“World's Most Complete Neighborpedia”
Explore:   What's happening in your neck of the woods?

Donny & Meredith Samson

Buying a Home in Loudoun County - Mortgage Tips

Finding a mortgage that's right for you should be easy. There are literally hundreds of options to choose from, including Fixed Rate, Adjustable Rate, Hybrids, Interest Only, Monthly Option ARMs, and Pay Select Mortgages, to name just a few. Mortgages are available at rates ranging from an introductory rate of 1.00% to well over 10.00%. You can finance up to 100% of your home's value and, in some cases, your closing costs as well.

However, because there are so many options available, it's important to seek advice from an experienced mortgage professional who has your best interest at heart. The first step in determining which program is right for you is to ask yourself the important questions listed below. These questions can also help you confirm that you've chosen the right mortgage professional as well, because he or she should be asking you the same questions before trying to put any mortgage in place:

  • How long do you anticipate living in your home?
  • Do you expect any changes over the next few years, such as expanding your family or having children go off to college or even move away?
  • Do you expect any changes in income due to promotions, relocations, retirement, inheritance, or pensions?
  • Are you expecting a change with regard to your investments?
  • When it comes to investment strategies, are you conservative, aggressive, or somewhere in between?


The reason these questions are so important is that different loan programs will offer specific benefits that will appeal to borrowers at different stages of life. What one homeowner might find desirable might cause another to reach for the Rolaids®.

In the end, be sure you are given a complete picture of exactly how much your mortgage will cost you over the period of time you anticipate having the loan in place. This is the single most important factor you should consider when shopping for a mortgage. Not only does this data illustrate the bigger picture of your financial goals, it allows for adjustments should things change a little sooner than expected. A good timeframe for this projection is anywhere from three, five, or even up to seven years.

Chantilly Virginia Realtor - Featured Listings - Aug 14

Below are my featured listings for the week of Aug 14th. This week 2995 Borge Street in Oakton went under contract after being on the market for only 4 days! This 3 BR Townhouse was listed for $384,999.

For more information on any of these properties please visit my website www.dmsamson.com or call me directly at 703-864-4894.


UNDER CONTRACT IN 4 DAYS
2995 Borge Street
Townhouse
3 bedrooms
2 full/2 partial baths
2,268 sqft
$384,999
Oakton, VA

2968 Cyrandall Valley Road
Townhouse
3 bedrooms
1 full/1 partial baths
1,400 sqft
$359,000
Oakton, VA

6328 Field Flower Trail
Townhouse
3 bedrooms
3 full/1 partial baths
1,840 sqft
$324,900
$1,750/Month
Centreville, VA

43443 Katling Square
Single Family House
4 bedrooms
3 full/1 partial baths
2,609 sqft
$449,999
South Riding, VA

Donny and Meredith Samson

Samson Realty
Associate Broker
NVAR Top Producer
Direct 703-864-4894
4 - 4 1/2% Full Service Listings
Cash Back to my homebuyers
http://www.dmsamson.com/
Donny and Meredith Samson

Under Contract in 4 Days! Oakton Townhouse for Sale


UNDER CONTRACT IN 4 DAYS!

2995 Borge Street
Oakton, VA

offered at $384,999

Immaculate 3 Bedroom, 2.55 Bath Interior Townhouse in Cherrywood Square. Over 2000 square feet of living space. Brand new hardwood flooring in Dining Room and Living Room. Updated Eat-in Kitchen with new appliances. Master Bedroom w/his and hers closets and Master Bath en suite. Massive Lower Level with 2 separate living areas, storage room, wet bar and wood Fireplace. Fenced Backyard with Deck over looks common area. Oakton HS district, close to metro, shopping, restaurants and more!


Visit my website at www.dmsamson.com to see virtual tour and pictures.
click on thumbnail to enlarge

Donny and Meredith Samson

Samson Realty
Associate Broker
NVAR Top Producer
Direct 703-864-4894
4 - 4 1/2% Full Service Listings
Cash Back to my homebuyers
http://www.dmsamson.com/
Donny and Meredith Samson

Oakton Virginia Real Estate - Donny and Meredith Samson


JUST LISTED

2995 Borge Street
Oakton, VA

offered at $384,999

Immaculate 3 Bedroom, 2.55 Bath Interior Townhouse in Cherrywood Square. Over 2000 square feet of living space. Brand new hardwood flooring in Dining Room and Living Room. Updated Eat-in Kitchen with new appliances. Master Bedroom w/his and hers closets and Master Bath en suite. Massive Lower Level with 2 separate living areas, storage room, wet bar and wood Fireplace. Fenced Backyard with Deck over looks common area. Oakton HS district, close to metro, shopping, restaurants and more!


Visit my website at www.dmsamson.com to see virtual tour and pictures.
click on thumbnail to enlarge

Donny and Meredith Samson

Samson Realty
Associate Broker
NVAR Top Producer
Direct 703-864-4894
4 - 4 1/2% Full Service Listings
Cash Back to my homebuyers
http://www.dmsamson.com/
Donny and Meredith Samson

Buying a Home in Loudoun County - Market Update - Donny and Meredith Samson

Good afternoon,

I hope this note finds all of you healthy and happy. I wanted to pass some information along to you and anyone you know that might be thinking about buying a home.

If you know anyone that might want to buy a house with NO MONEY DOWN they have to act NOW.

Currently there's a way to have the Seller pay 3% towards your down payment through companies like Nehemiah and AmeriDream. The housing package that was pushed through Congress included legislation to eliminate this type of seller help. When the President signs the bill, as of October 1, 2008 those programs will no longer be able to take 3% from the seller and pass it onto the buyer. If you're looking to use this type of assistance you need to be under contract with lender financing in place preferably by the middle of September, but no later than September 30, 2008.

I've closed two of these in the last month and they work great. The seller pays the 3% down payment and the closing costs for the buyer. Both buyers of mine bought the home with virtually nothing out of their pocket.

Everyone knows prices are great right now. Interest rates have ticked up a little recently but are still great. Lock in a 30 year fixed with NO MONEY DOWN. If you or the person you know doesn't act in the next 2 months then no money down could be gone for a long time.

Please do yourself or your friend a favor and contact me now or give me their info and I will contact them.

Take care and have a great day,

Donny

Buying a Home in Northern Virginia

Centreville Buyer Ratified: I have ratified a contract for a buyer in Centreville. 5105 Travis Edward Way #A was listed at $310,000. This 2 BR, 2 BA Condo has an attached garage and 2 levels.

Closed Buyer in Alexandria: 4213 Buckman Road in Alexandria has closed. This property closed for $310,000. This updated 4 bedroom, 2.5 Bath townhouse is located near Mt.Vernon and Fort Belvoir.

If you are interested in looking for or selling your home, please contact me.

Donny and Meredith Samson

Samson Realty
Associate Broker
NVAR Top Producer
Direct 703-864-4894
4 - 4 1/2% Full Service Listings
Cash Back to my homebuyers
http://www.dmsamson.com/
Donny and Meredith Samson

Lorton Townhouse Just Sold!

9064 Tanyard Lane, Lorton, VA, 22201 United States sold $429,999
no image
Brick Front 3 BR, 2.55 BA, 2 Car Garage Townhouse! Inviting LR & formal DR w/decorative moulding. Eat-in Kit. w/center island & adjoining Family Room. Spacious new deck. Oversized MBR w/vaulted ceiling. Luxurious MBA w/soaking tub & sep. shower. Recreation room w/gas fireplace. LL Walk out to Backyard. New Washer & Dryer. Great location near shopping, restaurants, I95 HOA, VRE, Park & Ride.
Type Bed Full Bath Square Footage
MLS#FX6580797 Town-Home 3 2 2568

Donny and Meredith Samson

Samson Realty
Associate Broker
NVAR Top Producer
Direct 703-864-4894
4 - 4 1/2% Full Service Listings
Cash Back to my homebuyers
http://www.dmsamson.com/
Donny and Meredith Samson

First Time Home Buyers Guide - Northern Virginia

Buyer's Guide

Before you begin, prepare yourself by reading Ten Steps to Homeownership from Realtor.com.

Or check out this great tool: Buying vs. renting calculator

Fannie Mae Foundation - FREE Booklets

If you're like most people, owning your own home is a major part of your American dream. The Fannie Mae Foundation wants to help you understand the steps you have to follow to purchase your first home

Home Buyer Courses Online - FREE

When it comes to home ownership have these and other questions ever made you feel lost? We believe these real estate courses can prepare you for your journey towards home ownership.

Local Utilities Housing and Urban Development (HUD)

HUD works to strengthen communities in America in a variety of ways. Learn more about how HUD helps communities and what you can do to make your community stronger.

Market Update: Mortgage Rates

Here are this weekends rates (see below). Remember that lending is now "Risk Based". The better your credit, the better potential rates that are available.

Mortgage Interest Rates*

Rates as of Friday, 4th July, 2008:

Conforming

APR

Payment per
$1,000

Jumbo

APR

Payment per
$1,000

30 Year Fixed

6.375%

6.541%

$6.24

6.375%

6.565%

$6.24

30/10 Year Interest Only

6.625%

6.794%

$5.52

6.5%

6.691%

$5.42

5/1 Libor Arm

6.000%

6.163%

$6.00

6.000%

6.186%

$6.00

5/1 Libor Arm IO

6.125%

6.289%

$5.10

6.125%

6.312%

$5.10

FHA below $362K 30 yr fixed

6.125%

6.289%

$6.08

%

0.000%

$0.00

FHA above $362K 30 yr fixed

6.375%

6.541%

$6.24

%

0.000%

$0.00

*Rates are subject to change due to market fluctuations and borrower's eligibility.

All "Non-FHA" rates based on 20% down paying one total point. Borrower must qualify. Seller may pay points and closing costs, not exceed 3% of purchase price. FHA financing with as little as 3% down. Loan amounts to $729,750. Seller may gift down payment and pay additional 6% towards closing costs. Buyer can do an FHA loan with $0 out of pocket!!! Rates can change without notice.

Google Local Helps New Homeowners Find Their Way

In case you aren't familiar with this great service, I wanted to tell you about Google Local. New or relocated Homeowners can us this resource to search and get to know their new neighborhood.

"Simply visit www.local.google.com and enter the type of service or business you are looking for, followed by the city or zip code you are targeting. Google's robust search engine will provide a list of results within seconds. The results will include local information about neighborhood business listings, maps, directions and useful web pages derived from a variety of sources. This makes getting to know a new neighborhood fast and easy."


*Google is a trademark of Google Inc. All other company and product names may be trademarks of the respective companies with which they are associated.