On April 14, Fannie Mae announced a new incentive program for first-time homebuyers called HomePath Ready Buyer program. If first-time buyers in Virginia Beach, Norfolk, and Chesapeake, take an online course about home ownership and become certified, they could save a lot on the purchase of their home. From the article on realtor.com: “For instance, on Read more about Closing Cost Assistance for First-Time Homebuyers[…]
Condos have their own set of regulations because lenders view them as a higher risk. Why? As an owner, you rely on other unit owners to maintain their places and pay condo association fees.If you plan to finance a condo and need a loan in Hampton Roads (like Virginia Beach or Norfolk) you need to know Read more about What You Need to Know About Condos[…]
On Wednesday, February 25, I tuned in for a webinar hosted by Navy Federal Credit Union called “Military, Millennials and Money.” The forum took place at the National Press Club in Washington, DC. As a lender who specializes in home loans for millennials and first-time homebuyers, it’s important I follow national trends and deliver the Read more about VA Loans for First-Time Homebuyers in Virginia[…]
Over the past couple of years, the MIP (mortgage insurance premium) rates on FHA loans have increased, which raised monthly mortgage payments. The increase kept some homebuyers out of the market. On January 26, FHA will reduce its MIP rate and allow borrowers to save on average $900 a year. The highlights: Annual premium reduced from Read more about FHA Reduces Mortgage Insurance Rates[…]
Money Market reported this week that “too many veterans are steered away from VA loans and some vets don’t even know about the program.” VA loans are great for people in Hampton Roads who are part of our military community. It doesn’t matter if you live in cities like Virginia Beach, Norfolk and Chesapeake. The VA Read more about Why You Should Consider a VA Loan[…]