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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 $33.7 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 $33.7 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 $33.7 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

Election Adjustment: 30 Year Mortgages Rise to 3.94%


The mortgage banking industry picked up a raise for their industry as 30 year mortgage interest rates had their largest increase of the year. The industry took advantage of the US election to bump the rates up with an average increase of 0.5% points across the country. Rates on 30 year mortgage interest rates reached 3.94%.

This is the highest mortgage rates have been since January of this year.

“The mortgage industry is a for-profit industry and they’ve taken the election as a chance to increase the super low interest rates that have been in place all this year” said Gerard DiRuggiero, Principal Broker of UrbanLand Company. “Let’s home area home buyers and homeowners wishing to refinance pull the trigger now before further increases start to occur.”

There’s no need to panic. Interest rates at 3.94% are still far lower than your parents paid for their home mortgage. The best way to get started is to join us at our popular First Time Home Buyer Workshops twice a week. We meet Tuesday nights at 5:30pm and Saturday mornings at 10am where we introduce $0 Down and subsidized down payment programs, and show you how to use the financing strategically in the local real estate market. We’re real estate agents and can smoothly transition you into actually buying and owning a home or condo if you can follow our playbook!

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Workshops are FREE of charge and are held at 913 Florida Ave. NW. near the U Street METRO. UrbanLand Company Home Buyer Workshops have produced over 1,250 in purchased homes since 2014 for DC and Maryland residents, many of which are $0 Down or low down payment loans.

Where’s our interest rate numbers come from? We get our data from Freddie Mac’s weekly survey of bank rates around the USA. The actual interest rate on your home loan can be different based on a variety of personal factors, including your credit score, amount of down payment, home purchase price, your debt-to-income ratio and other variables. Email us for how to get pre-qualified for a local mortgage! UrbanLand Company real estate agents have a high degree of success in helping buyers get financed!

Here’s some of the homes we’ve sold to Workshop attendees!

 

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