Is It Getting Any Easier To Get A Mortgage Loan?

Northern VA Mortgages

One of the great things about working with seasoned, top producing Realtors is that they have their hands not just on the pulse of the real estate market, but on the mortgage market as well. Otherwise, you may just be rolling the dice!

Here at The Belt Team, we have several top notch lenders we work with – some of whom we have worked with for almost 30 years. (That’s like eternity in the loan business!) This is a win-win not just for our current buyer clients, but also for our past clients who may be looking to refinance with today’s favorable interest rates! (Call us at 703-242-3975 if you need a referral.)

Last week we met with one of our trusted partners (John Clark Jr with New Penn Financial) and he provided us with some great news. His company has made enhancements to some of their mortgage products that may just benefit YOU. Here are the highlights:

A non QM loan!

  • Debt-to-Income (DTI) Offering up to 55%
  • Interest Only Available
  • Non-Warrantable Condos
  • Expanded Timeline for Use of Projected Income
  • Open to First Time Homebuyers

JUMBO Advantage:

The maximum LTV/CLTV/HCLTV for Cash‐out Refinances from $1,000,001
to $1,500,000 has been increased to 75% (from 70%).

80‐10‐10 Loan Option: These used to be very popular, but are much harder to find in today’s market.

INVESTOR Loan Limit: We have increased the number of properties to be able to finance to 10,with Fannie Mae approval and unlimited number of properties financed, if we are financing a primary residence.

Qualified Assets as Income: We will now accept any qualified/retirement asset as potential
passive income, even 401k accounts. We also follow Fannie’s revised rule that permits us to divide the asset by the actual term of the new loan to determine income available. (This is great news for our high net worth clients!)

Contact John Clark directly for details and more information!

Not only is all of this great news for certain clients who will take advantage of these programs, but we see it as a positive sign in the market that the stronger institutions are loosening up their guidelines and taking somewhat of a more common sense approach. Kudos to New Penn Financial!

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FREE, Instant Home Valuation – What’s Your Home Worth?

Sell in January – February? Or Wait Til Spring? Well, What Would You Do With $16,000?!

Should I Sell Now Or Wait Til Spring

So . . .

What would you do with $16,000?!

  • Take a Cruise?
  • College Fund?
  • Charity Donation?
  • Trip to Napa?
  • Save for Retirement?
  • Go on Safari?

Belt Team CEO & Realtor Terry Belt asks, “Did you know that people who sold their homes in Vienna in January – February of this year sold for almost $16,000 more than those who waited for the March – April “Spring Market”?”


Start with a FREE INSTANT home valuation at

Then call The Belt Team at (703) 242-3975 for a more finely honed estimate & FREE consultation. Better than Zillow! We’re hyperlocal. Chances are we’ve been in your home and/or your neighbors’ homes. We’ve been selling Vienna since 1972. And no other Realtor or team has sold more Vienna homes than The Belt Team. (AND our homes sell FASTER and for MORE MONEY than average!)

Prepare now and win in 2015! Winter is a wonderful time to prepare your home for market. You may have time off during the holidays and contractors are often much more available than Spring or Summer. But make sure you call us first. We don’t want you to spend money doing things you don’t have to!

If a move “up” or a move “down” is in your future in 2015, call or email NOW to schedule your FREE Home Planning Session.

We can help answer questions like:

  • Do I need to sell before I buy? Or do I buy first? How can I sell when I don’t have a place to go yet?
  • How much will my home sell for?
  • What do I need to do to get my home ready for market? What can I skip?
  • Should I install new carpet or give the buyer a credit?
  • How much of a mortgage do I qualify for?
  • I know we need to update the kitchen, but how much do we really need to do and who do we call?

Happy Sellers John and Laurie Matarrazza

#changinglivesforthebetter #thebeltteam

Open House in Oakton’s Horse Country On 1.74 Acres!

Are you looking for a stunning custom, luxury home nestled on 1.74 acres in the heart of Oakton’s horse country oh so convenient to the amenities of Vienna, Oakton & Reston?

If so, you’ll want to take a peek at our fabulous listing at 2407 Oakmont Court!


Luxury Home For Sale in Oakton

Pricing, more info and additional photos of 2407 Oakmont Ct in Oakton.

Stunning 4-sided brick custom home nestled on a private 1.7 acre lot in Oakton’s horse country. This property offers endless versatility and exceptional features like an amazing main level master suite with sitting room, dressing room, spacious bath with a spiral staircase leading to sauna & loft area, and access to back stone patio, soaring ceilings, 4 fireplaces, 5BR/5 full & 2 half baths, a main level library with two walls of built-in bookcases, large gourmet kitchen with breakfast room, a great room with a wall of French doors leading to the back patio and so much more!  An oasis of tranquility yet oh so convenient to the amenities of Oakton, Vienna & Reston Town Center!

Call Terry Belt at (703) 242-3975 to schedule a showing.

Another gorgeous home from The Belt Team Portfolio . . . !Best Real Estate Agents in Oakton

This Falls Church Charmer Will Win Your Heart!

Just listed at 3600 Fairmont Street in Falls Church!

Falls Church Home For Sale Near Mosaic

This one of a kind custom charmer will win your heart! Along with the open and imaginative floor plan, exceptional features include a delightful screened porch plus a covered front porch, a family room with gas log fireplace, gourmet kitchen that any chef would love, a rec room with wet bar rough-in, huge master suite and 2 car garage. This 3 years young home is sited on a level/usable lot in a fabulous “inside the beltway” location. Great commuting options! So close to the vibrant & appealing attractions at the nearby Mosaic District!

Price and lots of additional photos of 3600 Fairmon Street in Falls Church

Call Terry Belt & The Belt Team at (703) 242-3975 to schedule a showing!

Search Falls Church Homes For Sale $650,000 to $850,000

Just Listed – Fabulous Condo in Reston’s Sutton Ridge!

Just Listed – 1300 Windrift Drive #152 in Reston

reston Condo For Sale Sutton Ridge

Welcome to this delightful home loaded with updates and located in a sought after North Point location! This Crawford model unit is bright & spacious and has an open floorplan that allows for great everyday traffic flow and makes entertaining a breeze! Enjoy details such as soaring ceilings, hardwood floors, large windows, crown molding, remodeled kitchen open to the family room with gas fireplace, separate dining room, master bedroom with attached bath and a back balcony overlooking trees. Convenient to many Reston amenities and great for commuters!

Price and lots of additional photos of 1300 Windrift Drive #152 in Reston

Call Terry Belt & The Belt Team at (703) 242-3975 to schedule a showing!

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Reston Condo For Sale Sutton Ridge Reston Condo For Sale Sutton Ridge

Just Listed! Alexandria Condo at Manors At Stonegate

4667 Longstreet Lane #305, Alexandria – At The Manors at Stonegate

List Price: $424,900

Manors at Stonegate

Welcome to Manors at Stonegate! This fabulous, townhouse style, 2 bedroom, 2 full bath condo features an open floor plan, vaulted ceilings, loft area with built-in bookcases, skylights & office/den, updated kitchen with granite counters and stainless steel appliances, gas fireplace, master suite with spacious walk-in closet & attached bath, and brand new hardwood floors in the living and dining rooms. Great location…convenient to many amenities and perfect for commuters!

More information & photos of 4667 Longstreet Lane #305

Directions to 4667 Longstreet Lane #305

Search All Condos For Sale in Alexandria

Call Kevin Kleifges & The Belt Team at (703) 242-3975 to schedule a showing.


October 19th – Open Houses in Fairfax, Oak Hill & Alexandria

Whether you’re looking for a luxury townhouse in Alexandria, a wonderful home near Metro & the Mosaic District or a beautiful custom home in Oak Hill – we’ve got you covered with our open houses this weekend!

In sought after Lands of Quaker! 15 Arell Court in Alexandria – Listed at $649,500

Open Sunday, October 19th 2 to 4PM

lands of Quaker Village Alexandria

This elegant end-unit townhome is in a fabulous Alexandria location. Enjoy an open floorplan, loads of natural light, hardwood floors & striking architectural details. Versatile entry level living space with fireplace perfect for den or bedroom suite ~ master suite with spacious bath & walk-in closet ~ living room with fireplace ! tray ceiling dining room ~ eat-in kitchen with granite & stainless appliances ~ even an attached garage!

Price, directions & more photos of 15 Arell Ct in Alexandria

To schedule a showing call Tom Reilly & The Belt Team at (703) 629-1263

Search All Alexandria Townhouses For Sale $550,000 to $750,000


Home near Metro & Mosaic District! 8886 Olive Mae Circle in Fairfax – Listed at $875,000

Open Sunday, October 19th 1PM to 4PM

Homes For Sale Near Vienna Metro

Beautiful “English” Armistead model from Basheer & Edgemoore. No detail is spared in this 4 bedroom/5.5 bath home. Exceptional features include 4 finished levels, elevator for easy access, 10’ ceilings & oak hardwood floors on the main level, 2-sided fireplaces in the living room/dining room & master suite, eat-in gourmet kitchen, formal dining room, stunning master suite with sitting room, loft level with bedroom, full bath & terrace, and finished walk-out lower level. AND it’s close to TWO Metro stops AND the awesome Mosaic District with great shopping, dining & more!

Price, directions & more photos of 8886 Olive Mae Circle in Fairfax

To schedule a showing call Terry Belt & The Belt Team at (703) 242-3975



Custom Beauty in the Reserve at Stone Hill! 12616 Winter Wren Ct – Listed at $1,299,000

Open Sunday, October 19th 2 to 4PM

Reserve at Stone Hill

Stunning, four year old custom home, built by Camberley Homes, in the Reserve at Stone Hill. Amazing attention to detail with fine architectural finishes and updates, including beautiful hardwood floors, stone fireplace hearth, tray ceilings and elegant molding throughout, gourmet kitchen, incredible master retreat, fully finished walk-out basement & more. Excellent location for schools, commuters and many amenities!

Price, directions & more photos of 12616 Winter Wren Ct in Oak Hill

To schedule a showing call Tom Reilly & The Belt Team at (703) 629-1263

Search Oak Hill & Herndon Homes For Sale $1,000,000 to $1,250,000

Search Oak Hill & Herndon Homes For Sale $1,250,000 to $1,500,000

Search Oak Hill & Herndon Homes For Sale $1,500,000+

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