Blog

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…

Per a news release today from the Federal Housing Finance Administration, the FHFA will delay the guarantee fee increase that was scheduled to take effect this Winter.  This would have resulted in an across-the-board .25% increase for every conforming loan.   New director, Mel Watts, wants to reconsider the effect on the consumer.  Good news…

Listing agents may be wary of accepting contracts from self-employed borrowers for a few reasons, so I thought I’d share these challenges and how we overcome them. Problem: Many loan officers simply don’t know how to calculate self-employed income The number one reason why self-employed borrowers get a bad reputation for approvability is that many…