Wednesday, December 21, 2016

Military Pay Increase 2017 BAH and basic pay VA loan buyers

If you want to know what changes have been approved for Military Families for 2017. Pay attention to the base pay and basic allowance for housing changes.  
On December 8, 2016, the full Senate passed the final conference report for the 2017 National Defense Authorization Act by a vote of 92 to 7. The bill will now move to President Obama for final signature. If approved by the President, the 2.1 percent pay raise for 2017 will become effective January 1, 2017.
Military pay will see a 2.1 percent increase for 2017, compared to 2016 levels. The military pay tables below apply to active members of the Navy, Marines, Army, Air Force, and Coast Guard.
The calculator above (and related tables below) reflect 2017 monthly pay based on the 2.1 percent pay raise, which is effective as of January 1, 2017. This pay increase will be reflected in the January 15 paycheck.
The 2017 Basic Allowance for Housing (BAH) rate has increased on average by 2.4% or approximately $41 per month, according to a Defense Department news release. The new BAH rates will take effect on January 1, 2017 and service members will see their first increase on their January 15th pay.  The overall rates are based on area- areas such as Washington DC and Northern VA will have a higher allowance than areas in Hampton Roads and Virginia Beach. To find your area go to http://www.militaryrates.com/military-pay-charts,  But the litlle increase can still help those thinking of using their VA home loan benefit.
also BAH Update 12/11/16: Congress has agreed to not reduce the Basic Allowance for Housing benefits for new entrants beginning in 2018. The language originally called for only covering what service members actually pay in rent.  
by DMVRealEstateChick.com

Wednesday, December 7, 2016

DMV Buy a new home before SuperBowl Sunday DC MD VA

Do you love to entertain?
Your own new house with a home theater system, big screen, and surround sound would be great on Super Bowl Sunday.
Make it happen for next year call me to buy your dream home in DC, MD or Northern VA!
Lets get started now schedule an appointment to discuss it start here click. 
then search here GreatDCMetroHomes.com

Wednesday, October 26, 2016

Free Home Buying Class For Northern VA Homebuyers




Saturday November 5th, 2016     9am to 4pm
Certificate given upon completion 
Location: 7987 Ashton Ave
Manassas VA 20109
Come learn about the buying process from beginning to end ad get valuable information and answer to your questions on credit, loans, finance, and real estate contracts
If you are serious about buying a home in 2016 then this class is designed for you. Find out how to get preapproved to buy, how to make an offer, loan info, credit help, downpayment assistance, and what to expect in the closing process. This class meets VHDA, FHA, Community, and many first time buyer education program requirements.
 go to Email Today to RSVP, leave name and phone number and number of guest. email 
djoneshomes@gmail.com

Friday, October 21, 2016

Monday, May 2, 2016

Northern VA Free Home Buying Class for home buyers

FREE Home buying Education Classes for first time home buyers in Northern Virginia!!!!!!!! 
Tues & Wed May 17th&18th 6-9pm
note: This is a 2 night class and you must attend both nights to receive a home ownership education/ VHDA certificate of completion required for some loans.
Location: 10629 Crestwood Dr Manassas VA 20109
Sponsored By Home Buyers Marketing II, Inc, McLean Mortgage & Secure Home Inspections
Come learn about the buying process from beginning to end. There will be a loan officer, a real estate agent, and a home inspector, on hand to give you valuable information and answer your questions on credit, loans, finance, and real estate contracts
If you are serious about buying a home in 2016 then this class is designed for you. Find out how to get preapproved to buy, how to make an offer, and what to expect in the closing process. This class meets VHDA, Sparc, Community, and many first time buyer program requirements.

Email Today to RSVP, leave name and phone number and number of guest. email 
djoneshomes@gmail.com  GreatDCMetroHomes.org

Open to:
Manassas, Fairfax, Manassas Park, Woodbridge, Gainesville, Bristow, Chantilly, Warrenton, Springfield, Lorton, Chantilly, Arlington, Alexandria, Oakton, Annandale, Nokesville Dale City, Dumfries, Haymarket, Marshall, Bealeton, Falls Church, Sterling, Ashburn, Leesburg, Catlett and other  Northern Virginia Home Buyers

Monday, April 18, 2016

FHA VA and CONv Loan Update Changes DMV Home Buyers Should Know

Rules and Guidelines for Home Buying are always constantly changing.  Here are a few changes you need to know in 2016, DC, MD, and Northern VA Home buyers, buying with FHA, VA or Conv Loans 
FHA Loan Update                            20160415_084515

Has released new rules on how they will count deferred qualifying student loan payments, at the end of 2015 they tightened standards after a lot of complaints they have reduced levels. If you are a client that was previously denied a FHA mortgage due to deferred student loan debt, it may be time for you to reconnect with a lender to get re-pre qualified,

If you have a pq letter you may want to have your lender redo it - it may and can change your qualifying amount, this is for mostly deferred loans, reduces outstanding loan balance requirement from 2% to 1%, but can make a difference.

    
VA Loan Update
va
VA loan

There are new rules on how Veterans, Active Duty, and Govt Employees can have 2 (TWO) VA loans at one time, Call me for details this mostly only works well for relocating from a smaller house to a larger home for primary residence and preferably more than 50 miles away.  A lender would need to pull your current COE- Certificate of Eligibility and Debt to income ratio - to see what you would qualify to buy.




Conventional Loans Update housemoney

George Mason Mortgage and McLean Mortgage are two of the lenders now offering 3% Conventional loans guidelines (there are a few others)
First time buyers only or for those who have not purchased in 3 years,
Preferably no previous bankruptcy or foreclosure at all
No max income requirement like VHDA and Down Payment assistance loans for DC and MD
Minimum credit score 620
Must be primary home not for investment
No mortgage insurance, payment should be cheaper than fha
3% down, must be own funds can not be credited or gift.

The season will be busy this year so having a pre-qualification  and the a pre-approval will be vital for a successful home buying process in DC, MD, and VA.qualify

For more info on these programs and to start your pre-qualification process contact DeAndrea DeeDee Jones at djoneshomes@gmail.com or thru GreatDCMetroHomes.com.

Home Buyers Marketing II, Inc a DC, MD, VA Real Estate Brokerage Company. NOVA, DMV


Tuesday, March 1, 2016

Free Home Buying Class Northern VA for first time home buyers and repeat buyers plus down payment assistance info

FREE Home buying Education Classes for first time home buyers in Northern Virginia!!!!!!!!
Tues & Wed March 15th & 16th, 2016 6-9pm
note: This is a 2 night class and you must
attend both nights to receive a VHDA certificate
of completion required for some loans. 
Location:
10629 Crestwood Dr Manassas VA 20109
Sponsored By Home Buyers Marketing II, Inc, McLean Mortgage & Secure Home Inspections
Come learn about the buying process from beginning to end and get info on down-payment assistance programs. There will be a loan officer, a real estate agent, and a home inspector, on hand to give you valuable information and answer your questions on credit, loans, finance, and real estate contracts
If you are serious about buying a home in 2016 then this class is designed for you. Find out how to get pre-approved to buy, how to make an offer, and what to expect in the closing process. This class meets VHDA, Sparc, Community, and many first time buyer program requirements.
Call, text, or email TODAY to RSVP, leave name and phone number and number of guest.
Must RSVP to Dee Dee Jones 703-596-5884 call, text, or email djoneshomes@gmail.com