventional loans and faced median conventional loan costs of $7,170.
Lenders denied 7.4% of completed home-purchase applications.
Key facts
- Home buyers' median income ($185,000) is 59% higher than the U.S. median ($116,000).
- The median 30-year fixed conventional rate here was 13 basis points below the U.S. median (6.625%).
- Median conventional loan costs ($7,170) were 29% higher than the U.S. median ($5,570).
- FHA loans made up 6.3% of purchase mortgages, versus 21.1% nationally.
- 50.4% of buyers put at least 20% down (financed 80% or less), compared with 38.5% nationally.
- The most common age bracket among borrowers was 25–34 (38.0% of purchase loans).
- 55.8% of purchase mortgages had a single borrower with no co-applicant.
- The most-cited reason for denial was debt-to-income ratio (29.2% of denials with a stated reason).
The 2026 conforming limit is $1,249,125 for a one-unit home in every District of Columbia county. See every District of Columbia county's 2026 FHA and conforming loan limits.
District of Columbia counties compared
Click a column to sort. Medians shown with at least 30 loans.
| County | Purchase loans | Median loan | Buyer income | Down payment | 30-yr rate | Loan costs | Denial rate | FHA limit |
|---|---|---|---|---|---|---|---|---|
| District of Columbia | 4,713 | $565,000 | $185,000 | 20.0% | 6.500% | $7,170 | 7.4% | $1,249,125 |
Who bought homes in District of Columbia
Home-purchase mortgages for owner-occupied, single-family (1–4 unit) site-built homes, first liens, originated in 2025.
Values are medians; "middle half" is the 25th to 75th percentile.
Loan type
What the homes were for
All first-lien, closed-end purchase mortgages, including second homes and investors.
Borrower age
Debt-to-income ratio
Monthly debts (including the new payment) as a share of income, as used in underwriting.
What borrowing cost in District of Columbia
Medians for 2025 home-purchase loans. Total loan costs are section D of the Loan Estimate/Closing Disclosure (lender and third-party loan charges, excluding taxes, prepaids and escrow). FHA and VA costs include the upfront mortgage insurance premium or VA funding fee, so compare like with like.
| Measure | District of Columbia | U.S. |
|---|---|---|
| 30-year fixed rate · conventional | 6.500% | 6.625% |
| 30-year fixed rate · FHA | 6.375% | 6.250% |
| 30-year fixed rate · VA | 6.125% | 6.125% |
| 15-year fixed rate · conventional | 5.625% | 5.875% |
| Rate spread vs. APOR · conventional | −0.02 pts | +0.13 pts |
| Total loan costs · conventional | $7,170 | $5,570 |
| Total loan costs · FHA | $17,750 | $11,310 |
| Total loan costs · VA | $11,060 | $6,490 |
| Origination charges (all loan types) | $1,700 | $1,860 |
| Borrowers paying discount points | 41.3% | 51.3% |
| Points paid, when paid (% of loan) | 0.75% | 0.87% |
| Borrowers receiving lender credits | 32.9% | 33.1% |
| Adjustable-rate mortgages | 16.1% | 7.4% |
| Jumbo loans (above conforming limit) | 8.9% | 3.8% |
Medians are shown only when at least 30 loans report the field. Rates are those reported at closing; market rates changed during 2025, which the rate spread (APR minus the average prime offer rate on the lock date) adjusts for.
Approvals and denials
District of Columbia: 388 of 5,223 completed home-purchase applications were denied (7.4%).
Denial rate
| Application | District of Columbia | U.S. |
|---|---|---|
| Home purchase | 7.4% | 8.5% |
| Conventional | 6.6% | 7.1% |
| FHA | 17.8% | 12.5% |
| VA | 6.7% | 8.0% |
| USDA | — | 12.5% |
| Refinance | 16.2% | 17.9% |
| Cash-out refinance | 44.4% | 33.6% |
Main reason for purchase denials
First reason the lender reported.
Denial rate = denied ÷ (originated + approved but not accepted + denied). Withdrawn and incomplete applications are excluded. Differences between places reflect who applies, not only lender behavior.
Refinancing in District of Columbia
Top mortgage lenders in District of Columbia
| # | Lender | Loans | Share | Denial rate | 30-yr rate* | Spread* | Costs* |
|---|---|---|---|---|---|---|---|
| 1 | First Savings Mortgage Corporation | 427 | 7.1% | 1.1% | 6.500% | −0.00 | $7,540 |
| 2 | Rocket Mortgage, LLC | 302 | 5.0% | 11.8% | 6.500% | +0.12 | $5,970 |
| 3 | First Home Mortgage Corporation | 264 | 4.4% | 2.7% | 6.750% | +0.22 | $10,230 |
| 4 | Citibank, N.A. | 253 | 4.2% | 6.7% | 6.125% | −0.54 | $6,830 |
| 5 | JPMorgan Chase Bank, N.A. | 245 | 4.1% | 9.0% | 6.500% | −0.13 | $6,450 |
| 6 | Prosperity Home Mortgage, LLC | 192 | 3.2% | 2.3% | 6.625% | +0.10 | $7,530 |
| 7 | Rate | 158 | 2.6% | 3.2% | 6.575% | +0.08 | $7,320 |
| 8 | United Wholesale Mortgage (UWM) | 157 | 2.6% | 9.8% | 6.599% | +0.10 | $9,500 |
| 9 | Manufacturers and Traders Trust Company | 133 | 2.2% | 2.7% | 6.250% | −0.12 | $6,780 |
| 10 | Atlantic Coast Mortgage, LLC | 132 | 2.2% | 1.6% | 6.625% | +0.08 | $6,460 |
| 11 | Navy Federal Credit Union | 126 | 2.1% | 15.5% | 6.500% | −0.09 | $5,500 |
| 12 | Capital Bank, N.A. | 117 | 1.9% | 3.5% | 6.750% | +0.32 | $9,530 |
| 13 | Movement Mortgage, LLC | 116 | 1.9% | 1.9% | 6.375% | −0.12 | $6,600 |
| 14 | Vellum Mortgage, Inc. | 115 | 1.9% | 0.9% | 6.490% | +0.04 | $7,080 |
| 15 | Truist Bank | 112 | 1.9% | 5.9% | 6.250% | −0.24 | $7,760 |
| 16 | Bank of America, N.A. | 108 | 1.8% | 10.4% | 5.875% | −0.58 | $7,240 |
| 17 | Bank-Fund Staff Federal Credit Union | 108 | 1.8% | 4.1% | — | −0.09 | $5,690 |
| 18 | Fairway Independent Mortgage Corporation | 107 | 1.8% | 2.2% | 6.625% | +0.12 | $8,470 |
| 19 | Wells Fargo Bank, N.A. | 103 | 1.7% | 14.4% | 6.250% | −0.30 | $7,040 |
| 20 | CrossCountry Mortgage, Inc. | 93 | 1.5% | 11.1% | 6.740% | +0.10 | $8,120 |
| 21 | United Bank | 88 | 1.5% | 4.8% | — | +0.05 | $7,070 |
| 22 | Loansteady LLC | 85 | 1.4% | 6.5% | 6.490% | −0.07 | $6,110 |
| 23 | First Heritage Mortgage, LLC | 79 | 1.3% | 4.3% | 6.480% | −0.03 | $6,830 |
| 24 | Freedom Mortgage Corporation | 78 | 1.3% | 4.3% | — | — | — |
| 25 | Newrez LLC | 70 | 1.2% | 11.1% | — | — | — |
Largest lenders in District of Columbia by 2025 originations. Loans = home-purchase, refinance and cash-out originations (2025); share = share of those loans here; denial rate = home-purchase applications. *Medians for conventional home-purchase loans, shown with at least 20 loans; spread = APR minus the average prime offer rate at rate lock (percentage points); costs = total loan costs (section D).
Metro areas in District of Columbia
- Washington, DC-MD · 14,492 purchases
Source: FFIEC/CFPB HMDA 2025 public LAR; FHFA and HUD 2026 loan limits. Methodology