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Towns on Grove
As of 5/3/21, Towns on Grove is now sold out. Hi! Thank you for your interest in pre-qualifying to purchase workforce housing for the Towns on Grove. It’s a pleasure to be of assistance. This website serves as instructions for how to begin. All adults in the household should apply for the purchase. To learn…
Read More2021 Loan limits
Each year, the Federal Housing Finance Agency publishes loan limits. These loan limits impact financing on almost every loan program. 2021 loan limits are out! The 2021 conforming maximum limit is now $548,250 (minimum 3% down) The 2021 jumbo conforming maximum limit is now $822,375 (minimum 5% down) By increasing the loan limits from…
Read MoreStability
Almost 200,000 Americans, and over 900,000 humans have passed away this year from Covid-19. I’ve been through excruciatingly difficult conversations with friends who’ve lost parents and siblings. Two friends have had to close their businesses permanently. My brother was supposed to get married on Saturday; but he and his fiancé have tearfully postponed their wedding…
Read MoreVolatility
In the first week of March, mortgage rates hit historic lows. For a brief moment in time, 30 year rates reached the low to mid 3s and 15 year rates hit the high 2s to low 3s. Our company, First Home Mortgage which is the largest lender in MD and 4th largest lender in DC, was overwhelmed by…
Read MoreSpringboard
April 2020 update: this program is currently suspended. See other programs which are currently available at https://alexjaffe.com/dpa We just released the Springboard down payment assistance program, which is available for home buyers in Maryland & Virginia! This is a conventional loan program without mortgage insurance which comes with a repayable down payment assistance loan of 4%…
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