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I am thrilled to share that for the second year in a row, I provided the most DC Open Doors loans to home buyers in Washington DC.  More info on DC Open Doors is found here.   0% down financing for Washington DC buyers thanks to a 3-3.5% down payment assistance loan which is forgiven after…

I am pleased to share that we have expanded our guidelines on condominium approvals for conforming loans.  Until now, buyers using Fannie Mae financing were required to put down 20% if they were attempting to purchase a condo with high delinquencies. Now, using Freddie Mac financing, we can perform a limited review with as little as…

Great news! HUD just announced that the mortgage insurance rates on FHA loans will be reduced with new registrations of 1/26/15 or later. The new mortgage insurance rate will be .85% for loans with less than five percent down, or .8% for loans with five percent down or more. On a $400,000 loan this is a savings of $166/mo!…

DC Tax abatement is an incredible program, which allows for: 1. The buyer does not pay for the recordation tax, which is .725%-1.45% of the sales price. Also, instead of the seller paying the transfer tax (1.1%-1.45%), that transfer tax is credited to the buyer. The net change is a reduction in cost to the…

I’m pleased to share that we now offer conventional renovation loans, called the homestyle program.  The use of this program is for a purchaser who would like to finance the purchase of a property and also receive financing for renovations and repairs.  Previously, there was only the FHA 203k loan which is sometimes a more…