first time buyer programs in virginia: 1st Time Home Buyer in Woodbridge Gains $29,000 Instantly! - 11/23/15 03:42 AM
A few weeks ago on a Sunday afternoon I recieved a phone call from one of my real estate agent friends (yes I answered the phone on Sunday). His buyer had been pre-approved by a different mortgage lender but the lender had failed to explain to his client the difference between down payment and closing costs when buying ahome.
The buyer was using a FHA Loan and thought since the seller agreed to pay all closing costs, she did not need money at closing. To her suprise she was going to be short a few thousand dollars to cover the required minimum down payment for … (3 comments)

first time buyer programs in virginia: How you could gain $39,000 vs. spending $120,000 in the next 5 years! - 10/08/15 04:48 AM
You have heard it all - now is the time to buy, rates are low, the cost of waiting, etc. The biggest reason I agree with buying now versus later is simply because you are ready to buy a home!
Over the next five years a renter paying $2,000 per month will have paid $120,000 towards housing assuming the landlord DOES NOT raise the rent.  That same $2,000 if used to pay a mortgage of $300,000 can gain or save you $39,509 even with the cost of maintenance, taxes, and cost to sell.  The numbers assume a modest 2% appreciation rate over five years and … (3 comments)

first time buyer programs in virginia: Virginia First Time Buyers Programs Increase Income Limits - 03/08/10 02:06 AM
Virginia First Time Buyers Programs Increase Income Limits
The very popular VHDA Program has increased first time buyer income limits in the entire state but the Washington Metro area received a large boost to help more buyers with credit 620 score or higher qualify for financing through there first time buyer programs.
Income limits for single person households increased from $86,900 o $97,500 and from $100,000 to $115,000 for households of three or more.
The biggest hurdle besides credit for many first timers is cash for a down payment well VHDA's FHA Plus has solved this problem. The program allows eligible borrowers to … (0 comments)

 
Markita Woods NMLS#196099, Queen of Mortgages  - FHA, VA, Conventional, USDA  (American Financial Network)

Markita Woods NMLS#196099

Queen of Mortgages - FHA, VA, Conventional, USDA

Woodbridge, VA

More about me…

American Financial Network

Address: Fairway Independent Mortgage, 2241-C Tacketts Mill Drive, Woodbridge, VA, 22192

Office: 703-844-2064

Mobile: 703-929-2274

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NMLS# 190699


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