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If you meet one or more of their requirements, you may be eligible for a home-buying loan from Veterans Affairs (VA). If so, there are two factors that can help get you closer to financing your new home with a VA loan.

• The VA recently increased loan limits and removed state- and county-specific restrictions.
• The Capital Park Team website features an advanced search filter for ‘VA Approved Condos Only.’

Some VA approved condos you should definitely know about are Chase Point in Friendship Heights, Residences at CityCenter in Chinatown, and Union Row in U Street. Because VA home loans are often easier to acquire for veterans and/or their families than conventional loans, the VA takes extra care to ensure the viability of the homes they…

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…

Visit Alexandria

Let’s say you want to live in the DC Metro Area, but not right in the district, and you want to live somewhere super classy with reasonable cost of living. You’ll want to consider moving to Alexandria VA for sure. As the southernmost destination of the Metro, Alexandria seems to be the perfect distance from the big city—close enough to keep you in the loop and plenty far for escaping the constant hustle.

Two brand new developments have cropped up to support the relaxing lifestyle that those moving to Alexandria are after: Cameron Park and Robinson Landing. Both combine townhomes and condos and feature green and waterfront landscapes respectively. Alexandria VA is a proper city with a small-town vibe, yet it has the scope to support…

1.  How much can I borrow to buy a home?
When determining how much you can borrow, lenders may consider your income level compared with debt, your employment status and your credit history. Talk to a lender about getting prequalified for a mortgage before you start shopping for your new home. This can make the whole experience go more smoothly.
Military veterans and first-time homebuyers may be eligible for special government-sponsored mortgage programs. Ask your lender what you might qualify for.

2.  How much money do I need to put down?
To get the best rate and terms for your loan, try to put down at least 20 percent of the purchase price. Although a lower down payment won’t necessarily disqualify you, there is a chance that a monthly private mortgage…

The big news for Arlington, VA is that the e-commerce colossus, Amazon, has chosen this Washington DC suburb to host its east coast headquarters. More accurately, the enormous project known as Amazon HQ2 has been divided into two parts--one to be run out of Arlington, VA and the other to be run out of the Long Island City neighborhood of Queens, NY. Officially, the Northern Virginia HQ2 will be part of what has now been branded National Landing: a sort of Franken-hood comprised of Crystal City as well as parts of Pentagon City and Alexandria’s Potomac Yard.

Not only is Arlington County prime for Amazon, boasting--perhaps for the first time ever--a 20% vacancy rate with regard to commercial real estate. JBG…

One would think that a home in Georgetown would pretty much sell itself. False. However, the amount of work you put into selling your Georgetown home will pay serious dividends. When deciding how best to concentrate your efforts, there are a few very important things to remember:

1. Buyers who know they’ll be spending a lot of money will be extremely judicious and want to make sure they’re getting the best combination of property and location that they can for the price.

2. There are a lot of houses and condos to choose from. Tons.

What To Do About It

Before you even think about how best to market your house, start looking for a realtor. It’s completely worth the cost and should save you a ton of effort and headache. When…

This tool assists buyers looking for condos where the Veterans Administration loan is accepted in the District of Columbia, Arlington, Alexandria, Chevy Chase, Bethesda, and Silver Spring.

In addition to the VA Approved Condo filter, condo search results can be narrowed even further by using any combination of the other 10 filter options in Capital Park Realty's Advanced Search Tool. For example, if a veteran is looking for a condo where the VA loan is accepted in either Chevy Chase, Capitol Hill, or Georgetown, now there’s a place to go and find condos matching their exact criteria with a few clicks of a button.

Interested in any of the properties above or would like a separate investors list? Contact us today!

Early drafts of the Tax Cuts and Jobs Act slashed many of the tax incentives for homeownership. For generations of American families, owning a home has been a cornerstone of economic stability and wealth creation. During the tax bill revision process, the key question the National Association of Realtors lobbyists pushed lawmakers on was, “Do we want a country of renters or a do we want a country where people own their own home?”

Most of the changes to the tax law changes relating to DMV real estate market were either very incremental or left unchanged. The mortgage interest deduction is still allowed, except the new cap is $750K instead of $1 million. Real estate investors still retain investment deductions. The capital gains tax exclusion remains…

Interested in any of the properties above or would like a separate investors list? Contact us today!