Articles Real Estate

FHA vrs. Cash close in DC

David Charron, with MRIS, writes an insightful op-ed for The Washington Post titled, “FHA is on the rise in the D.C. – area housing market.”  Here, the columnist shares his thoughts on #CashClosing and also recommends  #FHAloans as the #1 pick for #NewHomeBuyers.  He writes,

“An FHA loan, provided only by FHA-approved lenders, is a loan that is insured by the Federal Housing Administration, reducing risk for loan providers should the borrower default on mortgage payments. With maximum loan values in place, these loans are popular with first-time home buyers and often do not apply to higher-end housing.”

https://www.washingtonpost.com/news/where-we-live/wp/2015/11/30/fha-is-on-the-rise-in-the-d-c-area-housing-market/

Luke McKinley delivers in-depth, local knowledge regarding NW Washington neighborhoods. Luke is proficient in relative-valuation and formerly worked as a strategist for an advertising firm in Santa Monica. If you wish to learn more about your home's worth, please call or email to schedule a free real estate consultation today. You may also visit Luke Buchanan's blog or Facebook, to find additional information that may further guide your real estate decisions. Hobbies include: golf, grilling, image editing, photography, running, skiing, tennis, travel and yoga

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