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If you’re seeking to buy a condo and looking to put a minimal amount down, then you may be looking to get an FHA loan. FHA has been more strict on whether they’ll lend in a condominium project in the last several years.  But yesterday they eased up on one restriction. Now, FHA is willing…

Thanks to Fannie Mae changes Saturday, we no longer require 10% down on loan amounts of $417,001 to $625,500; now primary residence purchasers only need to put down 5%! Also, all of the down payment can come from family gifts, even when the buyer is purchasing with a co-signer. Conforming financing is now easier and…

The new TRID requirements have lead to a big change in the industry with regard to how we approve and close loans.  However, TRID has also been an opportunity to deliver even better customer service, which was the intent of the new law. Our adjustment has been smooth.  We have had 14 new applications since October…

Mortgage Insurance covers the risk a lender takes on, in a case a borrower defaults on their loan.  On a conventional loan, a home buyer pays private mortgage insurance (PMI). There are six mortgage insurance companies nationally and they set pricing for MI based upon risk, and the most important factors are credit score and…

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…