Buying Property in the DMV
Properties for Sale
Buyer’s Guide
Find and buy houses like a realtor.
Real estate amateurs are separated from professionals by the latter group’s grasp of their target markets, purchasing power, and niches. But whether you want to buy a house like a pro or just advance your real estate market knowledge, you’ll find help in Signature Realtors’ Buyer’s Guide. Fill out the form below to learn more!
Grants Program
How are you financing your property purchases? Reach out and schedule a meeting to discuss whether the Grants program would work for you.
Property-Buying FAQs
What is a credit score?
A credit score represents its holder’s ability to pay off loans and credits. It gives lenders a broad picture of a potential customer’s financial worthiness, and they use it to decide whether to grant a mortgage loan. Credit scores are one of many factors considered during the loan process.
What is the significance of my monthly debts and expenses?
Before granting a loan, lenders will consider how effectively you can pay a mortgage. They will also look at your debts and expenses to decide on a rate that would suit you.
What are the different types of mortgages?
Fixed-rate mortgages are paid over 15, 20, or 30 years. By contrast, ARM loans come with 5-, 7-, or 10-year terms.
How do I choose a lender?
Thanks to our years of experience, Signature Realtors works with many lenders and financial institutions who are happy to help our clients. Although you can choose a lender on your own (whether through someone you know or a financial institution you have built a relationship with), a Signature agent can help if you need guidance in finding that perfect lender.
What is the difference between conventional loans and FHA loans?
Since FHA and conventional loans have distinct advantages, choosing the option that suits you depends on many factors. Differences include down payment options, private mortgage insurance, interest rates, and assistance. Speak with our team to discuss their benefits and determine which option fits your needs.
What is the minimum down payment?
Depending on your loan type (conventional or FHA), your down payment can be as low as 3.5%. Our dedicated buyer support teams can help you find the plan that fits your budget.
Are there benefits to a high down payment?
A high down payment can reduce your monthly mortgage costs. Additionally, it can nullify the need for private mortgage insurance (which can increase monthly mortgage amounts) and lower your loan’s principal amount.
How important is property location?
Lifestyle will influence the value of your property’s location. Common value factors include nearby school districts, distance from work, and proximity to family and friends. Signature Realtors’ agents are trained to work in specific niches, and they recognize the elements that make a valuable location.
Still have questions?