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Posts Tagged ‘Mortgage Interest Deduction’

MD, VA, DC Mortgage Interest Tax Deduction: 2024 Guide

By John Downs - Certified Mortgage Advisor | October 16, 2024
First-time homebuyer calculating mortgage interest tax deduction savings on a new home purchase in Washington, DC

This page has been updated for 2026.SALT cap has increased to $40,400, PMI is now deductible, and the mortgage interest deduction has been made permanent. Visit our updated guide with an interactive calculator: [2026 Mortgage Interest Tax Deduction Calculator →] 2024 Mortgage Interest Tax Deduction: What First-Time Homebuyers Need to Know By John Downs -…

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Programs

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  • Conventional Loans

Guides

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Downs Mortgage Group at Vellum Mortgage

202.899.2603

DownsGroup@VellumMortgage.com

Annapolis Office

115 West Street
Suite 200
Annapolis, MD 21401

Corporate Office

12700 Fair Lakes Circle
Suite 400
Fairfax, VA 22033

We help clients choose the mortgage that makes the most financial sense for their life stage. Downs Mortgage Group is a team within Vellum Mortgage, Inc., one of the largest mortgage companies in the DC Metro area. The Downs Mortgage Group is licensed only in DC, Maryland, and Virginia. John Downs NMLS 476406 · Vellum Mortgage, Inc. NMLS 1657323

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Vellum Mortgage, Inc., NMLS #1657323, Equal Housing Lender. This is not an offer to enter into an agreement. Not all customers will qualify. All products subject to credit and property approval and not all products available in all states or for all dollar amounts. Refinancing your loan may increase the total finance charges over the life of your loan.