How to purchase a home without 20% down!

Are you holding off buying a home because you don’t have 20% down payment saved?! Would you like to buy, but not sure if your credit score or income will limit what you can afford? Good news! There are many options available for you.

While having 20% down with a 800 credit score is very desirable, many people could qualify to buy their own homes. You just need to know your options and talk to the right lender to see what is possible for your situation! Here are the different type of loan options to consider when buying a home:

VA Loans

  • 0% down
  • No mortgage insurance
  • No upfront fees
  • Available to current or former military
  • Subject to VA inspection/underwriting

FHA Loans

  • 3.5% down
  • 1.5% Upfront mortgage insurance ( can be wrapped into loan)
  • Available to most buyers with credit scores 579+
  • Subject to FHA inspection/underwriting

USDA Home Purchase

  • 0% down
  • 1% Upfront mortgage insurance (can be wrapped into loan)
  • Available to most buyers with credit scores 640+
  • Subject to location and income requirements
  • Home Buyer class required for loan approval

Home Ready/Home Possible

  • 3% down
  • 3% Upfront mortgage insurance ( can be wrapped into loan)
  • Available to most buyers with credit scores 579+
  • Subject to  income requirements
  • All the down payment and closing costs can come from a down payment gift.

Conventional 97

  • 3% down
  • PMI required for loans with less than 20%
  • 680+ credit scores with 75% LTV
  • Not subject to  income requirements

Low Downpayment Lenders

  • 5% down
  • PMI required for loans with less than 20%
  • 680+ credit scores
  • Not subject to  income requirements
  • Submit to conforming loan limits

Determining the best financing option also depends on your current market, the terms of your offer and strength of your lender! Using a local bank, versus a large corporation or internet lender will help your contract be competitive and also ensure that you will make it to settlement.

If you are curious about downpayment options and picking the best program and lender for you, contact us at admin@wethmangroup.com!

 

 

Share

JUST LISTED & OPEN HOUSE 6912 Sharpsburg Dr

The fall real estate market is still going strong! Excited for our client, who just listed her gorgeous home out in Centreville. This home in located in Hanna Estates and sales have ranged from $530K up to $623K for single family homes. Properties on the lower end of sales are smaller, with less updates. Properties at the higher end are nicely updated with gourmet kitchens, renovated bathrooms, and floor plans wth over 3200 sq ft!

Details on our listing:

Stately 4 bedroom 3.5 bath colonial with over 3200 sq ft of living space!
Light filled two story foyer greets you at the front door.
Formal dining room and living room, with gleaming floors with plenty of space to entertain.
Open kitchen with updated cabinets, granite counters, stainless appliances, ceramic tile and an island. Space for eat-in table with access to the screened-in deck.
Inviting family room off the kitchen with a gas fireplace.
Enviable master suite with high ceilings, space for sitting area, large walk-in closet and large master bath with soaking tub separate shower and large vanity.
Spacious bedrooms with plenty of closet space and a hall bathroom complete with tub/shower and large vanity.
Lower level features large rec room area, full bathroom and expansive storage and utility room.
Relaxing screened-in deck, with access to deck and fenced backyard.

Open House this Sunday 12-2pm!

This slideshow requires JavaScript.

Email admin@wethmangroup.com for a private showing or more information.

Share

JUST LISTED: 3625 10th St N #104

Stunning 2BR/2.5BA + 1 den at The Monroe!
Rarely available, light-filled unit with 11ft ceilings, large windows, custom light fixtures, crown molding, and gleaming hardwood floors.
This unit features over 1600 sq ft, with an open floor plan and lives like a home!
Gourmet kitchen with granite counters, custom backsplash, stainless appliances, island & open to dining/living area. Perfect for entertaining!
Den with closet off living area could be used as 3rd bedroom.
Expansive master bedroom w/large walk-in closet, 2nd closet & ensuite bath with double sinks, soaking tub & tiled shower.
Sizable second bedroom, across from master, with attached bath and large closet.
Half bathroom off the hallway, and spacious laundry room (with full-size W/D) and room for storage!
This unit features updates throughout, and has been impeccably maintained!
Garage parking & storage included.
Building amenities include secured entry with concierge in the lobby, community room, exercise room, courtyard area and roof terrace with city views.
Convenient first-floor access with separate entrance to N Monroe St.
Unbeatable location, just a block to VA Square/GMU Metro, Quincy Park, and plenty of restaurants & retail!

Units at The Monroe have sold from $660K up to $950K depending on size and upgrades. The larger units with over 1700 sq ft sell for $800K and above. Given the size, upgrades, and location of our unit, we have listed for $850K.

This slideshow requires JavaScript.

Contact us for a private showing or more details!

Share

Just Listed: 2860 Cherry Branch Ln Oakhill, VA

World Class Luxury

-Impeccably maintained “Williamsburg”‘ model in desirable Middleton Farm community. This home features 5 bedrooms, 4.5 baths, with over 6000 square feet of living space on all three levels.
-A beautifully manicured lawn, leads to the front door, with a two-story foyer. Custom ceramic tiles in the entryway and through the foyer, and family room.
-Elegant Living Room off foyer with wainscoting, hardwood floors and double crown molding.
-Formal Dining room adjacent to the kitchen that accommodates a large table for 12+ people.
-Renovated Kitchen with custom cabinets & built-ins, granite counters & backsplash, stainless steel appliances, island and chefs range. Space for an eat-in dining area, and looks out into the sunroom and relaxing views of the backyard.
-Powder room off the hallway with custom sink, vanity and tiled walls
-Laundry room on the main level with access to the backyard.
-Family room with stately stone fireplace, tile floor, and cathedral ceiling. Separate office/study on the first floor could be 6th bedroom.
-Enviable master suite with hardwood floors, features a separate sitting area, recessed lighting, and wainscoting. Master bedroom with tray ceiling, expansive master dressing room with built-in cabinetry, and en-suite bathroom with double vanities, soaking tub, and custom, tiled shower.
-2nd bedroom with carpet, en-suite full bathroom, and closet.
-3rd and 4th bedrooms across the hall with Jack/Jill bathroom, with double sinks and shower/tub combo.
-Expansive lower level boasts over 2000 sq ft of living space, complete with a 5th bedroom, recreation/billiards area, theater room, home gym, and workshop/unfinished room.
-Perfect for movie lovers, this home theater has stadium seating, large projector screen, 7.1 surround sound system, built-ins, and a Murphy bed. Sink/ bar area outside the theater with small fridge/counter for popcorn and snacks.
-Home gym with custom built-ins and recessed lighting. Room for a den/5th bedroom, and workshop area. Walk up from the basement to rear yard/patio area.
-Large deck off sunroom complete with hot tub, grilling area and view of serene backyard!
-Oversized garage, with separate mud room and storage.
-Ideal location, with quick access to Routes: 28, 267, 66 and Fairfax County Parkway. Minutes to Reston Town Center, Dulles Airport, and Silver line Metro to Tysons/McLean and Downtown Washington, DC.
-Highly ranked school pyramid: Floris Elementary, Carson Middle School, and Westfield High school.

Properties in Middleton Farm are rare, but homes in the past several years have sold from $730K up to $970K, depending on the size and upgrades in the home. Most larger homes with 4000 sq ft+, have sold for $850K and above. This home has been upgraded top to bottom with custom finishes and is listed for $1,035,000.

Contact us for a private showing!

Share

COMING SOON! 11814 Great Owl Circle

11814 Great Owl Cir Reston VA-MLS_Size-006-49-Front Exterior-2048x1536-72dpi

COMING SOON- RESTON, VA!

Stunning 4 bedroom, 3.5 bath townhouse in desirable Reston neighborhood!
Gleaming hardwood floors on main level, upper level and loft.
Updated kitchen with granite counters, newer cabinets, stainless steel appliances, complete with bay window and eat- in space.
Inviting living and dining area with plenty of natural light.
Upper level features 3 bedrooms, 2 full baths and a loft.
Enviable master bedroom with vaulted ceilings and en-suite master bath with shower and separate tub.
Loft with hardwood floors, skylight and ceiling fan and can be used as an office, den or library.
Spacious lower level with walkout to yard, complete with large bedroom, full bathroom and space for recreation room!
Townhouse is in impeccable condition and is turn key!

11814 Great Owl Cir Reston VA-MLS_Size-019-2-Living Room-2048x1536-72dpi (1)

11814 Great Owl Cir Reston VA-MLS_Size-015-25-Dining-2048x1536-72dpi

11814 Great Owl Cir Reston VA-MLS_Size-025-4-Kitchen-2048x1536-72dpi (1)

Email admin@wethmangroup.com for a private showing or more information

Share

JUST LISTED: 3811 Whitman Rd

New on the market: our stunning listing at 3811 Whitman Rd in Annandale, VA! This home is located in the desirable Winterset neighborhood and has been meticulously maintained.

whitman 1

This home features 4 bedrooms, 3.5 bath colonial home with one car carport.
-Beautifully renovated home in the wonderful Winterset community!
-Gleaming hardwoods on main and upper levels.
-Remodeled kitchen with beveled-edge granite counters, stainless steel appliances, cherry cabinets w/ pullouts & soft catch doors
-Cozy family room with remote controlled gas fireplace and a brick accent wall
-4 bedrooms on upper level including the master suite with a remodeled master bathroom showcasing a new tile shower, rainfall showerhead, new vanity & Delta touch faucets!
-Exercise room on lower level along with a large storage room equipped with workbenches and ample builtin shelving
-Lower level fully equipped with a projector & screen, wet bar with a mini-fridge; even connect the recessed smart lighting to your Amazon Echo!
-Fully-fenced private backyard with a six-foot fence and a gas fire pit

Homes in Winterset have sold from mid $600K’s up to $850K depending on the size, location and upgrades. The most recent sale sold for $850K, but had been completely gutted top to bottom, and was essentially a brand new home.

3811 Whitman Rd is listed for $750,000.

Email admin@wethmangroup.com for a private showing or more information.

Share

Just Listed: 9907 Natick Rd

Excited to share this lovely new home in Burke Centre! New on the market this week, 9907 Natick Rd is a well maintained four bedrooms, 3.5 bath single family home in the sought after Woods cluster. Open House will be held on Sunday 4/15 from 2-4pm!

9907 Natick Rd Burke VA 22015-MLS_Size-002-19-Exterior Front-2048x1536-72dpi
This stately home offers over 2600 sq ft of living space on the main & upper level.
Formal living and dining rooms with crown molding and plenty of natural light!
Updated kitchen with granite counters, newer appliances & cabinets. Island, and additional cabinets and built-ins for extra storage space.
Separate laundry/mud room off kitchen with quick access to the backyard.
Inviting family room off kitchen with huge brick fireplace and sliding glass doors to deck and fenced yard.
The upper level features four spacious bedrooms and two full bathrooms.
Serene master bedroom with walk-in closet, and separate sitting area, that can also be made into a 5th bedroom. Ensuite master bath with two updated vanities and shower/tub combo. Spacious bedrooms with ample closet space!
Lower level features fully finished basement with rec reaction/media area, bonus craft/hobby room, full bathroom with standing shower and storage and utility room.
Relaxing patio with treed view and low maintenance yard!
This home has been impeccably maintained, and is move-in ready!


Community Amenities:
Ideal location in the “Woods” cluster of Burke Centre. Access to jog/walking paths, tot lots, and community pools.
Minutes to nearby shopping restaurants and retail.
Ideal for commuters! Just minutes to the VRE train to downtown DC, with bus stops to the Pentagon Metro and a short distance to 495 and Fairfax County Parkway!

Homes in Burke Centre vary in price fro, $400K-$750K depending on the size, location and upgrades. The “Woods” is the newest cluster in Burke Centre, and the homes in this section are larger, and on bigger lots. Homes off Natick Rd had recently sold for $600-$699K. Ones on the lower end had had unfinished basements and less updates. 9907 Natick Rd is listed for $675K.

Contact us for a private showing!

Share

JUST LISTED & OPEN HOUSE! 414 Queen S, Alexandria VA

28954322_10155706413136633_162154697112026122_o (1)

We’re excited to share our newest listing in Old Town Alexandria! This home is just two minutes to King St and to the waterfront and with historic charm and modern updates. We’ll be holding it open this Sunday 3/25 from 1-3pm.

Check out details below:
-Historic 3BR, 1.5BA end unit townhome! Quiet location on Queen St.
-Open floor-plan on main level, with formal living room with built-ins, and dining area.
-Gleaming original hardwood floors on main and upper level. Renovated kitchen with granite counters, new cabinets, flooring, and stainless steel appliances.
-Three bedrooms on upper level with ceiling fans and lots of natural light. Upper bath with updated tile flooring, new vanity, fresh paint & modern light fixture.
-Basement storage area, with trap door access behind main level stairs. Elfa shelving conveys!
-Outdoor HVAC unit replaced in 2014, compressor inside basement replaced in 2005. Roof replaced in 2002, hot water heater replaced in 2016.
-Ideal location in Old Town: 2 blocks to King St and waterfront, with plenty of parks, restaurants and shopping! Famers Market & Old Town Square, right around the corner. Mins to metro (King St or Braddock), with a nearby bus route. Nearby grocery stores: Harris Teeter, Trader Joes, Whole Foods and Giant. Perfect for commuters: quick access to Downtown DC, Crystal City, The Pentagon and National Harbor.
28701618_10155706413251633_8048331369862461785_o

28827947_10155706413356633_3986870601877001098_o

Home sales in Old Town range depending on size, updates and most importantly location! Properties that are historic and closer to King St and the waterfront demand a premium, compared to homes closer to Route 1, and north and south of King St.
Home values have ranged from $599-$899K, with the lower end having 800+/- sq ft and the larger homes having full 3 levels and over 1800 sq ft of living space.

Our home at 414 Queen St is listed for $749,900.

Email admin@wethmangroup.com for a private showing or more information.

Share

JUST LISTED: 1414 Belmont Rd NW #102 Washington DC

This slideshow requires JavaScript.

The spring market is here, and we’re excited about our newest listing in DC! This modern condo is located at 1414 Belmont Rd N at the Solea in bustling Columbia Height neighborhood.

Details on the unit:
A spacious studio that lives like a one bedroom!
The unit features 670 sq feet of living space, 12 ft ceilings, gleaming wide plank, bamboo hardwood floors and fresh paint throughout.
Ideal layout with plenty of space for a bedroom and living area.
Updated kitchen with granite countertops and newer cabinets.
Spacious foyer perfect for an office nook.
Walk-in closet with custom shelving.
Expansive bathroom with large vanity, shower/tub, and tiled floor. Stacked washer and dryer in unit.
The front door opens to a private and secured courtyard with outdoor furniture.
Reserved parking spot, just steps from your front door.
The building was built in 2008, is pet-friendly, and offers a low condo fee.
Ideal location, just 1 Block to Meridian Hill Park- 4 blocks to Metro- Mins to 14th St, U St, and Columbia Heights!
Plenty of retail & restaurants nearby: Busboys & Poets Kapnos, Provision no 14, Marvin, Policy and more!

This unit is unique because it’s almost twice the size of other studios and features convenient access right off the private courtyard. Other studios in the building have sold for $280K-$330K, depending on their size and updated. One bedroom units in the building have sold for $390K-$420K, depending on their size and amenities.

This unit is being listed for $389,900. Please contact us for a private showing!

Share

SOLD: 1701 16th St NW Washington DC

1701 16th St NW 822 Washington-MLS_Size-001-40-Exterior-2048x1536-72dpi

Congrats to our client for selling her one bedroom coop in DC!

Spacious and bright top floor 1 bedroom unit located in the historic Chastleton in Dupont Circle!
Completely updated and move in ready.
Open floor plan with high ceilings, separate office nook, kitchen with granite counters and stainless steel appliances, plus custom closets, crown molding, new windows.
Hardwood floors throughout.
Large bedroom with plenty of closet space.
Washer and dryer in unit!
Surround sound speakers, receiver, and 2 flat screen TVs convey.
Building amenities include a 24-hour front desk with an onsite manager, fitness center, bike storage, ballroom, common courtyard with a grill, and a breathtaking rooftop terrace.
Rental storage and rental parking usually available.
Monthly co-op fee includes property taxes, building maintenance, plus cable with HBO, high-speed internet, trash removal, heat, and water. Owner pays only electric!
One of the most sought-after locations in DC! Located just minutes from Dupont Circle Metro, Trader Joe’s, Whole Foods, Ted’s Bulletin, El Centro, & lots more!
Other units in The Chastleton have sold for $194K up to $618K depending on size, updates and number of bedrooms & baths. Most one bedroom and one bath units in 2017 sold for between $269k and $425K. Our unit was a larger one bedroom with 712 sq ft and sold for $389K.
If you have questions about the DC market or pricing for your home, please contact us for a free consultation!
Share