All Forum Posts by: Karelyn Cruz

Thank you all for your feedback! 

@Shadonna N.- Do you know if you loose the NACA loan if you buy a second home later? I was reading that you cant own another property at the time of getting the financing but it wasnt clear to me if you will lose the benefits if you buy a second home in the future. Also, where is Lily Ponds? Couldnt find it on the map :P Thanks!

@Russell Brazil- can you expand on your answer? Why is a no for CH and a yes for the other two? Thanks for your help! 

First time home buyer here. My husband and I are looking into buying a 2 bd/2 bath house or townhouse (no condo) close to metro (we dont have a car) in the near future. Our our budget is ~$350K which limit us. We have been interested in the Anacostia/Congress Heights, Deanwood and Hyattsville areas as we can still find good houses within our price range there. We are also interested to buy in an area with growth potential. Any thoughts on which of the three areas has higher growth potential? Any other areas that we should be looking around? Thanks! 

First time in this post. @Alexander Castro, are you also familiar with the real estate market in the West and in the Luquillo area? We would like to get an idea of the market in those areas. Thanks! 

Hi! I recently got married and my husband and I are considering buying a house/condo in DC (I really like the SW). Currently we are under the $131,040 limit for the Open house program in DC but that might change once my husband gets a new job (he recently moved here). Should we take advantage of this program now that we are under the limit or should we wait a couple of years to save enough money for a reasonable down payment ? With the program, we dont need to put much for the down payment but will have a higher interest rate on the loan. Can we re-finance that loan later? Thanks!