Blog
Improving HPAP
Today I was given an opportunity to meet with DC Government and share insight on HPAP. DC homeownership (and housing) is unaffordable to many, and HPAP can fix that for some. And the tens of thousands of homeowners since 1980 who’ve been through the program successfully are a testament to that (including 480 of them…
Read MoreFHOP
The Family Homeownership Program (FHOP) offers 100% financing without mortgage insurance for eligible buyers (no down payment required). Eligibility for the program is based on either a) meeting household income caps or b) buying in an area where there is no household income cap. Although being a first time home buyer is not a requirement…
Read MoreSolicitations
Both your home purchase as well as the mortgage on your property are recorded in public record after you purchase. Therefore, after you purchase you’re highly likely to receive some solicitations by mail. It’s also common for these solicitations to show the name of your lender on the envelope or letter or both, as a…
Read MoreDream
Dream is available to home buyers who meet the underwriting requirements of either Home Ready or Home Possible. The $3,000 is a grant from First Home Mortgage. The mortgage the grant is paired with must also be obtained, and the mortgage and grant together are the Dream program. To qualify for Dream, income needs to…
Read MoreOptOut
There are 3 credit bureaus: Equifax, Transunion and Experian. The credit bureaus are businesses, and one line of business they are in, is in selling leads to creditors. For instance, competing mortgage lenders can pay the bureaus to be informed when someone pre-qualifies for a mortgage loan. The home buyer might then be contacted by…
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