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Thanks to the new loan program that we offer through the DC housing finance agency (DCHFA), home buyers in Washington DC do not need their own funds for a down payment!   The program will provide the needed funds for the down payment, and provided you live in the property for five years, you don’t have…

Please review me on Yelp!  I would love it if you’d share your experience with others.   http://www.yelp.com/biz/first-home-mortgage-chevy-chase-md-chevy-chase

In December, 2012, DC updated its first time buyer benefits.  I’m referring specifically to the DC Tax abatement, which allows for:   1. The buyer does not pay for the recordation tax, which is 1.1% of the sales price.  Also, instead of the seller paying the transfer tax (also 1.1%), that transfer tax is credited…

In the state of Maryland, as a first time property owner, you are eligible to avoid the state transfer tax which is .25% of the sales price. Other than that, there are down payment assistance programs both with the state and with Montgomery County. For a one to two person household buying anywhere in the…

You may be eligible for a first time buyer credit of $5000. Here is the IRS tax form: http://www.irs.gov/pub/irs-pdf/f8859.pdf DC’s page on the subject: http://otr.cfo.dc.gov/otr/cwp/view,a,1330,q,594156.asp The issue is that they haven’t yet extended the credit for 2012 yet. See the IRS form for income restrictions, if you are buying as an individual, the income max…