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Amazon HQ2 comes to Crystal City DC area…now what?

Crystal City, VA is home to Amazon’s 2nd headquarters (HQ2).  If you’re considering a job opportunity to work here, acquiring a mortgage to finance a home nearby may be simpler than you think.  Learn more about mortgage options and ways to commute!

Closing on a home prior to starting your job:

If you have a non-contingent offer letter, many loan programs will allow you to settle on your purchase up to 60-90 days in advance of your first day at work.

If your employment offer includes contingencies such as a clearance or background check, then you’ll either need to clear these contingencies in advance of your loan settlement, or start work.

No/low money down payment assistance:

In Virginia there is the VHDA loan program, which provides grants, loans, and tax credits to help ease the transition to homeownership.  Learn more: https://alexjaffe.com/vhda and https://alexjaffe.com/mcc.  The MCC is available in VA, DC, & MD.

There are other similar loan programs in MD and in DC

There is also a 100% FHA financing loan program with no income limit that is available in the entire region and finances loan amounts up to $679,650.   Learn more: https://alexjaffe.com/Chenoa

Other important information to know: Understand closing costs, ways to avoid monthly mortgage insurance, and using gift funds to help with your down payment.

Commuting:

Metro: Crystal City is on both the yellow and blue metro rail lines.

Rail: There is a Virginia Railway Express (VRE) station in Crystal City, which carries commuters from the south and west.

Pre-Qualify Now: https://ajaffe.firsthome.com/startapp

ajaffe@firsthome.com 240 – 479 – 7658