Many first time home buyers believe they have to put 20% to purchase a home. But that’s far from true. In fact, the average down payment for first time home buyers is […]
How much down payment do I need to buy a home?
Buying a Home Doesn’t Have to be Scary.
Many potential homebuyers believe they need a 20% down payment and a 780 FICO® score to qualify to buy a home. This stops many people from even trying to jump into homeownership! […]
Don’t Get Caught in the Rental Trap
One of the top benefits in home ownership is being able to protect yourself from rising rents by locking in your housing cost for the life of your mortgage. Avoid Getting Trapped […]
4 Reasons for Buying or Selling a Home Now
The second half of 2019 offers an incredible opportunity for success. Here’s why: Supply and Demand Supply in most of the DMV remains low, with multiple offers being more of the norm. In a recent […]
The Truth About FICO Scores & Down Payments
Interestingly, the American public is still somewhat confused about what is required to qualify for a home mortgage loan in today’s housing market. It seems the main reason why non-homeowners do not […]
Home-Buying Myth: You must have a 20% down payment to purchase a home
By Brian Murphy, Senior Loan Officer, MVB Mortgage For generations the accepted norm to purchase a home, you must have a 20% down payment. This remained true throughout the 20th century as […]
Why Using a Local Lender Matters.
By Scott Silverstein, Caliber Home Loans The homebuying process can be an overwhelming task: figuring out where to live, choosing a realtor to represent you, finding a lender, determining your budget, and, […]
Two Great Low Down Payment Lending Programs!
In today’s competitive market with soaring home prices, buyers struggle to come up with a hefty down payment and closing costs needed to buy a new home. Now, with the Fannie Mae […]
Homebuyer Help in MoCo
Montgomery County, Maryland has a great program for homebuyers who need down payment or closing cost assistance. The Montgomery Homeownership Program gives eligible homebuyers up to a $40,000, interest-free loan to pay for […]
Don’t Get Caught in the Rental Trap
One of the top benefits to home ownership is being able to protect yourself from rising rents by locking in your housing cost for the life of your mortgage. Don’t Become Trapped […]
