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There are five primary categories of closing costs: Lender fees Title Attorney costs, including title insurance Transfer taxes to local government Real Estate Agent Commission/Fee Upfront deposits for escrows and prepaids In addition to the main categories, there are going to be miscellaneous costs which vary by transaction.  For instance if you are buying a…

This program is eligible for loans closing up until 6/20/25 and thereafter it will be closed.   Our Community grant is paired with a conventional 30-year fixed mortgage, and is a $3,000-$5,000 grant depending on eligibility and income.  It’s available in MD, DC and VA. This grant may be used towards a down payment or…

There are two really great loan programs offered by Fannie Mae (Home Ready) and Freddie Mac (Home Possible) that combine low down payment loans with superior mortgage terms. These products even have better terms in many cases than standard conventional financing at a variety of down payment amounts. Program Highlights: 3% Down minimum for loan amounts up to…

I am not a tax advisor – but I often get questions about the tax advantages of home ownership.  The below deductions assume you choose to itemize your deductions instead of taking the standard deduction.  Here are the benefits: Deduct interest: When filing your income taxes, you may deduct the interest you pay on your…