Conventional
The everyday loan for buyers with solid credit. Mortgage insurance drops off once you reach 20% equity.
DC · Maryland · Virginia
Know your numbers before you talk to a lender.
MortgageIQ gives you the same math a loan officer runs: your full monthly payment, how much home you can afford, and whether a refinance pays off. Then a real person helps you get the loan.
Virginia Housing approved lender
FHA · VA · Conventional · Jumbo
NMLS #225914
Home Equity Studio
See what your home has built for you
Drag the sliders and watch your equity rise. Then see how your current rate compares with today's market.
Syed prepared these starting numbers for you. Adjust anything that looks off.
Example numbers. Drag or type your own.
Total equity$0
Usable equity$0
Equity share0%
$
$
Usable equity limit
Most lenders let you borrow up to 80–90% of your home's value, counting your current mortgage.
Your rate vs. today's market
%
Your rate
0%
Estimates for illustration only, not a loan offer, rate quote or appraisal. Usable equity assumes a combined loan-to-value limit; actual limits depend on credit, property, occupancy and lender guidelines. Savings compare principal and interest on your balance over a new 30-year term and exclude closing costs. Syed Ahmad, NMLS #225914.
Calculators
Already own? Thinking of buying? Run your numbers.
How much equity do I have? How much can I buy? Does refinancing make sense? Change any number and the answer updates.
Equity you could use
$0
Total equity in your home$0
Interest-only payment on your amount$0
Same amount over 20 years, fixed$0
Popular uses: renovations, paying off high-interest debt, tuition, or a down payment on an investment property. Example rate, not a quote; limits depend on credit and property.
You could shop up to
$0
Loan amount$0
Max monthly housing payment$0
Down payment0%
Estimate assumes a 30-year fixed loan, 1% property tax and typical insurance. A pre-approval confirms your real number.
Monthly savings
$0
Current principal & interest$0
New principal & interest$0
Break-even on closing costs—
Principal and interest only; taxes and insurance stay the same. Example rates, not a quote.
Loan programs
The right loan matters more than the lowest advertised rate
Every program has its own down payment, mortgage insurance and credit rules. Here is where most buyers in the DMV start.
FHA
Flexible credit and debt-to-income rules. A strong fit for first-time buyers and rebuilding credit.
VA
For veterans, active-duty service members and eligible spouses. No monthly mortgage insurance.
Virginia Housing
State programs with down payment and closing cost assistance. AHMC is an approved Virginia Housing lender.
Jumbo
For DMV prices above the conforming loan limit, with options for lower down payments.
DSCR
Qualify on the property's rental income instead of your tax returns.
Refinance
Rate-and-term to cut your payment or term, or cash-out to tap equity.
First-time buyer
Programs and grants that reduce cash needed at closing. Ask what you qualify for.
How it works
From calculator to closing
Run your numbers
Use the calculators to see a realistic payment and price range before you shop.
Apply in minutes
Complete a secure online application. Syed reviews it personally and compares programs for you.
Get pre-approved and close
Shop with a pre-approval letter sellers trust, then close on time with one point of contact.
Your loan officer
Syed Ahmad
Partner / VP, Fidelity Direct Mortgage
MortgageIQ is built by a working loan officer, not a lead-selling website. When you reach out, you talk to Syed directly, and your information is never sold to other lenders.
- Serving homebuyers and homeowners across DC, Maryland and Virginia
- Purchase, refinance, FHA, VA, Jumbo, DSCR and Virginia Housing
- Read client reviews on Zillow
Free mortgage review
Get your real numbers from Syed
Past clients: find out what your equity can do and whether today's rates beat yours. New buyers: get a pre-approval plan. No cost, no obligation, and your information is never sold.
- Personal reply within one business day
- Your calculator results are attached automatically
- Prefer to talk? Call or text (202) 439-5406
FAQ
Common questions
How much do I need for a down payment?
It depends on the program: 0% for VA, 3.5% for FHA and as little as 3% for some conventional loans. Virginia Housing and first-time buyer programs can help with down payment and closing costs.
Will checking my numbers hurt my credit?
No. The calculators on this site don't touch your credit. A credit check only happens when you apply and authorize it.
What is the difference between pre-qualified and pre-approved?
A pre-qualification is a quick estimate. A pre-approval means your income, assets and credit have been reviewed, so sellers take your offer more seriously.
When does refinancing make sense?
Usually when the monthly savings recover your closing costs well before you plan to sell or refinance again. The refinance calculator above shows your break-even point.