Kim Darwaza Northern Virginia Real Estate

Effective April 5th, 2010 Increased Upfront Premiums : Effective for FHA loans for which the case number is assigned on or after April 5, 2010, FHA will collect an upfront mortgage insurance premium of 2.25 percent from 1.75%. This policy change will increase premiums for purchase money and refinance transactions, including FHA-to-FHA ...

The nation’s wealthiest counties are all suburban retreats outside of large cities, according to an analysis by Forbes magazine. The data comes from the U.S. Census Bureau, which examines the average incomes in 1,889 counties. Of the top 25, 19 of these counties are on the East Coast – just outside of New York City, Washington, ...

Well, it was predicted that FHA was going to make some changes and they were just announced today.  These are the changes that buyers need to knnow about"   *  Upfront MIP raised to 2.25% from 1.75%.  This will be effective in the Spring on case assignments and the date is not known yet.  Once I know, you will ...

HUD announced that they will allow purchasers using FHA loans to buy properties that have been owned less than 90 days by the sellers.  This should help homebuyer's to secure homes that they have been unable to make offers on.  Since a lot of flipping is going on in the Nothern Virginia Real Estate market there are ...

Congratulations to all of those Allegiance members that chose to donate money to Children’s Miracle Network in 2009. We raised $173,572 for sick children in our markets, shattering our previous record and predicted to be more money raised than the previous ten years – combined! As an agent with RE/MAX Allegiance I personally donate a ...

Loudoun County, VA: The intersection of Waxpool Road at Loudoun County Parkway in Ashburn, Virginia remains atop the list for the most crash prone intersection in Loudoun County for 2009.   Waxpool Road at Loudoun County Parkway saw 84 crashes in 2009 and was also the most crash prone intersection in 2008 with 86 crashes. The intersection ...

2009: It’s a Wrap Source: NVAR - www.nvar.com For those selling homes this past December in Northern Virginia, the average sale price was up a smidge more than 12 percent over December 2008 numbers. And for our Greater Northern Virginia region, which extends west and north of Fairfax County, average home prices spiked more than 18 ...

One of the first questions that I always get from potential short sale listing clients is, "Will I have to Carry a Deficiency Note?".  Generally it has varied from bank to bank and deficiency to deficiency.  The good news for sellers is that because of the Obama Stimulus Plan you at least will not have to pay taxes on the ...

The U.S. Treasury Department's long-awaited guidelines to streamline Short Sales, announced Monday, will have a significant impact on families facing foreclosure, according to RE/MAX International Chairman and Co-Founder Dave Liniger. The Home Affordable Foreclosure Alternatives Program (HAFA), part of the Home Affordable Modification Program ...

The nice thing about living in Northern Virginia is that we have all of the ammenities, and shopping of a major city being so close to Washington, DC.  Yet at the same time we can drive 30-45 minutes and be in beautiful farm land.  Every year since I was little we had a tradition of driving out west to cut down the family Christmas ...