Turning Your Homes Desire Into a DREAM Come True Diana White-Pettis
Diana White-Pettis (301)502-6645 *Called to Serve* 
Diana White-Pettis

Federal Housing Programs


REHABILITATION MORTGAGE INSURANCE (SECTION 203(b))
Mortgage insurance to finance the rehabilitation of one- to four - family properties. read more...
ADJUSTABLE RATE MORTGAGE INSURANCE (SECTION 251)
Federal mortgage insurance for adjustable rate mortgages. read more...
CONDOMINIUM HOUSING; FHA MORTGAGE INSURANCE (SECTION 234(c))
Federal mortgage insurance to finance condominium homeownership read more...
FHA SINGLE-FAMILY MORTGAGE INSURANCE (SECTION 203(e))
Federal mortgage insurance to finance homeownership and the construction of housing. read more...
HOMEOWNERSHIP VOUCHERS
If you are a participant in the Housing Choice Voucher program and receive rental assistance, you may be eligible to received monthly assistance in meeting homeownership expenses. read more...
OFFICER NEXT DOOR
The Officer Next Door program makes homeownership faster and more affordable for Law Enforcement Officers. The selected bidder may purchase the property at a 50 percent discount from the list price. read more...
TEACHER NEXT DOOR
The Teacher Next Door program encourages teachers to buy homes in low- and moderate-income neighborhoods by offering a 50 percent discount from the list price. read more...
 

Essentials for Home Buyers



Congratulations!  You have decided to purchase a home, or are thinking about buying one.  You'll be joining the ranks of hundreds of families who realize that home ownership offers a number of benefits including building equity, saving for the future, and creating an environment for your family.  When you own your own home, your hard-earned dollars contribute to your mortgage. The equity you earn is yours.  Over time, your home will increase in value.

In the following reports, you'll find the information you need to make a wise buying decision.  We'll take you through the planning process step-by-step , to help you determine which home is right for you.  You'll find a host of informative articles on mortgages, viewing homes, the offer, closing details and moving.

I am licensed in Maryland, District of Columbia, and Virginia.  Please contact me if you have any questions about buying a home in Maryland, District of Columbia, or Virginia.

Below, select desired reports and complete the form provided.



Avoid Common Buyer Errors

Some buyers, however, caught up in the excitement of buying a new home tend to overlook some items. When you have a systematic plan before you shop, you’ll be sure to avoid these costly errors. Here are some tips on making the most of your home purchase.

But Do You Need It

Buying a home can be an emotional, time-consuming, and complex process. There are a few things that you can do to help make the process go as smooth as possible.

Buying Your First Home

Many renters are starting to think about purchasing a home of their own. This article highlights several factors that should be considered when purchasing a home.

The Right Home at the Right Price

This article helps you become a savvy buyer, by pointing out some of the pitfalls inherent in the home-buying process.


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Types of Home Mortgage Loans


Do you know the pros and cons of the many different types of mortgage loans available these days?  Discover the most common types of mortgage loans you may encounter as a home buyer.  It's a "must read" to be sure you are well-informed!   www.homebuyinginstitute.com


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Buyer Beware


FANNIE MAE TAKES AIM AT STRATEGIC DEFAULTS
Borrowers with a Fannie Mae-backed mortgage who engage in a strategic default won't be eligible for another Fannie Mae-backed loan for seven years, the secondary mortgage market company says in a notice that outlines its policy for combatting strategic defaults. Fannie will also seek deficiency judgments against the borrower, if allowed by state law. Fannie plans to issue instructions this month to servicers detailing its new policies. Strategic default are defaults by borrowers who have the capacity to pay but don't or who don't complete a workout alternative in good faith. ...
GET READY FOR EXTRA SCRUTINY
If you're thinking about applying for a home mortgage, here's some important news: Beginning June 1, 2010, your lender is likely to order a second full credit screening immediately before closing. The last minute credit report will be designed to find out whether you have obtained - or even shopped for - new debt between the date of your loan application and the closing. If you've made applications for credit of any type - for furnishings and appliances for the new house, a car, landscaping, a home equity line of credit, you name it - the closing could be put on hold pending additional research by the lender,. ...
 
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