Buying your first home is a huge step, but it doesn’t have to be stressful. These days, state and federal programs exist to help home buyers like you secure competitive-rate loans — and they can connect you with plenty of resources on financial incentives, tax credits and federal assistance that can reduce the cost of your home mortgage.
Here are 5 of the best loan options for buyers seeking to enter the housing market:
Federal Housing Administration (FHA) — First time home buyers can get approved for as little as 3.5% down.
HomeReady and HomePossible — 3% minimum down payment, reduced rates and private mortgage insurance for certain buyers.
DC Open Doors — on-amortizing down payment assistance loan at 0% interest, as well as below-market interest rates for first trust mortgages.
Virginia Housing Development Authority (VHDA) — provides eligible homeowners a 2% to 5% grant toward their down payment.
Maryland Mortgage Program (MMP) — allows borrowers to pay off their outstanding student debt as part of the home purchase.
To learn more home financing options, attend the upcoming Home Buying Seminar on April 22 in Arlington.
- Financing programs
- How to avoid double paying a rent and mortgage
- How to calculate your budget the right way
- How to craft a winning offer in a highly competitive market
- Finding off-market properties
- Leveraging your equity
- The 4 C’s of Real Estate
Benefits of Attending:
- $1,500 credit towards your new home or towards early lease termination
- 12-month home buy-back guarantee — purchase with confidence!
- Wine and cheese provided
- The first 3 to attend will receive a gift card to Barley Mac restaurant!
This event is hosted by The Keri Shull Team, the D.C. metro’s top producing real estate team. Details are as follows:
A 2 BD/1 BA brick home with a walk-out lower level, backyard and hardwood floors is included in Just Reduced
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Join the Alexandria Symphony for their Home for the Holidays concert on December 17-18.
Grab some friends and sign up for Parks & Rec’s Eugene J. Green Memorial Winter Basketball League! Adults 18+ can register teams of up to 12 people for the ten-game season. Cost is $765 per team. Games are Mondays and/or Wednesdays at Arlington Mill Community Center starting the week of Jan. 4. Sign up here by Dec. 11.
Join us at Art House 7 this Saturday 4-7pm for our Annual Open House – Teacher and Student art show!
- Meet our teachers
- See student and teacher artwork
- Teacher’s paintings, ceramics, notecards will be for sale
- Enjoy beverages and light refreshments
- All attendees get a $20 gift certificate off a class
- 30% off everything in our Supply Store for holiday gifts
Sat. Dec. 3, 4-7pm
Art House 7
5537 Langston Blvd.
Arlington VA 22207
NCE’s Holiday Concert will bring the finest classical masterpieces and holiday favorites together for the whole family. The festivities begin with Leroy Anderson’s classic “Sleigh Ride” and “Chanukkah Festival”, music from the Nutcracker and by J.S. Bach.
Outstanding Young Artist