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Home Buying help for Military and Veterans DMV DC MD VA

If you are Active Duty Military, a Veteran, or a Government Employee in the DMV DC, MD, VA area, Let me help you buy or sell your next home.  Contact Me Today! Start Here GreatDCMetroHomes.com 

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Free Home Buying Class for Northern VA Home Buyers

FREE Home buying Education Classes for first time home buyers in Northern Virginia!!!!!!!! 

Tues & Wed May 17th&18th 6-9pm
note: This is a 2 night class and you must attend both nights to receive a home ownership education/ VHDA certificate of completion required for some loans.

Location: 10629 Crestwood Dr Manassas VA 20109

Sponsored By Home Buyers Marketing II, Inc, McLean Mortgage & Secure Home Inspections

Come learn about the buying process from beginning to end. 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

If you are serious about buying a home in 2016 then this class is designed for you. Find out how to get preapproved to buy, how to make an offer, and what to expect in the closing process. This class meets VHDA, Sparc, Community, and many first time buyer program requirements.

Email Today to RSVP, leave name and phone number and number of guest. email 
djoneshomes@gmail.com   GreatDCMetroHomes.org

DMV Home Buying Loan Updates you need to know in 2016

Rules and Guidelines for Home Buying are always constantly changing.  Here are a few changes you need to know in 2016, DC, MD, and Northern VA Home buyers, buying with FHA, VA or Conv Loans 

FHA Loan Update                            20160415_084515

Has released new rules on how they will count deferred qualifying student loan payments, at the end of 2015 they tightened standards after a lot of complaints they have reduced levels. If you are a client that was previously denied a FHA mortgage due to deferred student loan debt, it may be time for you to reconnect with a lender to get re-pre qualified,

If you have a pq letter you may want to have your lender redo it – it may and can change your qualifying amount, this is for mostly deferred loans, reduces outstanding loan balance requirement from 2% to 1%, but can make a difference.

 

VA Loan Update

va

VA loan

There are new rules on how Veterans, Active Duty, and Govt Employees can have 2 (TWO) VA loans at one time, Call me for details this mostly only works well for relocating from a smaller house to a larger home for primary residence and preferably more than 50 miles away.  A lender would need to pull your current COE- Certificate of Eligibility and Debt to income ratio – to see what you would qualify to buy.

 

 

 

Conventional Loans Update housemoney

George Mason Mortgage and McLean Mortgage are two of the lenders now offering 3% Conventional loans guidelines (there are a few others)
First time buyers only or for those who have not purchased in 3 years,
Preferably no previous bankruptcy or foreclosure at all
No max income requirement like VHDA and Down Payment assistance loans for DC and MD
Minimum credit score 620
Must be primary home not for investment
No mortgage insurance, payment should be cheaper than fha
3% down, must be own funds can not be credited or gift.

The season will be busy this year so having a pre-qualification  and the a pre-approval will be vital for a successful home buying process in DC, MD, and VA.qualify

For more info on these programs and to start your pre-qualification process contact DeAndrea DeeDee Jones at djoneshomes@gmail.com or thru GreatDCMetroHomes.com.

Home Buyers Marketing II, Inc a DC, MD, VA Real Estate Brokerage Company.

 

 

Snow Removal law for Washington DC Home Owners

Be prepared Washington DC Homeowners if you have a public sidewalk be prepared to face a higher fine for not keeping your walk snow free.  We are anticipating more snow fall this year so get plenty of shovels.

The law states “DC law requires property owners to clear snow and ice from sidewalks, handicap ramps and steps on their property within the first eight daylight hours after the snow, sleet or ice stops falling.”

The fines are imposed by the city and more info can be found at. http://dpw.dc.gov/service/dc-snow-removal

Tips for DC homeowners get a neighborhood snow shovel team together to make it go faster.  Buddy up with a neighbor and take turns sharing an area.  Pay teenagers to help they often love a chance to make extra money. or Just suck it up as a chance for extra exercise……

POSTED BY DEANDREA JONES HOME BUYERS MARKETING II, INC
GREATDCMETROHOMES.COM      703-596-5884