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DMV Home Buyers 6 Fundamental Home Buying Tips DC MD VA

Home Buyers should be familiar with these 6 fundamental Home Buying tips.   Contact me Today to discuss more tips and info .. Start Here  GreatDCMetroHomes.com

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Free Home Buying Class for Northern VA home buyers

Saturday February 11th, 2017 First timeHome buying

9am to 4pm

Certificate given upon completion

Location: 7987 Ashton Ave

Manassas VA 20109

Come learn about the buying process from beginning to end ad get valuable information and answer to 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, loan info, credit help, downpayment assistance, and what to expect in the closing process. This class meets VHDA, FHA, Community, and many first time buyer education program requirements.

Must  RSVP,online go to  http://www.cvent.com/events/homebuyer-education-victoria-neeley-manassas/event-summary-025dd74d36644aa3872d605bc2d66e3e.aspx?Refid=2

Military Pay Increase 2017 BAH and basic pay VA loan buyers

If you want to know what changes have been approved for Military Families for 2017. Pay attention to the base pay and basic allowance for housing changes.  

On December 8, 2016, the full Senate passed the final conference report for the 2017 National Defense Authorization Act by a vote of 92 to 7. The bill will now move to President Obama for final signature. If approved by the President, the 2.1 percent pay raise for 2017 will become effective January 1, 2017.

Military pay will see a 2.1 percent increase for 2017, compared to 2016 levels. The military pay tables below apply to active members of the Navy, Marines, Army, Air Force, and Coast Guard.

The calculator above (and related tables below) reflect 2017 monthly pay based on the 2.1 percent pay raise, which is effective as of January 1, 2017. This pay increase will be reflected in the January 15 paycheck.

The 2017 Basic Allowance for Housing (BAH) rate has increased on average by 2.4% or approximately $41 per month, according to a Defense Department news release. The new BAH rates will take effect on January 1, 2017 and service members will see their first increase on their January 15th pay.

 

The overall rates are based on area- areas such as Washington DC and Northern VA will have a higher allowance than areas in Hampton Roads and Virginia Beach. To find your area go to http://www.militaryrates.com/military-pay-charts,  But the litlle increase can still help those thinking of using their VA home loan benefit.

 

also BAH Update 12/11/16: Congress has agreed to not reduce the Basic Allowance for Housing benefits for new entrants beginning in 2018. The language originally called for only covering what service members actually pay in rent.  

Read more: http://militarybenefits.info/2017-bah-basic-allowance-for-housing-rates/#ixzz4TV4BeZCG

 

by DMVRealEstateChick.com

Free Home Buying class for Northern VA home buyers


Saturday November 5th, 2016     9am to 4pm

Certificate given upon completion 

Location: 7987 Ashton Ave

Manassas VA 20109

Come learn about the buying process from beginning to end ad get valuable information and answer to 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, loan info, credit help, downpayment assistance, and what to expect in the closing process. This class meets VHDA, FHA, Community, and many first time buyer education program requirements.

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

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.

 

 

How to Get Rid of Ghost

If you have sold a haunted house here is some info to pass on to the homeowners!!!!! I live down the street from a cemetary so I am always ghost sensitive. Now living in Northern Virginia this land is war land and comes with many rumors of sitiings and apparitions all though I have yet to witness this first hand I want to be prepared. I bought my home new and as an agent I know that In Virginia we DO NOT have to disclose stigmatized properties.

Stigmatized property is a term used in the real estate business which describes possible detrimental features of a property or home, all the result of unfortunate occurrences. These can include murder, suicide, and the belief or proof that a house may be haunted by real ghosts. Just in case I will be ready. Here is a remedy for getting rid of Ghost!!!! Hopefully you and I will never need it!

 

 

Northern VA MD DC Real Estate Investors Guide

If you are contemplating Real Estate Investing or wholesaling in the Northern VA, Washington DC or Maryland areas here is an investment guide on how to work with an investor friendly agent.  Click to view then contact me about getting started!

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DMVRealEstatechick.com   DJonesRealEstate.com  GreatDCMetroHomes.info