Blog

We offer community reinvestment act (CRA) loan programs in DC, Maryland, Virginia which can offer improved loan terms to eligible buyers.  An eligible home buyer could make just a 3%+ down payment on a conventional 30 year fixed loan and potentially not have mortgage insurance.  These programs are for both repeat and first time home…

Montgomery County HOC opened 8/1/25 a fund of $2 Million to provide down payment assistance for eligible home purchasers in Montgomery County.  The amount of assistance is up to $25,000 to be utilized for down payment or closing costs.  To learn more about eligibility for the HOC program including income limits and credit score criteria…

Cash to close refers to a combination of the down payment plus closing costs.  The combination of the two makes up the cash to close, and the earnest money deposit is applied to the cash to close.  

Today we introduced the First Home Advantage loan product, which improves pricing of loans for eligible buyers, mostly for but not just limited to first time buyers. Fannie Mae and Freddie Mac, entities of the federal government, removed loan level pricing adjustments (LLPAs) on all Home Ready loans and also on loans where at least…