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Home Buying in 20019 : Real Estate Advice

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  • Local Info1
  • Home Buying7
  • Home Selling0
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Activity 7
Thu Dec 7, 2017
Frank S. answered:
Hello Brian, the rate and payment pencils out lower on FHA than conventional. Get a fee sheet on both programs to decide.

You may consider from 3% down conventional from a minimum 620 fico score and from FHA 3.5% down from a minimum 580 fico score.

Your qualifications will be determined by your credit profile, debt to income ratios, fico scores, loan program and how much you want to invest into the purchase. You will need to be pre-approved to be able to meet an agent to view and submit offers on any homes of your choice.

If you figure out which cities/zip codes you are considering, minimum number of bedrooms and the maximum payment/price you are looking to achieve you can be emailed listings to fit your search criteria.

The purchase in 20019 zip code start from 75k for 2bd 1ba condo and the single family homes start from 239k for 3bd 1ba 816sf home.
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Mon Sep 11, 2017
Aristobulo577 answered:
does the Earnest money deposit release form should have the name of the agency's name that is holding the deposit? Should this form be sign by the agent holding the deposit thank you.
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Tue Mar 21, 2017
Alan May answered:
I tried to go according to a Rockefeller's income, but I was disabused of that notion by my bank, almost immediately.
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Mon Nov 4, 2013
Amberfield Investments answered:

Which property are you looking at and how soon are you looking to move in?

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Thu Oct 3, 2013
I would love to help you with your home search. I am available this week if you would like to look at homes. If you need a mortgage preapproval, I have a lender that is up to date on all the first time home buyer programs and grants available. Here is a link to all of the homes available in Deanwood under 300K.

3bdrm 2.5/3 btw... for under $300,000
Wesley Howard
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Mon Aug 26, 2013
Elliott R. Oliva answered:
Not sure why the underwriter would arbitrarily increase your down payment from 3.5% to 5%. Sounds like you are not getting the whole story from your loan officer. Kenyetta, aside from being a real estate agent I also spent 15 years as a loan officer so if you feel like answer some basic questions I can offer you some guidance and help clear things up a bit.

What are your credit scores?
What lender are you using?

Also, if you are buying in DC there is a great program called the DC Open Doors program that provides you with down payment assistance whether you are using an FHA or Conventional loan.

If you would like more information on that program feel free to call me or email and I will get you in contact with a great lender that can help you.

Elliott R. Oliva
Realtor |“Servicio en Espanol”
703.344.8153 direct | 703.636.7300 office
Keller Williams – McLean 6820 Elm St. #100 McLean, VA 22101
National Association of Hispanic Real Estate Professional (NAHREP)
NAHREP DC Metro-Board of Directors
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Tue Jan 11, 2011
Zaza Pasori answered:
This property has been under contract for almost two months, Purchaser is having problem to get the financing done. We are still waiting for the purchaser to sign the release. Sorry for the confusion.

Zaza Pasori | PenFed Realty
11864 Sunrise Valley Drive,Reston,VA 20191
T. 202-412-5221 F. 703-716-0017 O.703-716-2900

Equal Housing Opportunity
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