What To Do When Your Appraisal Comes In Lower Than Your Offer

What To Do When Your Appraisal Comes In Lower Than Your Offer

Post Appraisals are an important part of the mortgage process, mainly because they ensure that you’re paying a fair price for your new home as a buyer. Appraisals also act as a safeguard for all parties involved, from the seller to…
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How To Use Your 401(k) to Help Buy Your Home

Post You usually hear that it’s imperative to save for retirement as early as you can. That advice will serve you well as you get closer to retirement age and all of that planning starts to become reality. Much of the…
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How to Save on Your Down Payment with an FHLB Grant

Post We all dream of our perfect home. Maybe yours has a spacious backyard for your pets to roam. Or perhaps it’s an apartment with a nice view of the sunset each evening. While it’s easy to visualize what you want…
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How Much of a Down Payment Do You Need to Buy a Home?

Post Everyone gets excited about buying a new home, but selecting the loan program you’ll use and figuring out how much money you should put down aren’t typically met with as much enthusiasm. While figuring out the financing may not seem…
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What If You Can’t Afford to Buy a Home in Your Area?

Post Home prices have been steadily increasing, especially throughout the pandemic. In several markets, prices were already high to begin with, leaving many buyers wondering if they’ll ever be able to afford a home in their desired location. On top of…
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Getting Your Offer Accepted in a Seller’s Market

Post You might not be aware, but the housing market has its ups and downs, just like other cyclical industries. It’s advantageous to time your home transactions to align with the market conditions favorable to your situation, such as buying when…
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How the DC Open Doors Program Helps First-Time Buyers

Post The District of Columbia is a special place. It’s the United States’ capital – the center of all the action for the federal government. It’s also an international city, home to embassies of nations from around the globe. Even its…
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What is a Jumbo Loan?

Post A jumbo loan is used to finance a home when the price exceeds the conforming loan limit, which is $548,250 for most of the U.S. in 2021. It’s important to understand why you would need a jumbo loan and how…
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What Is the Average Down Payment on a House?

Post When you start thinking about buying a house, you will probably first consider whether you have enough money saved for the down payment. Your down payment is an important part of the mortgage process. It plays a role in determining…
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How to Find a First-Time Homebuyer Program

Post As you embark on your home buying journey, there are several parts of the process you may not have heard of before. That’s okay! This is when your loan officer will step in and be your guide to make the…
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