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Home Buying in Arlington County : Real Estate Advice

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  • Local Info0
  • Home Buying5
  • Home Selling3
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Activity 139
Tue Nov 28, 2017
Lisa Withers answered:
Wasn't able to finish writing, I have my closing documents and wire transfer instructions for closing and my lender called yesterday 48 hours before closing and stated I am not qualifying for the loan?! Is this even legal? I am due to move out of my apartment in 15 days. Of course it has already been rented so I am not able to stay in place. So basically I will be homeless. I received my "congratulations you are approved" letter 25 days ago!! So why!?! Any information will be greatly appreciated! ... more
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Tue Oct 3, 2017
Hawleyg58 answered:
My middle is put as first can I void lein holder by my name being wrong on paper work.
0 votes 21 answers Share Flag
Fri Jul 21, 2017
John Scotts answered:
Yes, Indian citizens can definitely buy a investment property in US. Foreign investors have been huge investors in US real estate market as it provides them healthy rental income, good appreciation and a secure investment process.

You should start with finding a good real estate consultant in India who can help you with managing your finance and investment from India. I have worked with myah.in who specialize in helping Indian investors invest in US real estate. Please contact me for more information.
... more
0 votes 9 answers Share Flag
Fri Jul 21, 2017
John Scotts answered:
Yes, Indian citizens can definitely buy a investment property in US. Foreign investors have been huge investors in US real estate market as it provides them healthy rental income, good appreciation and a secure investment process.

You should start with finding a good real estate consultant in India who can help you with managing your finance and investment from India. I have worked with a company who specialize in helping Indian investors invest in US real estate. Please contact me for more information.
... more
0 votes 5 answers Share Flag
Tue Jun 20, 2017
NovaBuyer answered:
Thanks to those of you who responded to my post above. I've found someone to do the job.
Cheers!
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Tue Jun 20, 2017
NovaBuyer answered:
Here you go!
http://www.apsva.us/wp-content/uploads/2015/02/ESZones_Letter_2017.pdf

Not sure if you've already purchased your house, but wanted to note that overall, Arlington is an excellent school district, and if you're trying to pick the best school across the district......4-6 of the schools in the northern region of the county are virtually indistinguishable from each other from a quality standpoint. Not sure if diversity matters, but I should note that it can vary wildly between those northmost 4-6 schools. ... more
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Mon May 8, 2017
Kathy Burgreen answered:
Foreigners can buy real estate and get a mortgage in the U.S. However, you will be required to have a large down payment (30%) + cash to pay for closing costs. You should also Google "FIRPTA" tax. This is a tax that foreigners need to pay when selling their property. ... more
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Mon May 8, 2017
Kz105 asked:
I am thinking about to take a mortgage for a condo in Washington, DMV area. I have a good credit around 700 and monthly salary of $2300. However, I am not a US citizen or a permanent resident.…
0 votes 0 Answers Share Flag
Mon May 8, 2017
Dayiscore87 answered:
Hello
I have a question: who is in charge of putting the names in the property the realtor or broker? My boyfriend is buying a home for the two, but I want to put in the papers of the House, but not on the loan. ... more
0 votes 16 answers Share Flag
Tue Apr 25, 2017
Eric W Vander Werff answered:
I lend all across the country and I've never heard of an, "Attorney specific" loan program. Credit, income, location, down payment, will determine what is the best loan program for you. I would reach out to a well reviewed lender and have them start the process for you. Best of success! ... more
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Wed Jul 6, 2016
john bertuci asked:
we recently got a short sale approval from ocwen, and noticed in the letter that after adding 6% commision and owner assitance of $10,000, it still came lower than the offer price. My question…
0 votes 0 Answers Share Flag
Wed Nov 25, 2015
Agent answered:
Arlington has many different housing options to suit your needs. Make sure you protect your new home with renters insurance. We offer competitive premiums from different carriers, and you can save money by bundling coverage with personal auto insurance too. www.valueinsuranceinc.com ... more
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Fri Sep 4, 2015
Jose_parrot asked:
Combining sales data of other housing types with single family houses produces meaningless results.
0 votes 0 Answers Share Flag
Fri Sep 4, 2015
Amelia Robinette answered:
Depends...you'll need to discuss the contract terms with your agent and see if it's possible. Keep in mind, if you have a rate locked, you may not get the same rate with another lender, you'll also have to pay for another appraisal, credit report, application fee if one was charged.

In general, 15 days is a VERY tight timeframe and irritation is a bad reason to switch and may put your contract in jeopardy. You're in a competitive market, so probably best to suck it up and move forward.

Good news is that it's unlikely you'll deal with your loan officer again after closing. Depending on what bank you're working with, they probably won't 'own' your loan more than 30 days past closing. Unless you're already working w/Wells Fargo or Bank of America. It's likely that your loan will be sold to one of the larger servicing companies. Even if your loan officer is with a big bank, the loan servicing arm of each bank is often an entirely different entity.

Best of luck!
... more
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Fri Aug 7, 2015
gigi otar answered:
Hello Abena!

As a realtor working this particular zip code, I can tell you that rent-to-own options only happen in slow, sluggish markets where sellers can't find buyers.
22201 is hardly that zip code.
I am sure that if you were to speak with a good loan officer, they would be able to direct you to loan programs that would not only match the amount you would be paying for a rental/monthly but also assist you with possible down payment assistance depending on your price range. The zip code you are looking under is THE most expensive and sought after zip code right now where a one bedroom at the minimum costs $400K.

I hope this helps you!

Gigi
... more
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Mon Jul 13, 2015
Anna M Brocco answered:
It may/may not--Really depends in your sons' overall financials, timing, etc., therefore discuss with your loan officer....
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