Editor’s Note: This biweekly column is sponsored by Dominion Wine and Beer (107 Rowell Court, Falls Church). This week’s Guide is written by Arash Tafakor of Dominion Wine and Beer.
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We are now serving lunch full time! Whether you’re on a limited time schedule, or enjoying a leisurely day, we offer great food, service and atmosphere. Hours are below.
Try our fantastic roasted Maple Lawn Turkey Farm sandwich. Sliced fresh and served warm between fresh Lyon Bakery multigrain bread, topped with Havarti cheese, lettuce, tomato, avocado, Nueske’s Applewood Smoked Meats bacon and herb mayo. Fries or salad on the side.
Next week we’ll introduce a brand new lunch menu with a handful of new items! Stay tuned.
Weekend Draft Features
Tapped Thursday 11/29 at 4 p.m.: Seeing brand new ultra limited distribution to NoVa via Liquid Distro, we’re excited to tap two kegs from Deciduous Brewing Company: *pours only on both Deciduous kegs. No fills*
- ‘Shine’ – 4.2% Berliner Weisse with lychee and blood orange
- ‘Smiling High’ – 7.8% NE DIPA with Nelson & Waimea
Tapping anytime between Wednesday and Sunday: *crowlers available on the following*
- Funky Buddha Brewery Morning Wood, 11% Bourbon Barrel-Aged Maple Bacon Coffee Porter
- Ocelot Brewing Company Mi Corazon American IPA generously hopped with Citra & Galaxy
Monday-Thursday 11 a.m.-10 p.m.
Friday 11 a.m.-11 p.m.
Saturday 10 a.m.-11 p.m.
Sunday 11 a.m.-9 p.m.
See you all soon!
Address: 2315 N. Vernon Street
Neighborhood: Donaldson Run
Located on an appealing quarter acre lot in the Lee Heights neighborhood, this sparkling new home from A&N Builders is perfect for the holidays.
Invite guests through the front porch to an impressive dining room with wainscoting, walk in bay window and fanciful chandelier. Adjoining the dining room is the chef worthy kitchen with view of the trees. The center island is perfect for the participatory cook to direct friends and family. The six burner gas range provides plenty of space, and the fridge and wine fridge store the abundance.
Those more interested in sports than cooking may gather in the large family room with fireplace and a door to the back yard for impromptu games. Upstairs there are four bedrooms and four baths to accommodate guests and the lower level has a fifth bedroom and bathroom, ideal for the returning college student.
Wood floors, high ceilings, architectural details, polished finishes are the hallmark of an A&N home. Behind the scenes, well conceived insulation, two zone heating and cooling, and window sealings ensure the comfort of all.
The schools are Taylor, Williamsburg and Yorktown with middle school students switching to the new Stratford Middle School in the next year.
Walk to Lee Heights shops for last minute provisions from the wine and pastry stores or a gift at the toy store for visiting children.
Arlington’s classic “two lights to D.C.” commute makes this home very commuter friendly. It provides even easier access to the Rosslyn-Ballston business corridor, Pentagon, Fort Myer, Foreign Service Institute, airport and the future National Landing.
A very pretty home in a most convenient location.
This regularly-scheduled sponsored Q&A column is written by Eli Tucker, Arlington-based Realtor and Rosslyn resident. Please submit your questions to him via email for response in future columns. Enjoy!
Question: Are funding fees on VA loans eligible for seller credits?
Answer: Loans guaranteed by the Department of Veterans Affairs are known as VA Loans and provide current and former service members with an opportunity to purchase a home with as little as 0% down.
In addition to the normal closing costs (title fees, transfer taxes, etc.), a funding fee is charged at settlement, which is equal to anywhere from 1.25-3.3% of the loan amount, depending on size of down payment, type of service and whether or not it’s the borrower’s first time using the VA loan program.
It’s a fee paid to the VA on every loan to offset the cost of loans that default (similar to mortgage insurance on non-VA loans). Disabled veterans are eligible to have the entire fee waived.
In a previous column, I explained how buyers can negotiate for seller credits to reduce or eliminate the out-of-pocket expense of closing costs at settlement. Fortunately, the funding fee falls into this category, along with the rest of the standard closing costs associated with a VA loan, and buyers are eligible to have all of these costs covered by the seller.
In theory, if a buyer is able to negotiate 100% of closing costs paid by the seller and chooses a 0% down payment loan, a home can be purchased cash-free.
If you’re unable to negotiate seller credits to cover the funding fee and are concerned about having the cash to pay for closing costs, you’re also allowed to roll the funding fee into your mortgage so that it becomes part of your monthly payment.
Some Other Facts about VA Loans You May Not Know
- Financing is available up to $1,500,000, just not at 0% down
- You can use your VA entitlement more than once
- VA loans are assumable (can transfer from seller to buyer at seller’s rates) which is a big deal in today’s market because rates have been increasing steadily
- Adjustable Rate Mortgages (ARM’s) are also available, not just fixed-rate
Arlington Veterans Affairs (VA) Loans by the Numbers
- In 2017, 261 of 3,130 buyers (8.3%) used a VA loan. By comparison, 2,173 used a Conventional loan (69.4%)
- The average purchase price for homes purchased using a VA loan was just over $615,751
- 38% of VA loans were used to purchase a condo, 29% to purchase a townhouse and 33% to purchase a single-family home
- On average, buyers using a VA loan negotiated 2.3% off the original asking price. By comparison, buyers using a conventional loan negotiated 2.2% off the original asking price and cash buyers negotiated 4% off the original asking price
I hope the veterans and active duty military readers had a great Veterans Day Weekend. Thank you for your service!
If you’d like a question answered in my weekly column, please send an email to [email protected]. To read any of my older posts, visit the blog section of my website at www.EliResidential.com. Call me directly at (703) 539-2529.
Eli Tucker is a licensed Realtor in Virginia, Washington DC, and Maryland with Real Living At Home, 2420 Wilson Blvd #101 Arlington, VA 22201, (202) 518-8781.
Celebrate the transformative power of film with the Washington West Film Festival, an annual showcase of the best new films and talented filmmakers from around the globe.
Create your own fest experience — reserve your favorites from over 40 films we’ll be screening in Reston and Arlington from October 25-30, with a limited time offer to the ARLnow community, a 30% discount off our popular The Fest Experience.
And the best part is you can feel good about Fest-binging. 100% of our net box office proceeds go to our charity partner each year that works to help alleviate childhood hunger, illness and poor education.
Purchase Today’s Deal Now
Discount Code: ARLnowDeal17 has been applied for you
WHEN: October 25-30, 2017
WHERE: Multiple locations in Arlington and Reston
WHAT: Enjoy the best a film festival has to offer. By purchasing this pass, you will have the opportunity to explore the variety of film options and styles showcased at the festival — a documentary film, a narrative film, two shorts programs and the Pavilion party.
Story Can Change The World. Learn more about the Washington West Film Festival