Tag Archive | Silver Springs

Washington DC Open Doors Down Payment Assistance Program for District of Columbia

Do you like to Make or Save Money? Do you currently live in or plan to move to Washington D.C., District of Columbia?

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 education class contact me to register for a class djoneshomes@gmail.com.

For more info and to search homes contact DeAndrea Dee Dee Jones thru GreatDCMetroHomes.org

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DMV, DC, MD, VA, Climbing Real Estate Taxes

headed upA 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.

MD DCHD New Program helps residents buy a home with student loan debt

Great new program for MD residents with student loan debt

MD DHCD: Maryland for the better...

MMBA-5.7

Annapolis, MD – Governor Larry Hogan and Secretary Kenneth Holt this week announced a $20 million initiative aimed at members of the Millennial Generation that will give a boost to otherwise qualified buyers who have been unable to move into homeownership because of significant student debt.

Through the “You’ve Earned It!” initiative, the Maryland Mortgage Program is offering a 2.75 percent fixed rate, 30-year mortgage and $10,000 in down payment assistance to qualified homebuyers with more than $25,000 in student loan debt. The program is open for a limited time to families purchasing a home in one of Maryland’s 82 Sustainable Communities. Maryland’s Sustainable Communities program seeks to strengthen reinvestment and revitalization in the state’s older communities through state, local and private sector partnerships. There is at least one designated Sustainable Community in each of Maryland’s 23 counties and Baltimore City.

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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