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The VA loan is often the best possible loan because it offers lower costs than conventional financing.  And  regardless of down payment, there is no monthly mortgage insurance.  There are no lender fees on VA loans and realtors are disallowed from charging fees as well. Unless you are exempt, the VA does charge an upfront…

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 not have mortgage insurance.  These programs are for both repeat and first time home buyers,…

Points, origination points, and discount points are synonymous. Points are an upfront closing cost and are a charge based on your loan amount.  One point refers to a charge of one percent of the loan amount.  On a $400,000 loan amount one point is $4,000. Rates and points are connected to each other. The greater…

It can be difficult to time the sale and the purchase of your next home perfectly.   While it’s ideal to sell and buy on the same day, sometimes you won’t be able to sell your property before closing on your new home.  If you have significant equity in your home and need that equity…