How Much Money Do You Need to Buy a House in Northern Virginia?

Posted by Chris Colgan on September 14th, 2026

How Much Cash Do You Really Need to Buy a Home in Northern Virginia?

By Chris Colgan | Chris Colgan Team | Real Broker, LLC

You do not necessarily need a 20% down payment to buy a home in Northern Virginia. Some eligible buyers can use conventional financing with 3% d

Could a seller credit help your purchase?

Talk with Chris before you write an offer. We can review the home, competing offers and your lender’s credit limits to decide whether asking for closing-cost help fits the deal.

When VA and USDA financing may help

Eligible VA buyers may be able to purchase without a down payment, subject to entitlement, lender requirements and the appraised value. Closing expenses can still apply, and a funding fee may apply unless the buyer is…

34 Views, 0 Comments

Seller Credit vs Price Reduction in Northern Virginia

Posted by Chris Colgan on September 13th, 2026

By Chris Colgan

A lower purchase price can reduce the amount you borrow. A seller credit can reduce eligible closing costs you pay out of pocket. The better choice depends on whether your bigger constraint is cash at closing or the cost of carrying the loan. First, the home still needs to be worth the price you agree to pay.

Before you ask a seller for $15,000 off, have your lender show you what that same $15,000 could do as a closing-cost credit. A $15,000 price cut does not necessarily mean you need $15,000 less cash at closing.

Residential neighborhood in Gainesville, Virginia. Photo supplied by Chris Colgan.

Planning a move to Northern Virginia?

Get my free Northern Virginia Relocation Guide to start comparing communities and…

108 Views, 0 Comments