Starting January 2020, the maximum loan limit will be $1,500,000 across the country (no longer State or County specific). *Borrowers with partial VA Eligibility will want to review the amount they can purchase with no money down with a licensed lender*
What does this mean? The Funding Fee amounts for VA Purchase and Refinance transactions will increase for loans closing on or after January 1, 2020. The table below outlines these changes:
This is a great opportunity for our Veterans to purchase with no money down without county to county loan amount caps!
Virginia, Maryland, and Washington DC have considerably high veteran populations, both in terms of percentage and sheer number. That said, condominium boards and HOAs are wise to seek
That’s right--the year 2020 is here! Although we’re not all riding around on hoverboards, these are still very exciting times! In a real estate market as hot as the DMV, there are still plenty of great purchase opportunities. Based on recent trends, new development plans throughout the area, and 40+ years of combined experience selling homes in the DMV, here is our 2020 vision of neighborhoods to keep an eye on over the next 12 months!
Situated in northern Alexandria between Del Ray, Potomac Yard, and Arlandria, Warwick Village should be high up on your list. Originally conceived as rental community of over 600 townhomes, this neighborhood was developed to help house the DC area population boom of the 1940s and eventually sold
Compass is a licensed real estate brokerage that abides by Equal Housing Opportunity laws. Information is compiled from sources deemed reliable but is not guaranteed. All measurements and square footages are approximate. This is not intended to solicit property already listed. Compass is licensed as Compass Real Estate in DC and as Compass in Virginia and Maryland. 1313 14th Street NW, Washington, DC 20005 | 202.386.6330