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SOLD – PLEASE CALL 301-370-6463 FOR OTHER NEW HOMES IN BETHESDA, MCLEAN, CHEVY CHASE, ARLINGTON UNDER $1M.
WE HAVE BUILDING LOTS, TEAR DOWNS AND NEW HOMES FOR SALE. CALL TO GET ON OUR EARLY BIRD LIST FOR
NEW HOMES FOR SALE

Price In Video Has Been Changed To $1,229,317

New home to be built in Bethesda. Blocks to Walt Whitman HS, Pyle MS, 1 mile to Bethesda Metro, Bethesda shopping, Bethesda
dining.

Here are a few home addition options for 4712 Cumberland in the Town of Somerset

Custom Builtin cabinetry for a new home can be designed and built
by the same manufacturer as the kitchen cabinet manufacturer, in this case,
these are Woodmode Cabinets and this is the Brookhaven line with a granite top:

Photos above show the two sides:
1) left photo is the view from the family room looking into the dining room and the
2) right photo is the view from dining room looking into the family room
The paint finish is applied at the factory

And the photo below shows another type of cabinet builtin that is made by a local mill shop and is
either painted on site or painted at the mill shop:

Here is a possible renovation floor plan of
6630 River Road:

Bethesda home for sale on 33ksf lot in Bethesda renovation plans.

Take a video tour of our Berkley Model New Home:

Take a video tour of this award winning new home

This new home was built in McLean Virginia.
Looking for teardown lots in Bethesda, McLean, Chevy Chase, Arlington to build your dream home on, but don’t see anything on the internet real
estate services you like? We have the largest list of “private teardowns” you’ll never see anywhere else. Email info@ParamountConstruction.net or
call 301-370-6463 to see how you can access these properties

 

We have a large list of prime building lots in McLean, Arlington, Falls Church, Bethesda, Chevy Chase, Potomac and Washington DC.
To find out how you can access our inventory or discuss our custom design home process call 301-370-6463.

If you like the home above, check out our Trent Model

 

Take a video tour of this award winning new home

This new home was built in Bethesda Maryland.
Looking for teardown lots in Bethesda, McLean, Chevy Chase, Arlington to build your dream home on, but don’t see anything on the internet real estate services you like? We have the largest list of “private teardowns” you’ll never see anywhere else. Email info@ParamountConstruction.net or call 301-370-6463 to see how you can access these properties

Take a video tour of this award winning new home

This new home was built in Bethesda Maryland.
Reserve your summer 2012 new home start slot now – email info@ParamountConstruction.net or call 301-370-6463

This should help buyers of homes in our Maryland, Washington D.C. and Virginia suburbs:

http://www.bloomberg.com/news/2011-11-18/u-s-congress-votes-to-raise-top-limit-for-government-insured-mortgages.html

Housing Industry Wins Higher FHA Mortgage Limits
By Phil Mattingly – Nov 18, 2011

The U.S. housing industry has scored a victory with House and Senate votes to raise the size of mortgages backed by the Federal Housing Administration to $729,750.

The measure split Republicans, many of whom supported retaining the lower limit of $625,500. As a result, efforts to restore the higher limit fell short until the Senate attached an increase to a package of spending bills that were passed yesterday by both the House and Senate.

The higher FHA limit is expected to become law after the president signs the spending measures, which he must do by the end of today to avoid a government shutdown.

“Restoring the higher loan limits for the FHA will provide homeowners and homebuyers with safe and affordable financing, while providing a much-needed boost to housing markets all around the country,” James W. Tobin, chief lobbyist for the National Association of Home Builders, wrote in a Nov. 16 letter to Speaker John Boehner, an Ohio Republican.

Lawmakers who backed higher limits said withdrawing federal support could further undermine a housing market still struggling to recover from the 2008 credit crisis.

The final compromise, which dropped a similar increase to loans backed by mortgage firms Fannie Mae and Freddie Mac, represents a mixed victory for the housing industry.

While the increase to $729,750 is expected to spur some additional homebuying, it’s not clear by how much. FHA loans make up a smaller share of the market than those purchased by Fannie Mae and Freddie Mac.

5.3 Million Homes

Still, the measure was fully embraced by trade groups for homebuilders and realtors. The National Association of Homebuilders has estimated that 5.3 million homes lost their eligibility for conforming loans when the higher limits expired on Oct. 1. Nearly 670 counties saw their loan limits decline, according to the National Association of Realtors.

On the other side were a number of interest groups that push for free-market policies and against government support to the housing market. Those groups, which include the Club for Growth and Heritage Action for America, play a large role in the House Republican conference and can influence campaign funding for the next election.

Republicans backed by the groups thought efforts to increase the loan limits had been defeated earlier this year, particularly when the White House announced support for allowing them to go back down to pre-crisis levels.

‘Completely Bizarre’

“This is completely bizarre that the Congress would be to the left of this president on housing finance,” Representative Patrick McHenry, a North Carolina Republican on the House Financial Services Committee, said in an interview.

House Republicans who opposed the provision seized on the FHA’s annual actuarial report released earlier this week, which said the agency has a 50 percent chance of needing to seek taxpayer aid to bolster its insurance fund.

The FHA, which provides liquidity by protecting lenders against borrower defaults, has increased its share of the mortgage market in the wake of the credit crisis. The agency, created in 1934 during the Great Depression, now guarantees a third of U.S. mortgages, according to the report.

The House-passed legislation, approved in a 298-121 vote, was opposed by 101 members of the House’s Republican majority, some of whom said they opposed the measure primarily because of the loan-limit increase.

Representative John Campbell, a California Republican who pushed for the increase, called the compromise on the provision “just a bad deal.” Campbell said he would have preferred that lawmakers boost the limit for Fannie Mae and Freddie Mac over raising the FHA limit.

‘Short-Term Fix’

“I’m glad something got done, but because they got it backwards, this will be a much more short-term fix than I would have hoped,” Campbell said in an interview.

The Senate followed the House’s lead a few hours later, voting 70-30 to clear the measure for Obama’s signature. The provision was once again cited by several Republicans as a reason for their opposition.

“Raising the loan limits at FHA only, an unprecedented move, will simply drive more business into Ginnie Mae securities and put the FHA at even greater risk of losses to taxpayers,” Senator Bob Corker, a Tennessee Republican, said yesterday. “If we cannot even take this simple step, we risk crowding out the private sector for years to come.”

To contact the reporter on this story: Phil Mattingly in Washington at pmattingly@bloomberg.net.

To contact the editor responsible for this story: Lawrence Roberts at lroberts13@bloomberg.net
®2011 BLOOMBERG L.P. ALL RIGHTS RESERVED.