Why Now Is A Great Time To Buy A New Home in Northern Virginia
At Dream Finders Homes, we know that you have high standards for the place you call home. And we don’t blame you. After all, your home isn’t just where you relax, entertain, and enjoy your free time; it’s where you turn for comfort and security — today, tomorrow, and down the line.
New Homes for Sale in Northern Virginia
If you’re ready to move now, we have a large selection of homes for you to choose from. You can be under contract in a matter of days, and close on your home in as little as 60 days! Our available townhomes in Northern Virginia range from 3 to 6 bedrooms and are ready for purchase in new communities like Foster’s Glen in Herndon and Woodlands at Goose Creek in Leesburg. Starting prices for townhomes in these communities from from the $400’s to the $700’s. Interest rates are still relatively low, historically speaking, but they’re on the rise, which means your buying power will fluctuate, too. Here’s an example of how changes in your interest rate could impact your monthly payment:HOME PRICE RATE MONTHLY PAYMENT * $500,000 3.25% $2,412 $500,000 4.25% $2,639 $500,000 5.25% $2,880
If you are ready to build or buy your dream home, we are ready to help you along this exciting journey. Whenever you choose to buy, you can be sure that your new home will be built with quality craftsmanship and energy-efficient materials that keep you comfortable year-round, along with all-new systems and appliances, and high-style fixtures from top to bottom.
Best Time to Buy a New Home
Now that building materials and products are more readily available, and prices have leveled out, the housing market has begun to stabilize. The higher supply of new homes coupled with still-low interest rates means that it's probably a better time to buy than it was even a few months ago! And if you have a home to sell, you'll get top dollar since home prices are still rising in Northern Virginia. Remember, as interest rates rise, mortgage rates are expected to move up, too. That will influence both how much home you can afford, as well as how much you’ll pay over the span of the loan. You could be moved into one of our available homes in a few months and enjoy the start of the new year in a brand new home! * This is a sample scenario provided by a licensed mortgage consultant based on an average Dream Finders Homes' sales price of $500,000 with a loan amount of $400,000, using a 30-year FHA Mortgage with a rate of 3.25% would give a payment of $2,412/mo and APR of 3.39%. Payment scenario includes taxes, insurance, and mortgage insurance (if applicable). For specific information on down payment, credit, and loan scenarios, please contact your mortgage loan originator.Categories: Blog, Washington DC