Community Reinvestment Act Virginia, Maryland, DC

Posted Sep 16, 2009 @ 1:51 pm, Viewed by 159 Visitors, Read 168 Times.

Over the next few weeks several banks are rolling out new Community Reinvestment Act (CRA) loan programs.  While the guidelines and terms are still rolling out, these loans are attempting to help low and moderate income families refinance their homes.  Some banks may even go up to 100% financing for the loans.  So far, only SunTrust has offered the program, but Bank of America, and others will soon follow.  As more information becomes available I will continue to update my blog.  In the mean time, check with a loan officer to see what other banks come out with as part of their CRA programs.

 

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joshp975

joshp975 I've lived in the DC metro area my entire life; growing up in Montgomery County Maryland and attending the University of Maryland.  I now live in Arlington, Virginia.  Living all around the DC area has given me a great understanding of the real estate market.  After graduating from the University of Maryland, I worked as a loan officer in Gaithersburg for three years.  I then opened my own mortgage brokerage company, which I ran and operated successfully for several years before agreeing to a buyout by my partner.  Now, I have found a home at Choice Finance where I am able to grow professionally and better serve my clients. My experience has helped me refine my business techniques and find my niche in the FHA Jumbo Market.  It has also enabled many clients to take advantage of this program, which in turn lowered intrest rates and saved them money.  My combination of experience and know-how has lead me to become a great resource for my clients and enabled them to achieve their dream of homeownership. Read More

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