Blog

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…

We’re able to help you finance your co-op in DC, MD or VA! Co-ops are a great option for home ownership in the DC metropolitan area that is very similar to buying a condo. Down payments can be as low as 3%-5%. There’s a maximum loan amount of $1,209,750. The loan products offered are similar…

When making an offer, you will present to the seller an earnest money deposit (EMD).  This deposit will ultimately go towards your cash to close, which is made up of your down payment and closing costs.  We will be documenting as part of your loan application the EMD clearing your bank account. This deposit says…