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Mortgage and Lending - American Financial Network - NMLS #196099
Timely and relevant information about obtaining a mortgage, credit scores, FHA, VA, and No Down Payment Loans in the DC Metro area.
RECENT BLOG POSTS
FHA home loans are great for first time buyers who don't have a 20% down payment for a conventional loan. Pretend for a moment that you wish to buy a home priced at $450,000 and you're the lucky winner of the multiple bids on the house.A 20% down payment for a convential loan would be $90,000 dow...
10/23/2020
Call Markita now to start the pre-approval process: 703-929-2274.
10/23/2020
October 22, 2020The maximum VA loan for veterans to buy with no down payment was $625,500 last year. This year, the Veterans Administration blew the minds of everyon in the mortgage business when they removed the cap, and said the VA will guarantee any loan, of any amount, and require no money do...
10/21/2020
A few weeks ago on a Sunday afternoon I recieved a phone call from one of my real estate agent friends (yes I answered the phone on Sunday). His buyer had been pre-approved by a different mortgage lender but the lender had failed to explain to his client the difference between down payment and cl...
12/19/2015
You have heard it all - now is the time to buy, rates are low, the cost of waiting, etc. The biggest reason I agree with buying now versus later is simply because you are ready to buy a home!Over the next five years a renter paying $2,000 per month will have paid $120,000 towards housing assuming...
10/19/2015
The Thomas' were told they could not be approved for their VA Home Loan due to a past short sale on credit.They  had shopped relentlessly for two months for their dream home.  Then bingo, one Saturday afternoon, they found the perfect home for their scenerio.  They wrote an offer,  the offer was ...
10/11/2015
I am sure when you think of Million Dollar Homes a veteran home loan does not come to mind...It certaintly didn't for a couple looking to secure a property in Fairfax, Virgina where million dollar homes are common. Their credit union didn't think of a va home loan as a feasible option either.Luck...
09/22/2015
Lorena found me on the web at my site www.queenofmortgages.com (feel free to check it out). She was looking for a woodbridge mortgage lender to help her and her fiance buy her their first home using first time buyer programs. We spoke a few times by phone and met in person to discuss our simple f...
09/14/2015
This weekend I posted on Facebook about “free” money for a down payment and closing costs when buying a home in Virginia. One person was not to pleased with my use of the word FREE. Here is a screenshot of his comment: I was not surprised about how he felt. Personally I don't believe in "freebies...
09/06/2015
So by now you have heard about the drop in annual mortgage insurance premiums for FHA loans from 1.35% monthly to .85%monthly premium when using the three and half percent minimum down payment for FHA loans . First let's get this out the way, in my opinion, homeowners with current FHA loans may b...
01/12/2015
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Markita Woods NMLS#196099

Queen of Mortgages - FHA, VA, Conventional, USDA
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