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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!…

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…

Zillow compiled an incredible amount of data from every zip code in the United States to calculate how long you should plan to stay in your home so that owning makes more financial sense than renting.  Here is their data for Washington, DC.  Zillow’s calculations are typically based on 20% down financing using a 30…

Zero down payment purchase financing in Washington DC that most people qualify for.  And it’s easy!  New income cap for 2017: $132,360 (based on borrower income, not household income).  Maximum loan amount for 2018 is $679,650 for 3% down financing or $453,100 for 0% down financing. Watch the video for more information! The DC Open…