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Home Insurance
Home insurance on your new home is required to approve financing for your home. Home insurance is also often referred to as homeowner’s insurance or hazard insurance, and these terms are interchangeable. You’ll need to choose an insurance provider and agree to the coverage, deductibles, and cost for them to finalize the policy. You…
Read MoreFederal Home Loan Bank
As of 3/19/25 FHLB is suspended due to exhausting funds. It is possible there’ll be more funds later this year but that is unknown. The Federal Home Loan Bank (FHLB) program provides a $15,000-$20,000 grant or forgivable loan to be used towards down payment and closing costs. There are three programs: The Workforce Housing…
Read MoreFHA100
FHA 100 is a new loan program featuring a down payment assistance loan of 3.5% or 5% of the purchase price. This down payment assistance loan is used to cover the minimum 3.5% down payment on an FHA loan. This loan product is available throughout DC, MD, VA and NC. This loan program involves two…
Read MoreHow do we determine how much you qualify for?
You may already have a payment range you’ve determined that would work for you. But when people think about getting pre-approved for a maximum loan amount, we have our own system for determining what we think would work for you. When asking about a maximum amount you can borrow, what we really look at…
Read MoreCRA
We offer community reinvestment act (CRA) loan programs in DC, Maryland, Virginia which can offer improved loan terms to eligible buyers. An eligible home buyer could make just a 3%+ down payment on a conventional 30 year fixed loan and potentially not have mortgage insurance. These programs are for both repeat and first time home…
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