McCrimmon Home Team Washington DC and Prince Georges County Real Estate Report

Feb. 7, 2017

Maryland Energy Star Appliances Free Tax Weekend February 18 to February 20, 2017

Maryland Energy Star Appliances Free Tax Weekend February 18 to February 20, 2017

Beginning February 18, 2017 at 12:01 a.m. and ending on February 20, 2017 11:59 p.m. ; Maryland Residents will be able to take advantage of free sales tax on qualifying energy star appliances.

 

 

  • Washer
  • Dryer
  • Furnaces
  • Air Conditioning Units
  • Dehumidifiers
  • Solar water heaters (tax exempt all year round)
  • Heat Pump
  • Boiler
  • Thermostats (Programmable)
  • Refrigerator (standard size)
  • Florescent Light Bulbs (compact size)
  • LED Light bulbs

 

 

 

 

 

 

 

 

Whether you're looking to sell or purchase a home in Washington, DC, Maryland, or Virginia; we're your real estate team! We specialize in short sale transactions, 100% financing programs, first time home buyer programs, etc. Contact us today to discuss your path to home ownership! (301) 246-2323

Feb. 2, 2017

Maryland Mortgage Grant Assist Program: 4% towards closing costs

Maryland Mortgage Grant Assist Program: 4% towards closing costs

The Maryland Mortgage Grant Assist Program provides a 4% grant to eligible home buyers towards closing costs.

This grant will never need to be repaid. If the grant amount exceeds your closing costs the difference is applied to your loan amount.

This Maryland mortgage grant program is available through the Maryland Mortgage Program.

This grant allows home ownership to be more affordable and possible for thousands of families. 

We specialize in Maryland Mortgage Programs, 100% financing programs, first time home buyer programs, etc. Contact us today to discuss your path to home ownership! (301) 246-2323

Jan. 30, 2017

First Time Homebuyer Classes for Maryland Residents

First Time Homebuyer Classes for Maryland Residents

 The following list represents in person First time Homebuyer Class providers that are approved in Prince George's County. ***All are not HUD/ MD Mortgage Program Approved*** *Alphabetically Listed*

 

Asian-American Homeownership Counseling, Inc

Address: 12320 Parklawn Dr, Rockville, MD 20852

Phone: (301) 760-7636

Website: http://www.aa-hc.org/

 Kairos Development Corporation

Address: 5601 Old Branch Ave, Temple Hills, MD 20748

Phone: (301) 899-1180

Website: http://www.kairosgroups.org/leadership/Homebuyers.asp

 

Greater Washington Urban League

Address: 2901 14th St NW, Washington, DC 20009

Phone: (202) 265-8200

Website: https://gwul.org/

 

Latino Economic Development Center

Address: 641 S St NW, Washington, DC 20001

Phone: (202) 588-5102

Website:Ledcmetro.org 

 

HomeFree-USA

Address: 6200 Baltimore Ave, Riverdale, MD 20737

Phone:(855) 493-4002

Website: http://www.homefreeusa.org/

 

Maryland Money Management International

Address: 8403 Colesville Rd Suite 1100 Silver Spring, MD 20910

Phone: 1(866) 226-0278

Website: https://www.moneymanagement.org/About-Us/Locations/Maryland.aspx

 

Housing & Community Initiative

Address: 444 N Frederick Ave

Gaithersburg, MD 20877

Phone: (301) 590-2765

Website: http://www.hcii.org/

 

Sowing, Empowerment, & Economic Development (SEED)

Address: 6201 Riverdale Rd # 200, Riverdale, MD 20737

Phone: (301) 458-9805

Website: http://www.seedinc.org/

 

Housing Options & Planning Enterprises, Inc ( H.O.P.E.)

Address: 6188 Oxon Hill Rd #700, MD 20745

Phone: (301) 567-3330

Website: http://hopefinancial.org/site/

 

Unity EDC

Address: 5801 Allentown Rd, Suitland, MD 20746

Phone: (301) 505-0331

Website: www.unityedc.org

 

Centro De Apoyo Familiar

Address: 6801 Kenilworth Ave Riverdale, MD 20737

Phone: (301) 328-3292

Website: http://www.mycaf.org/

 

We understand this may be the biggest investment you'll make. We want to assist you with your home buying goals! We specialize in 1st time home buyer programs in Washington, DC and Maryland. Contact us today to schedule your home buyer consultation! 301-246-2323

 

Dec. 22, 2016

Items You Need When Applying For a Home Loan

Items You'll Need, When Applying For a Home Loan

  
 These are the things you need to supply to your lender to get a quick approval using alternate documentation:

Supporting Income Documentation

  • W2 forms for the last two years
  • Pay stubs covering a 30 day period
  • 2 Years Tax returns
  • Year-to-Date Profit and Loss Statement (for self employed)
  • Pension Award letter (for retired individuals)
  • Social Security Award letters (for those on Social Security)

Asset Documentation

  • Bank statements for previous two months (sometimes three) on all accounts. All pages.
  • Statements for two months on all stocks, mutual funds, bonds, etc.
  • Copy of most recent 401K statement (or other retirement assets)
  • Explanations for any large deposits and source of those funds

Credit Documentation

  • Landlord’s name, address, and phone number (for verification of rental)
  • Explanations for any of the following items that may appear on your credit report: Late payments
  • Credit inquiries in the last 90 days
  • Charge-offs Collections
  • Judgments Liens
  • Copy of bankruptcy papers if you have filed bankruptcy within the last seven years

FHA Loans

  • Copy of Social Security Card (or other documentation of social security number)
  • Copy of Driver’s license

VA Loans

  • Copy of DD214

Refinances

  • Copy of Note on existing loan
  • Copy of HUD1 Settlement Statement on existing loan Name, address, phone number, loan number of existing loan/lender

 

Looking to purchase a home? Allow the McCrimmon Home Team to assist you!

(301) 246-2323 We specialize in 

 

Dec. 22, 2016

6 Ways to Cut Your Moving Costs

6 Ways to Cut Your Moving Costs

moving boxes, packing

 

1. Move During Off Peak Season

When school starts and the weather gets cold moving costs go down. If you're able to schedule your moving time anytime between October to April you should be able to save money.

2. If You Don't Need It... Trash It

You can most definitely save money if you get rid of unwanted and unused items. 

3. Moving Expenses Can Be Used As A Tax Reduction

You may not reap the benefits immediately with this tip, however, you'll get a tax reduction out of it

4. Get A Minimum of 3 Moving Company Estimates

Don't be afraid to ask if there's any additional costs not mentioned. Be sure to explore your options.

 

 

5. Rent a truck and bribe your friends

DIY Moving with friends can save you tons of money. You also don't have to worry about strangers being in your home. Your friends may even take some of your unwanted items home with them. However... be sure to feed them and treat them nice so they'll help you move next time. (smile)

6. Portable Storage and Delivery

Having pods delivered to your home and you placing your belongings in them for the company to have them delivered to your new home can be cost effective vs paying for a 3 men moving team.

 

 

Dec. 22, 2016

Selling vs Renting Your Current Home

Selling vs Renting Your Current Home 

When downsizing or upsizing your home there are many pros and cons when comparing the two. Below you'll find a few helpful tips to assist you in deciding whether to rent or sell your current home:

Will you make a profit?

After paying mortgage, taxes, condo/HOA fees, etc will you make a profit?

If yes; renting will make a lot of financial sense.

If no; sell the home in order to avoid losing money.

 

Is it the right time to sell?

If selling your home now will make you a large sum of money it may be smart to sell now. You may use the profit from selling your home to invest in an even more profitable investment. 

 

Do you have time to manage the property or willing to pay?

If yes; renting your home may be ideal. If no; definitely consider selling.

 

Whether you're looking to purchase, sell, invest, or rent a home; the McCrimmon Home Team can assist you!

Contact us today! www.MTeam1.com | (301)246-2323

Dec. 13, 2016

New MD Mortgage Program: Pathway to Purchase

We're happy to announce MD Mortgage New Program, Pathway to Purchase! This program will give up to $10,000 towards the purchase of any Prince George's County home to eligible MMP borrowers beginning January 1, 2017.

 Get started on your Pathway to Purchase by taking the below steps

  1. Speak with a lender offering the Pathway to Purchase loan product and get pre-approved
  2. Contact the McCrimmon Home Team so we can find your NEW HOME!

 

We specialize in Prince George's County home sales! If you or someone you know are looking to purchase, sell, invest, or rent a home in Prince George's County or the surrounding areas contact us today! (301)246-2323 www.MTeam1.com

Nov. 16, 2016

Household Budget Tips

Household Budget Tips

Oct. 19, 2016

Updated List of FHA Approved Condos in Prince George's County

Updated List of FHA Approved Condos in Prince George's County

BOWIE

Kettering by The Park ll                                                 September 2018

Summerfield in Covington                                              February 2018

Village at Collington                                                       May 2018

Villas at Regent Park                                                      April 2018

GREENBELT

Charlestowne Village                                                      December 2016

Chelsea Wood                                                                May 2018

Courts @ Greenbelt Station                                             June 2018

Greenbelt Lake Village                                                    February 2017

Greenbriar Phase I                                                         January 2017

Greenbriar Phase ll                                                         January 2017

Greenbriar Phase lll                                                        December 2016

Hunting Ridge                                                                 February 2017

Point @ Greenbelt Station                                                February 2017

Vistas @ Greenbelt Station                                               October 2017

HYATTSVILLE

Firehouse Lofts                                                                February 2017

LANHAM

Woodmore Towne Centre                                                   April 2017

LARGO/UPPER MARLBORO

Cinnamon Ridge                                                                January 2017

Condo #1 of the Pines                                                        October 2016

Prince Place @ Northampton                                               July 2017

Prince Place @ Northampton                                                March 2017

LAUREL ( Including Anne Arundel & Howard Counties)

Applewalk                                                                          June 2017

Arbory                                                                               February 2018

Bridgeport                                                                          February 2018

Carriages at Russett                                                            April 2018

Cherry Tree Park lV                                                             August 2017

Cherry View Park                                                                 February 2018

Oxbow at Russett                                                                 January 2018

Stonecreek at Russett                                                           May 2017

Tanglewood at Russett                                                           May 2017

Tiers of Laurel Lakes                                                             October 2018

Victoria Falls I                                                                       August 2017

Victoria Falls ll                                                                       May 2018

Victoria Falls lll                                                                      October 2018

Victoria Falls lV                                                                      September 2018

Village at Greens of Patuxent                                                  March 2018

OXON HILL/NATIONAL HARBOR

One National Harbor                                                               August 2018

Potomac Overlook I                                                                May 2018

Potomac Overlook lll                                                               August 2018

Potomac Overlook V                                                               November 2016

Potomac Overlook V                                                               November 2016

SUITLAND

Applegate                                                                               May 2017

Applegate ll                                                                            January 2018

 

*Any condo with an expiration date, on their FHA approval, that is coming-up in the near future. That does /not mean that they will automatically lose their FHA approval after that date. In many cases, those condos are already working with FHA to re-new their approval. Like a condo but don't see it on the list? Although FHA won't approve it, a buyer can get conventional financing, but would need 10% down payment and good credit.

Contact the McCrimmon Home Team if you or someone you know are looking to purchase a home in Prince George's County or the surrounding areas. We specialize in Prince George's County home sales!

***This an updated list as of October 14, 2016*** (301)246-2323 www.MTeam1.com

Oct. 17, 2016

What to Know Before Submitting Short Sale Offer

What to Know Before Submitting Short Sale Offer

short sale home dc md

A short sale occurs if the seller owes more on the mortgage than what the home is worth; and does not have the funds to pay the balance owed. The lender must agree to the short sale terms. Short sales differ greatly from foreclosures. Foreclosure is when the lender has taken title of the home and selling the home themselves. Short sales allow the homeowner to sell the home themselves. If the below applies to you then you have no problem waiting for short sale approval.

In our experience it takes 2 months to a year to receive short sale approval. That's in the event the bank approves the short dale. It can take over a year depending on the review process and number of bank involved. Can you afford to wait for a short sale home? As stated short sales are a lengthy process. However, once approval has been received it's usually good for 30 to 45 days.

homes for sale md

Buyer then has 30 days to get home inspected and appraised, all while making sure they have down payment, closing costs, etc. Have you been pre-approved? Lenders will want to see proof of funds and pre-approval amount. They want to make sure they're going under contract with a well-qualified buyer. Do you have contingencies with your offer?

Lenders would prefer to work with more flexible buyers. Your offer may not be selected if the purchase of the short sale home is contingent on settling current home. As result of selling the home for less than borrowers principal balance, the lenders have already taken a loss on the property must times they're selling the home in as-is condition; meaning they won't make repairs. Most lenders won't approve a buyer for home that needs a lot of TLC.

 

Looking to purchase or sell a short sale home in Washington, DC, Maryland, and Virginia. Contact the McCrimmon Home Team, your short sale experts, today! (301)246-2323 www.MTeam1.com