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"DC Open Doors" pays your Down Payment for you on a home purchase in DC. The money does not have to be paid back. You must have:
  • Less than $125,580/year in income
  • Have fair to good credit (660+)
UrbanLand Company Agents have over $38 million in successful $0 Down and low down payment home sales. Set Appointment $0 Down Loan Estimate Or, get to know us in our Free Home Buyer Workshops
The Virginia Housing Development Authority (VHDA) pays your Down Payment when you meet certain criteria. The money does not have to be paid back. You must have:
  • Less than $97,520/year in income (1-2 person households)
  • Less than $113,840/year in income (3+ persons)
UrbanLand Company Agents have over $38 million in successful $0 Down and low down payment home sales. Set Appointment $0 Down Loan Estimate Or, get to know us in our Free Home Buyer Workshops
The Maryland Mortgage Program loans you up to $8,500 in Down Payment Assistance. There's additional incentives from specific Maryland employers + great student loan incentive programs.
  • Incomes lower than $88,400 for 1-2 person households are eligible
  • Incomes between $88,400 & $128,760 may be eligible, based on county
UrbanLand Company Agents have over $38 million in successful $0 Down and low down payment home sales. Set Appointment $0 Down Loan Estimate Or, get to know us in our Free Home Buyer Workshops
 

Real Estate

DC Housing Prices Rise to Pre-Recession Levels


 

A recent report by Trulia will make DC homeowners feel nice – home values in DC have now fully rebounded and have surpassed their pre-recession highs from 8 years ago.  The data states that 83% of homes in DC are now valued at above their 2009 peak.

How does DC compare to the rest of the area and nation? 

  • The entire DC Metro area, including Prince George’s County, shows just 19.5% of homes recovering to their peak values
  • While DC shows 83% of home values recovering, the entire nation shows that just 34.2% of homes have caught up to their prior high values
  • On the low end of the spectrum, Las Vegas and Tucson show 0.6% and 2.4% recovery respectively
  • On the far other end of the spectrum, major cities Denver and San Franciso show 98.7% and 98% respective recovery
  • Baltimore City offers rising housing prices that are a great investment. After a recent surge in the price of homes sold by over 20%, the average price downtown is just $129,250

 

If you currently rent an apartment or home, don’t panic! Interest rates on 30 year fixed rate mortgages are still VERY low, with the interest rates dropping in a time when experts say they are supposed to be rising. The interest rate this week on lots of national surveys is around 4.02%. That is a very low cost of borrowing money and keeps mortgage payments almost as low as they can get. Here’s how to get live help and guidance on buying your first home, whether it is in DC or in the lower-priced Maryland and Baltimore markets.

Our First Time Buyer Workshops are extremely popular with the public and run twice a week, every week, for free! It doesn’t matter if you’re just getting started in your home buying plans – attend a Workshop! We meet in small groups and our agents talk to you in-person regarding your specific goals and situation. The current calendar is below.

Here’s other homes and condos our Buyer Workshops have recently sold. We’ve become the fast track to first time home buyer success in the DC Metro area!

The original report from Trulia is here.

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