Tag Archive | VA

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.

 

 

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No Downpayment Loan from USDA Rural Housing Service 502 Direct Loan program

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

HBM2 Now Hiring Licensed Agents and Brokers VA, MD and DC

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Home Buyers Marketing II, Inc a National Real Estate Company,

Northern VA Housing Market Real Estate Update

Here is the latest housing Market Update for 2013 from Re/Max.com

For a specific market report on your city contact me today!

THE NORTHERN VA REAL ESTATE LADY!

Call me to buy a home in any DC Metro area of Northern VA, areas including Fairfax, Prince William, Loudoun, Fauquier, and Stafford Counties.

“I can dream alone, build alone and strive alone, but true

success always requires the help and support of others.

Please send me your referrals.”remax agents northern va

Visit my website today,

The Northern VA Real Estate Lady!

Deandrea “Dee Dee” Jones

Associate Broker

Re/Max

Real Estate

Connections

Manassas, VA Fairfax, VA

http://DJonesRealEstate.com

djoneshomes@gmail.com

download my mobile app http://87778.mobi/DEANDREA

or text DEANDREA to 87778

Follow Me Online

Free Home buying class with Lunch Chesapeake

FREE Home buying Classes for first time home buyers in Hampton Roads, VA!!!!!!!!

Sat Feb 11 th,2012         930-230pm– LUNCH INCLUDED –

Greenbrier Chesapeake Library Meeting Room

1214 Volvo Parkway, Chesapeake, VA 23320 Come learn about the buying process from beginning to end. There will be a loan officer, a real estate agent, a home inspector, and a title agent, on hand to give you valuable information and answer your questions.

If you are serious about buying a home in 2012 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.

A pizza lunch is included!

Call, text, or email TODAY to RSVP, leave name and phone number.

Must RSVP to Dee Dee Jones 757-831-8294 call, text, or email djoneshomes@gmail.com

THE HAMPTON ROADS REAL ESTATE LADY!

Call me to buy a home in any Hampton Roads area: Norfolk, Virginia Beach, Chesapeake, Portsmouth, Suffolk, Newport News, Hampton, Williamsburg, and now serving York County and the Peninsula.

“I can dream alone, build alone and strive alone, but true        The Hampton Roads Real Estate Lady!

success always requires the help and support of others.

Please send me your referrals.”

Visit my website today,

The Hampton Roads Real Estate Lady!

Deandrea “Dee Dee” Jones

Associate Broker / Recruiting Sales Manager Peninsula

Blu Skyy Realty   Virginia Beach, VA

http://DJonesRealEstate.com

djoneshomes@gmail.com

Fall Homearama 2011 Suffolk VA Harbour View

Come visit me at Fall Homearama 2011. 9 homes from the best buiders and architects in the Tidewater Builders Association Community are being featured. Homearama 2011 will be open Oct 15th – 30th from 12:00-9:00.

The smallest home will be 3,195 square feet, with 4 bedrooms, 3 baths and the biggest home will be 4,400 square feet, with 5 bedrooms, 5 baths.

homearama Fall 2011If you come by on the weekend visit me in house number 2- the “Tee Time Home”. Stop by and say hello.

This home features :

  • Brick and HardiPlank exterior
  • Covered back porch
  • Outdoor kitchen with refrigerator
  • Double arch brick-enclosed porch
  • Bamboo hardwood floors
  • Contemporary floating fireplace with limestone surround
  • Cook’s kitchen with custom horizontal hinged cabinets with open shelving and island
  • First-floor master suite
  • His and her vanities, European-style shower, freestanding soaking tub and cathedral ceiling in master suite
  • Man cave with wet bar, beverage refrigerator and three TVs with bathroom

Homearama will be in North Suffolk, VA, at the Riverfront Harbour View community located at Shelter Cove Ct. Directions:

From I-664:

  • Take exit 9A onto Route 17 North
  • Turn right onto Harbour View Boulevard
  • Turn left on Bridgeway Drive
  • Turn left into Shelter Cove Court

From the James River Bridge:

  • Travel south 11 miles on Route 17, past the James River Bridge
  • Turn left onto Harbour View Boulevard
  • Turn left on Bridgeway Drive
  • Turn left into Shelter Cove Court

Admission:

  • $10 for a one-day pass and $17 for a two-day pass.
  • Active duty and retired military guests and seniors (62 or better) get a
    $2 discount Mon.-Thurs.*
  • Children 12 and under and guests in wheelchairs are free.

To view the other 6 homes available, view discounts, or to get detailed directions click the link below:

Click Here to See Homearama Homes

THE HAMPTON ROADS REAL ESTATE LADY!

Call me to buy a home in any Hampton Roads area: Norfolk, Virginia Beach, Chesapeake, Portsmouth, Suffolk, Newport News, Hampton, Williamsburg, and now serving York County and the Peninsula.                                     

“I can dream alone, build alone and strive alone, but true        The Hampton Roads Real Estate Lady!

success always requires the help and support of others.

Please send me your referrals.”

 

Visit my website today,

The Hampton Roads Real Estate Lady!         

Deandrea “Dee Dee” Jones                                                          

Associate Broker / Recruiting Sales Manager Peninsula    

Blu Skyy Realty   Virginia Beach, VA 

http://DJonesRealEstate.com

 djoneshomes@gmail.com

 

Chesapeake, Jubilee

The Chesapeake Jubilee is May 14-17 ,

This event will be held at Chesapeake City Park, of South Greenbrier Pkwy near Kempsville, This fun family friendly event is geared to all Ages.  There will be rides, food, giveaways, and more food.

Amusements of America provides us with the largest array of traveling carnival rides and games east of the Mississippi!

 

 

Known for its great fireworks show.  This is a must see event.  The fireworks will be Saturday the 16th, at 9pm.  Bring your lawn chair and a blanket and listen to live music all day and the headliners below.   


Announcing the musical lineup for the 2009 Jubilee

The greatest living exponents of Jamaica’s reggae tradition provide a dynamic start to the 2009 Chesapeake Jubilee. It promises to be an unforgettable evening of music as the Wailers perform the legendary “Exodus” album.
Brandishing heavy guitars and an unabashed fetish for British Invasion Pop, The Smithereens carved their niche on album rock radio and earned a reputation as a great concert attraction with sizzling pop songs including: “A Girl Like You,” “Only A Memory,” and “Blood and Roses.”
These talented singer-songwriters bring their amazing “A Place to Land” tour to Chesapeake. Come hear the future of country music as Little Big Town’s highly acclaimed album comes to life with a thrilling live performance on the Bagley Stage at City Park.

 

If you think you are the grill master on the 15th & 16th there will be a bbq cookout.  Over $10,000 in cash and prizes are up for grabs.

 From funnel cakes to smoothies, the Jubilee has food for everyone’s taste

 

this info brought to you buy Dee Dee Jones The Hampton Roads Real Estate Lady, http://DJonesSellsHomes.com