Bethesda Home Loan Mortgage

Refinance, Purchase, Rental Property, Condos, Business Owners

DC Mortgage News Digest

Mortgage Professional Newsletter

Bethesda Mortgage News

It's important to understand the dynamics of the market we are in. For Bethesda, which has traditionally been a "higher-priced" market, it is critical to note that there are 3 distinct needs if you are considering financing.

1.) You need a lender who has Jumbo, Non-Conforming Loan Amounts (Over 417K, 625K or even $729.)

2.) You should be pre-approved, with financing in hand, before making any offer, as there are generally multiple offers on desirable properties. You must be ready to act immediately. Home sellers will not gladly accept contracts which are contingent upon obtaining financing. There are plenty of buyers without contingent offers.

3.) Use a local lender. Listing Agents have come to know that out of town lenders are not sympathetic to time frame requirements listed in the contract. In addition, out of town lenders can be difficult to reach for last minute changes. There are plenty of Bethesda-based, mortgage lenders, including us.

Bethesda Real Estate Market - Bethesda Mortgage Loans