Jasmine M. Young - Realtor

02/01/2024

Pick my brains 🧠 Ask me anything real estate ! 🏡

01/26/2024

First time homebuyers are often misinformed. Let me help you correctly in the process to owning your first home 🏠

01/25/2024

𝗗𝗼𝘄𝗻 𝗣𝗮𝘆𝗺𝗲𝗻𝘁 𝗥𝗲𝗾𝘂𝗶𝗿𝗲𝗺𝗲𝗻𝘁𝘀 𝗳𝗼𝗿 𝗟𝗼𝗮𝗻 𝗣𝗿𝗼𝗴𝗿𝗮𝗺𝘀

📆 As of January 2024, here's a summary of the current requirements:
🌟Conventional Loans
First-Time Home Buyer: 3% down payment.
Repeat Buyer: 5% down payment.
Second Home: 10% down payment.
Investor: 15% down payment on 1 unit, 2-4 units 25% down (if living in one unit, 5% down)
Note: PMI required if down payment is less than 20%.
🌟FHA Loans
Credit Score 580+: Minimum down payment is 3.5%.
Credit Score 500-579: Minimum down payment is 10%.
🌟 VA Loans (Veterans & Active Military):
No Required Down Payment: VA Loans may require a Funding Fee.
First-time VA Loan Users:
No Down Payment: 2.15% funding fee.
5% or More Down Payment: Reduced to 1.5% funding fee.
10% or More Down Payment: Reduced to 1.25% funding fee.
Subsequent VA Loan Uses:
No Down Payment: 3.3% funding fee.
5% or More Down Payment: Reduced to 1.5% funding fee.
10% or More Down Payment: Reduced to 1.25% funding fee.
Note: The VA funding fee can be waived for disabled veterans.
🌟USDA Loans
Target Audience: Low- to moderate-income buyers in rural areas.
Down Payment: Usually not required.
🌟Jumbo Loans
Properties: More costly properties exceeding conventional limits.
Down Payment: Varies based on lender and borrower’s financial situation.
🌟 Additional Notes:
It’s also important to note that there are various down payment assistance programs available, which can help buyers, especially first-timers, meet these requirements. Additionally, factors like credit score and debt-to-income ratio play a significant role in loan eligibility and the terms offered.
🔍 Requirements can change due to economic and regulatory shifts.
🙋‍♀️💬 𝗚𝗼𝘁 𝗾𝘂𝗲𝘀𝘁𝗶𝗼𝗻𝘀? 𝗙𝗲𝗲𝗹 𝗳𝗿𝗲𝗲 𝘁𝗼 𝗿𝗲𝗮𝗰𝗵 𝗼𝘂𝘁!

01/23/2024

🏡📊 Market Update: Falls Church, VA 22044 📊🏡

📅 Date: December 2023
🏢 Company: eXp Realty
🔑 Name and Title: Jasmine Young, REALTOR®

Attention Buyers and Sellers! Here's an informative update on the current market trends in Falls Church, VA 22044:

1️⃣ Months Supply of Inventory: As of now, there is a steady 1.29 months supply of inventory. Over the last 12 months, we have seen a positive increase of +5.74% in the Months Supply of Inventory. This indicates a competitive market that favors sellers.

2️⃣ List to Sold Price: The List to Sold Price percentage stands at an impressive 100.2%. This means that properties in Falls Church, VA are selling extremely close to their list price, providing confidence to both buyers and sellers.

3️⃣ Median Days on Market: In this dynamic market, homes are spending an average of 43 days on the market before being sold. This relatively short duration suggests high buyer demand and a quick turnover of properties.

4️⃣ Median Sold Price: The median sold price for homes in Falls Church, VA is currently $708,000. This figure serves as a benchmark for both buyers and sellers, helping to gauge the market value of properties.

Whether you're looking to buy or sell, these market trends indicate a vibrant real estate scene in Falls Church, VA 22044. As your trusted REALTOR®, I am here to guide you through this dynamic market and help you achieve your real estate goals.

📲 Contact me today to discuss how these trends may impact your buying or selling decisions. Let's navigate the exciting Falls Church real estate market together! 🏡💼

01/23/2024

Visit my Real Estate Page.

VA Real Estate & Homes for Sale | eXp Realty in Virginia

07/10/2023

In Alexandria — Recently signed with EXP Realty and could not be more excited 🤎

07/06/2023

04/27/2023

Looking to buy, sell or rent in Northern Virginia or Hampton Roads. I am the PERFECT agent for you!! Let's compare market prices today!

04/27/2023

Last Month Market Update in Hampton Roads! Check it out.
Contact me directly at : [email protected]

04/27/2023

Last Month Market Update in Northern Virginia! Check it out.
Contact me directly at : [email protected]

01/04/2023

If you want to live in Northern Virginia, Fairfax and Arlington are popular locations many home buyers look to buy.

View comments to see market updates as of November 2022. You will be able to see there is a big difference in Arlington from only a year ago.

We are now in 2023 so be on the look out for more market updates.

[email protected]