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Greenbelt Home Advantage
UPDATE: This program has exhausted funds and it’s unknown whether it’ll be funded again. Greenbelt Home Advantage is an enhancement of the Maryland Mortgage Program (MMP), for eligible purchasers. Learn more about MMP here: https://alexjaffe.com/md-down-payment-assistance This program offers a grant of $15,000 to home buyers purchasing within Greenbelt (zip code 20770). However to be…
Read MorePITI
The acronym PITI refers to principal, interest, tax and insurance. These are the components of the monthly mortgage payment you’ll be making. If you purchase a property that is a part of a homeowners association, co-op, or condo, we might use the acronym PITIA where “A” refers to the association payment additionally that is due…
Read MoreRental income
We’re able to consider rental income in qualifying on a loan application, subject to these underwriting rules that are within written lending guidelines. There are three different categories of rental income: Rental income from investment properties currently owned. Projected rental income from the property being purchased Rental income that’ll be in place for the applicant’s…
Read MoreHeroes
We’re proud to launch First Home Heroes, to recognize the heroes in our community. First Home Mortgage is now crediting back / covering lender fees for first responders, teachers, and medical professionals. This leads to a savings in closing costs of up to $1,935 and it’s our way of saying “thank you” to the…
Read MoreHousing Solstice
I’m Alex Jaffe, I work for First Home Mortgage, and we finance homes here in DC, MD and VA. I’m going to explain how financial conditions are impacting the housing market, why in 2022 so many Americans lost interest in purchasing a home which was a reversal from last year, and why we all have…
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