Kim Darwaza Northern Virginia Real Estate

The Friday Brief Congress Increases the Ceiling on Size of Mortgages Wall Street Journal (11/18/11) P. A6 Zibel, Alan Capitol Hill legislators on Nov. 17 took aim at raising the maximum size of home loans that can be guaranteed by the FHA. Lawmakers passed a broad spending bill that contained a provision to restore to $729,750 the ceiling on ...

This is critical to the Northern Virginia Real Estate market.  I have really been concerned about how the decrease in the loan limits would affect our market place.  On Oct. 1, these elevated limits dropped to $625,500 from $729,750 in the most expensive neighborhoods (ie all of Northern Virginia). In each area, the cap dropped to 115% ...

A friend of mine that works at Freddie Mac sent me an email with the following useful information.  It has great information on when it is worth while to refinance even if you are not in trouble but just want to reduce your rate.  I think the hardest qualification for a lot of people is the LTV not exceeding 105%.  Also, if you ...

The 200-400k price range inside and around the beltway is still very hot right now.  There was a property that came on the market Monday night in Burke.  I showed it Tuesday afternoon around 3:30 and there were two other agents showing the property when I was there.  I called the agent around 5 pm and there were already 4 contracts ...

Now that the conforming loan limits are over $700k in Northern Virginia it is a great time to move-up.  The $8k first time homebuyer credit stimulated the $200-400k price range in the close in suburbs of DC.  The window for low pricing is definitely closing and multiple contract situations are common.  I am hoping that the change in ...

New loan limits for "conforming plus" loans are in effect as of today.  The loan limit varies by county, but in DC and contiguous counties the limit is now $729,750.·          On primary residences, banks can lend up to 90% LTV with 700+ credit score for a purchase or ...