FREE Home buying Education Classes for first time home buyers in Northern Virginia!!!!!!!!
Stop dreaming of HomeOwnership!
Down Payment Assistance Program , VHDA Virginia Housing Development Authority
FREE HOME OWNERSHIP CLASS
Open to first time home buyers in Northern Virginia!!!!!!!! *and buyers that have not purchased in 3 years
Come learn about the buying process from beginning to end and get info on down-payment assistance programs. There will be a loan officer, a real estate agent, and a home inspector, on hand to give you valuable information and answer your questions on credit, loans, finance, and real estate contracts CHECK THE BLOG LINK FOR REGISTRATION AND NEXT CLASS LINKS
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If the answer is yes and you make under $123,395 you may
be able to qualify for Home Buying Down Payment assistance.
This is basically like finding FREE Money !!!!! DC Open Doors
Down Payment Assistance Program (DPAL) is your answer.
This program and funding is available to both first time home buyers and repeat home buyers. DCHFA defines, “First time home buyer’ means you have not owned your primary residence for the last 3 years. If you currently own your primary residence, you can still apply for $0 Down. Your current home must be sold and settled prior to closing on your $0 Down home.
According to DCHFA, "They know your biggest obstacle to a home purchase can be the required minimum down payment so DC Open Doors offers down payment assistance loans (DPAL) that bridge the financial gap between the purchase price of your home and your first trust mortgage loan. If you qualify, you can obtain a DPAL for the full amount of your required minimum down payment, substantially reducing your upfront out-of-pocket expense! See the two examples below."
Currently, DC Open Doors offers its DPAL at a 0% interest rate and it is non-amortizing so you are not required to make monthly payments on it. The loan is only repayable if you sell or refinance your home, or if you no longer occupy it as your primary residence.
Home Buyers Marketing II, Inc offers real estate brokerage Services in DC, MD and VA but is not affiliated with the DC Housing Finance Agency. This program requires a Home Ownership class
USDA and the Rural Housing Service (RHS) has available funds in its Section 502 Direct Loan Program that must be used by September 30, 2015 for buyers that want to live away from the city. The Washington DC field office reported : "As of August 13, 2015, RHS has enough to fund approximately 2,500 additional home loans." This is a loan for buyers in Non city areas- "rural areas" whose adjusted income does not exceed 80 percent of the area median. There is no down payment requirement and the interest rate are really low. Areas like Warren County, Culpeper, Orange County, Page County, Rappahanock County, Front Royal and Linden, Virginia should qualify for this program. Some parts of Fauquier County Catlett, Warrenton and Marshall may qualify. Rural parts of Maryland Counties may also qualify such as North Western Montgomery County, Brunswick to Middletown and Parts of Carroll County, MD. This is a direct loan program that is different then the Guaranteed loan program. You must apply thru an RHS field office and not thru a mortgage lender for the Direct Loan. Loan funds may be used to purchase existing homes, to build, repair, renovate or relocate a home, or to purchase and prepare sites, including providing water and sewage facilities. Contact me if you are interested you have until the end of September 2015 to get started, Contact me and I can help you get started thru a Rural Housing field office lender and check to see if you meet the income criteria. GreatDCMetroHomes.com
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Here Are Five Easy Ways to Tell if It's Time to Upgrade
Your home is your castle, your own little piece of the American dream. But lately, your little corner of the world has been feeling cramped and you find yourself eyeing those larger homes. Is it time to pull up stakes and move on from your starter home?
If you've added to your family in recent years, you may have more bodies than bedrooms. A two-bedroom home may have been a great idea when it was just you and your spouse, but with two kids, you're starting to have turf wars over the play area.
Overflowing With Stuff
From an overflowing toy chest to closets packed so tightly with shoes and coats you risk an avalanche every time you open the door, your home just doesn't have the space to keep all your things. You may have even had to move some things off-site, spending money to rent storage space to keep that antique dresser your grandmother left you or the set of state spoons you carefully collected during your college years.
No Rest For The Weary
You'd love to spend an afternoon soaking in the tub, but before the warmth of the water can take you away, there's a banging on the door of the only bathroom in the house and a chorus of “hurry up!” invading your quiet time. And the man cave you dreamed of? Those visions of a big screen television were shattered by the realization you needed somewhere for the kids to sleep.
No Room For Extras
When you first moved in, the two-car garage doubled as your woodworking shop. Now, the equipment has been sent to storage to make room for the family's second car. You'd love to take up organic gardening, but your tiny yard barely has room for a grill and a lawn chair. You'd love to host your friends visiting from out of state, but there is hardly room for their luggage, much less them.
Changes In Career
You may have opted for a starter home when you first entered the market because you had a smaller income. Now, thanks to changes in careers or promotions at work, you can afford a home with greater square footage and room for your growing family that will provide the space you need for many years of happy memories.
Home prices across the country are starting to rise. Contact your trusted real estate agent today and take advantage of the opportunity to give your family the most space at the best price now.
A climbing market is great news to homeowners but keep in mind, with growing sales prices comes higher taxes. Eager buyers and motivated sellers have jump started the market this year in the DMV areas DC, MD, and Northern VA. Homeowners be prepared and take this as a warning your real estate taxes could be should be going up soon. Data released Monday from MRIS show that greater inventory and modest prices have driven sales from Jan to April. Areas like DC have a lack of inventory and is experiencing more bidding wars. With all of this comes more sales, more comps, more appreciation, higher prices, and then higher taxes.... The jump you see will depend on your location and how often taxes are assessed in your area but just note you may receive a notice in the mail.. Do not let it bother or worry you it is usually just a small jump in payment.
Deandrea Dee Dee Jones