Prior to searching for a home, it is important to contact a lender for pre-approval both so that you understand your full purchasing power and so that you are ready to “jump” on a property when searching for homes.

There are many financial instruments available to you for exploration and a lender will be your best resource for discussing the loans that best suit your needs, down-payment amount, etc.  Conventional, FHA, VA, ARM (adjustable rate mortgage) and many variations thereof; interest rates, down-payment requirements and qualifications will vary with each instrument and with the fluctuations in the economy, etc.

Check out this article from CNNMoney regarding banks offering mortgages with only 5% down payments:

Be sure to ask your lender if there are any special programs that you might qualify for given the location of your purchase, income qualifications, first time home-buyer, etc.   For example, DC released a new program May 2013 called DC Opens Doors to provide down-payment assistance for households with incomes up to $123k for loan amounts up to $417k with debt forgiveness of the down-payment assistance loan if you live your property as a primary residence for the first five years (Click “DC Opens Doors” for more qualification details/information).

Although a lender is your best resource in terms of the latest loan products and in order to pre-qualify you for purchase, it can be a daunting process so feel free to contact me and I would be happy to talk to you about your specific situation and get you started.

If you’re ready to move forward with pre-approval (&/or, shop around for rates – once you have a contract on a property), most lenders have an easy online form to begin the process and their websites will guide you through the information needed.  I’ve included a list of a few lenders as follows, but you may use any lender you wish:

George Mason Mortgage
Greg Protiva
Senior Loan Officer
NMLS# 192779
Office: (703) 934-4383
Mobile: (703) 967-1891
[email protected]


Wells Fargo Mortgage Bank:
James M. Semeyn
Private Mortgage Banker
NMLSR ID 461800
Wells Fargo Home Mortgage | 1906 Towne Center Blvd | Annapolis, MD 21401
Tel (410) 573-6411 | Cell (202) 251-1307 | Fax (877) 810-7771
[email protected]

Renovation/Construction Loan:

Paul Denmon
Area Renovation Sales Manager
NMLSR ID 280766
Wells Fargo Home Mortgage | 12701 Fair Lakes Circle | Fairfax, VA 22033
Tel 703-926-5566 | Cell 202-713-5656 | Fax 855-484-9928
[email protected]

Prime Lending
Louise Johnson
NMLS: 392935
Mobile: 240-285-0757
Office: 301-378-2150
[email protected]