Vienna, Oakton & all of Northern Virginia VA Home Loan

Finance Information

How much home can you afford? Use our finance center to learn about your loan options below. There are several loan programs available, and depending on your credit history, there is bound to be one that is perfect for you. Here are a few examples of the most popular programs offered today:

Fixed-Rate Loans

The fixed-rate mortgage is the most popular mortgage program in use today. Fixed-rate loans offer the borrow a fixed interest rate for the life of the loan, typically 15 to 30 years. Borrowers have peace of mind knowing that their monthly payment will not change over time. Conventional fixed-rate mortgages have underwriting requirements established by Freddie Mac and Fannie Mae, and require certain down-payment and debt-to-equity ratios to qualify. Fixed-rate loans are especially attractive to buyers who plan to stay in their home for more than a few years.

Adjustable Rate Loans

With an Adjustable Rate Mortgage (ARM), the interest rate changes periodically, and payments go up or down accordingly. Rates are tied to an index that reflects the cost of money at any given point in time. Generally speaking, lenders charge a lower initial interest rate for the ARM than for the fixed rate mortgage. If you are expecting interest rates to decrease in the future, or if you are trying to maximize your purchase power today knowing your income will rise in the future, then this loan may be right for you. Adjustable rate loans are attractive for buyers who expect to be in the home for a short period of time.

FHA and VA Loans

The Federal Housing Administration (FHA), offers loans for low-to-moderate-income home buyers. FHA loans have lower down payments, and have relatively easier requirements than conventional fixed-rate mortgages. FHA mortgages have no income restrictions and even those with lower credit scores may be considered. Past bankruptcy does not necessarily disqualify borrowers from using this program!

In addition, the Department of Veterans Affairs (VA) offers a zero-down mortgage program. To take advantage of this program, borrowers need to be among those listed as veterans and service personnel in the U.S. military. One of the biggest benefits of this program is that it eliminates the need for private mortgage insurance!

Local Homebuying Program

There are often many state and local programs available. These programs offer down-payment assistance and programs for local home ownership. Learn more about these local programs, recommended lenders, and other finance options by contacting us today!

Now What?!

The best thing you can do is to contact a Loan Officer to get pre-approved for a loan. Here are a few of The Belt Team's trusted resources for financing. (Make sure you tell them The Belt Team referred you!)

Brad Pace—Ever Bank
Office: (703) 348-4704 Cellular: (703) 282-5755 Email:
2. Taylor Allgyer - First Savings
Office: (703) 827-4628 Cellular: (703) 626-3264 Email:
3. Keith Kelly - Mortgage Harmony
Office: (703) 926-8626 Email:
4. Mark Kilfeather - George Mason Mortgage
Office: (703) 259-0714 Cellular: (703) 395-4339 Email:
5. Erik Spencer - Churchill Mortgage
Office: (703) 481-2291x138 Cellular: (703) 801-5569 Email:

Brad Pace—Ever Bank - NMLS ID: 367361

Office: (703) 348-4704 Cellular: (703) 282-5755 Email:

Taylor Allgyer - First Savings

Office: (703) 827-4628 Cellular: (703) 626-3264 Email:

Keith Kelly - Mortgage Harmony

Office: (703) 926-8626 Email:

Mark Kilfeather - 1st Portfolio Lending

Office: (703) 564-9105 Cellular: (703) 395-4339 Email:

Erik Spencer - Churchill Mortgage

Office: (703) 481-2291x138 Cellular: (703) 801-5569 Email:

Contact Information

Keller Williams Realty
The Belt Team
6820 Elm Street
McLean VA 22101
(703) 242-3975
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