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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

Mortgage Interest Rates Head Further South – Fed Meetings in March!


Interest rates on 30 year mortgages continue their unexpected drops back to early 2015 levels. Interest rates notably dropped to just 3.65% on 30 year fixed rate mortgages in the last week. It’s now 6 weeks in a row that interest rates have dropped, during a time period when they’re supposed to be on a documented and forecasted rise.

“The drops are going against all economic predictions for 2016,” commented Gerard DiRuggiero, Principal Broker of UrbanLand Company. “We’re now in a ‘falling rate environment the last 6 weeks. The Fed meets again in March about overall interest rates and are supposed to be making a rate adjustment like they did last December. The mortgage industry could respond with a jump in their rates as a reaction.”

Freddie Mac, a major predictor of interest rate increases for 2016, has new predictions to report. Their multi-part forecast now is that “if Treasury Bond yields hold at their current low levels, mortgage rates may sink a little further before stabilizing.”

What’s all this really mean? If you’re a prepared home buyer, you can secure 30 years of mortgage payments at 1 low rate that is around 3.65%, depending on which week you actually purchase. “If you’re seriously considering buying but haven’t taken the time to get ready, we offer a fast track to smart ownership – our UrbanLand Company Home Buyer Workshops give you the tools & info you need to make a strategic move, including how to use $0 Down / easy 100% financing programs that DC offers,” concluded DiRuggiero.

UrbanLand Company Home Buyer Workshops have produced $19.3 million in purchased homes since 2014 for DC and Maryland residents, many of which are $0 Down or low down payment loans. To find out next Workshop dates, RSVP here. Workshops are FREE of charge and are held at 913 Florida Ave. NW. near the U Street METRO.

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

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