Frequently Asked Questions

We are licensed in D.C., Maryland and Virginia, serving  clients throughout the DMV area.

Yes, we offer virtual tours of properties for clients who are unable to visit in person.  Clients must be pre-approved with a lender and already in a buyer's agency agreement with us.  

Unfortunately, there is no direct answer to this question, as it depends on a lot of things.  Overall, the main two factors that determine whether its a good time for you to buy is your objective and your financial situation.

When buying a house, buyers typically need money for the downpayment and closing costs.  These costs vary, depending on the purchase price of the home and the loan program that the buyer is using.  Downpayments may range from zero to 20% of the purchase price, and closing costs usually range from 3 to 6%.  The higher the purchase price, the higher these costs will be. 

When determining how much you'll qualify for, lenders use your debt to income ratio.  They get this number by comparing all of the monthly debt on your credit report, with your monthly income. Then, they will decide how much you can afford.

Homebuyers may qualify with a credit score as low as 500 in certain situations.  Obviously, this is not ideal, as the higher your credit score , the better the terms of the loan will be.