The new DC4ME PLUS is a loan program will be available to certain DC employees. The eligibility requirements for this new program are as follows: The new DC4ME PLUS is a first-time homebuyer mortgage program offered to current full-time District government employees. Including employees of district government-based instrumentalities, independent agencies, District of Columbia Public Charter Schools and organizations.The applicant/borrower’s employer must falls under the oversight of the Council of the District of Columbia. Applicants must be a 1st time home buyer The new DC4ME PLUS maximum household income may not exceed 120% of AMI The first trust will be a 30 year fixed rate conventional Freddie Mac HFA Advantage loan. And must follow US Bank HFA Advantage guidelines. Maximum 50% DTI; maximum loan amount of $484,350; maximum sales price of $525,000.Under the new DC4ME PLUS PROGRAM at least 1 borrower must have completed a home … [Read more...]
Featured Properties: Beltsville, Laurel, MD
$1,999,000
7708 Brooklyn Bridge Road Laurel, Maryland
2 Beds 3 Baths 2,106 SqFt 1.310 Acres
Listing courtesy of Fairfax Realty Premier
$1,300,000
6619, 6703 & 6709 Brooklyn Bridge Rd Laurel, Maryland
11 Beds 9 Baths 3,250 SqFt 1.950 Acres
Listing courtesy of Real Estate Teams, LLC
$1,049,900
9141 Old Scaggsville Road Laurel, Maryland
5 Beds 3 Baths 6,564 SqFt 0.530 Acres
Listing courtesy of Samson Properties
$995,000
8414 Leishear Road Laurel, Maryland
4 Beds 3 Baths 1,604 SqFt 3.990 Acres
Listing courtesy of Long & Foster Real Estate, Inc.
$899,900
8485 Leishear Road Laurel, Maryland
7 Beds 5 Baths 6,604 SqFt 0.580 Acres
Listing courtesy of Monument Sotheby's International Realty
$875,000
8604 Saddleback Place Laurel, Maryland
4 Beds 5 Baths 5,343 SqFt 0.190 Acres
Listing courtesy of Smart Realty, LLC
$849,999
7803 Kilcroney Court Laurel, Maryland
4 Beds 5 Baths 5,944 SqFt 0.210 Acres
Listing courtesy of Long & Foster Real Estate, Inc.
$799,024
11409 Edmonston Road Beltsville, Maryland
5 Beds 4 Baths 3,180 SqFt 0.650 Acres
Listing courtesy of Coldwell Banker Realty
$795,000
12215 Castle Pines Drive Beltsville, Maryland
4 Beds 4 Baths 4,964 SqFt 0.180 Acres
Listing courtesy of Excel Realty Corp.
$795,000
7403 Olive Branch Way Laurel, Maryland
4 Beds 4 Baths 3,416 SqFt 0.310 Acres
Listing courtesy of Samson Properties
$784,900
10304 Pimlico Place Laurel, Maryland
4 Beds 3 Baths 3,105 SqFt 0.420 Acres
Listing courtesy of Houwzer, LLC
$769,990
1191 Patuxent Greens Drive Laurel, Maryland
4 Beds 4 Baths 4,039 SqFt 0.140 Acres
Listing courtesy of RLAH @properties
$750,000
4200 Somerville Court Laurel, Maryland
4 Beds 4 Baths 4,500 SqFt 0.310 Acres
Listing courtesy of Redfin Corp
$735,000
14505 Highbury Lane Laurel, Maryland
4 Beds 4 Baths 3,662 SqFt 0.150 Acres
Listing courtesy of Weichert, REALTORS
$699,000
9928 Cypress Way Laurel, Maryland
4 Beds 4 Baths 3,160 SqFt 0.060 Acres
Listing courtesy of Cummings & Co. Realtors
$699,000
15900 Sherwood Avenue Laurel, Maryland
5 Beds 4 Baths 3,050 SqFt 0.230 Acres
Listing courtesy of Best Value Realty, Inc.
$695,900
9144 Bryant Avenue Laurel, Maryland
5 Beds 4 Baths 2,975 SqFt 0.170 Acres
Listing courtesy of Maryland Real Estate Network
$695,000
4717 Greencastle Road Laurel, Maryland
2 Beds 2 Baths 1,470 SqFt 2.750 Acres
Listing courtesy of Long & Foster Real Estate, Inc.
$669,990
1001 Highpoint Trail Laurel, Maryland
3 Beds 3 Baths 2,414 SqFt 0.100 Acres
Listing courtesy of Dan Ryan Builders Realty, LLC
$669,900
13916 Chadsworth Terrace Laurel, Maryland
4 Beds 3 Baths 2,966 SqFt 0.200 Acres
Listing courtesy of Keller Williams Realty Centre
$630,000
4715 Powder Mill Road Beltsville, Maryland
3 Beds 2 Baths 1,287 SqFt 0.560 Acres
Listing courtesy of Blufin Realty, LLC.
$619,000
8549 Pineway Drive Laurel, Maryland
5 Beds 4 Baths 2,991 SqFt 0.830 Acres
Listing courtesy of Maryland Pro Realty
$614,900
14713 Exbury Lane Laurel, Maryland
4 Beds 4 Baths 2,288 SqFt 0.250 Acres
Listing courtesy of Evergreen Properties
$600,000
14703 Exbury Lane Laurel, Maryland
4 Beds 4 Baths 3,344 SqFt 0.240 Acres
Listing courtesy of RE/MAX Advantage Realty
$599,990
1052 Overlook Way Laurel, Maryland
3 Beds 4 Baths 2,550 SqFt 0.080 Acres
Listing courtesy of Dan Ryan Builders Realty, LLC
$599,900
8749 Cardinal Forest Circle Laurel, Maryland
4 Beds 3 Baths 2,316 SqFt 0.330 Acres
Listing courtesy of Cummings & Co. Realtors
$595,000
11036 Harding Road Laurel, Maryland
5 Beds 3 Baths 2,212 SqFt 0.720 Acres
Listing courtesy of Long & Foster Real Estate, Inc.
$577,460
1035 Flester Lane Laurel, Maryland
3 Beds 4 Baths 2,203 SqFt 0.050 Acres
Listing courtesy of Dan Ryan Builders Realty, LLC
$571,925
1727 Mill Branch Drive Laurel, Maryland
3 Beds 4 Baths 0.040 Acres
Listing courtesy of RLAH @properties
$569,900
13409 Birkhall Drive Laurel, Maryland
5 Beds 4 Baths 1,977 SqFt 0.450 Acres
Listing courtesy of EXP Realty, LLC
$564,900
14226 Westside Ridge Drive Laurel, Maryland
3 Beds 4 Baths 1,848 SqFt 0.050 Acres
Listing courtesy of Long & Foster Real Estate, Inc.
$549,990
1031 Overlook Way Laurel, Maryland
4 Beds 4 Baths 1,943 SqFt 0.050 Acres
Listing courtesy of Dan Ryan Builders Realty, LLC
$549,900
9354 Northgate Road Laurel, Maryland
5 Beds 4 Baths 1,744 SqFt 0.140 Acres
Listing courtesy of Smart Realty, LLC
$549,500
11714 Balsamwood Terrace Laurel, Maryland
4 Beds 3 Baths 1,675 SqFt 0.230 Acres
Listing courtesy of Keller Williams Flagship of Maryland
$544,665
1021 Flester Lane Laurel, Maryland
4 Beds 4 Baths 2,203 SqFt 0.050 Acres
Listing courtesy of Dan Ryan Builders Realty, LLC
$529,900
8441 Ice Crystal Drive 78 Laurel, Maryland
4 Beds 4 Baths 2,332 SqFt 0.460 Acres
Listing courtesy of Dream Realty, Inc.
$525,000
6619 Brooklyn Bridge Road Laurel, Maryland
4 Beds 3 Baths 2,700 SqFt 1 Acres
Listing courtesy of Real Estate Teams, LLC
$525,000
9523 Kings Grant Road Laurel, Maryland
3 Beds 3 Baths 1,775 SqFt 0.140 Acres
Listing courtesy of Long & Foster Real Estate, Inc.
$510,195
124 Green Branch Road Laurel, Maryland
3 Beds 3 Baths 2,030 SqFt
Listing courtesy of NVR Services, Inc.
$499,900
10041 Superior Avenue Laurel, Maryland
4 Beds 3 Baths 2,100 SqFt 0.410 Acres
Listing courtesy of Rosselle Realty Services
$499,000
201 Main Street Laurel, Maryland
4 Beds 3 Baths 2,400 SqFt 0.150 Acres
Listing courtesy of Long & Foster Real Estate, Inc.
$498,000
10107 Madronawood Drive Laurel, Maryland
4 Beds 3 Baths 2,016 SqFt 0.240 Acres
Listing courtesy of SaGar Real Estate Group, Inc.
$495,000
6902 Fitzpatrick Drive Laurel, Maryland
5 Beds 3 Baths 1,974 SqFt 0.270 Acres
Listing courtesy of Keller Williams Realty Centre
$489,000
1015 Turney Avenue Laurel, Maryland
6 Beds 3 Baths 1,404 SqFt 0.140 Acres
Listing courtesy of Smart Realty, LLC
$489,000
12710 Rustic Rock Lane Beltsville, Maryland
4 Beds 5 Baths 1,660 SqFt 0.020 Acres
Listing courtesy of XRealty.NET LLC
$487,500
12228 Valerie Lane Laurel, Maryland
4 Beds 3 Baths 2,228 SqFt 0.310 Acres
Listing courtesy of CENTURY 21 Envision
$485,900
13107 Wellford Drive Beltsville, Maryland
5 Beds 3 Baths 1,232 SqFt 0.190 Acres
Listing courtesy of Cummings & Co. Realtors
$485,000
8717 Granite Lane Laurel, Maryland
4 Beds 3 Baths 2,228 SqFt 0.290 Acres
Listing courtesy of CENTURY 21 Envision
$480,000
9081 Dumhart Road Laurel, Maryland
3 Beds 2 Baths 936 SqFt 0.260 Acres
Listing courtesy of Spring Hill Real Estate, LLC.
$475,000
4602 Barbara Drive Beltsville, Maryland
4 Beds 3 Baths 2,078 SqFt 0.230 Acres
Listing courtesy of RE/MAX Specialists
$474,900
8705 Crestmont Lane Laurel, Maryland
6 Beds 3 Baths 2,414 SqFt 0.460 Acres
Listing courtesy of Taylor Properties
$469,000
12707 Brickyard Boulevard Beltsville, Maryland
3 Beds 5 Baths 1,728 SqFt 0.020 Acres
Listing courtesy of Douglas Realty, LLC
$450,000
9212 Ispahan Loop Laurel, Maryland
3 Beds 3 Baths 1,978 SqFt 0.080 Acres
Listing courtesy of Keller Williams Chantilly Ventures, LLC
$444,900
5309 Brewer Road Beltsville, Maryland
5 Beds 2 Baths 2,082 SqFt 0.300 Acres
Listing courtesy of Fairfax Realty of Tysons
$439,990
10028 American Pharoh Way A Laurel, Maryland
3 Beds 3 Baths 1,628 SqFt
Listing courtesy of NVR Services, Inc.
$438,000
8704 Chestnut Ridge Drive Laurel, Maryland
3 Beds 2 Baths 1,022 SqFt 0.170 Acres
Listing courtesy of Bennett Realty Solutions
$425,000
14026 Briarwood Drive Laurel, Maryland
4 Beds 3 Baths 1,752 SqFt 0.260 Acres
Listing courtesy of Realty Executives Premier
$425,000
9205 Burley Lane Laurel, Maryland
3 Beds 4 Baths 2,024 SqFt 0.060 Acres
Listing courtesy of Northrop Realty, A Long & Foster Company
$399,990
10010 Ruffian K Laurel, Maryland
2 Beds 2 Baths 1,489 SqFt
Listing courtesy of NVR Services, Inc.
$389,995
8729 Cresthill Court Laurel, Maryland
3 Beds 3 Baths 1,560 SqFt 0.020 Acres
Listing courtesy of Samson Properties
$380,000
14319 Oxford Drive Laurel, Maryland
3 Beds 3 Baths 1,224 SqFt 0.030 Acres
Listing courtesy of Cummings & Co. Realtors
$375,000
14222 Oxford Drive Laurel, Maryland
2 Beds 3 Baths 1,400 SqFt 0.040 Acres
Listing courtesy of RE/MAX Realty Group
$375,000
3443 Cherry Hill Court Beltsville, Maryland
3 Beds 4 Baths 1,280 SqFt 0.030 Acres
Listing courtesy of Exit Flagship Realty
$369,000
9107 Tymat Court Laurel, Maryland
3 Beds 2 Baths 1,360 SqFt 0.060 Acres
Listing courtesy of Redfin Corp
$340,000
14314 Bonnett Lane Laurel, Maryland
3 Beds 3 Baths 1,280 SqFt 0.040 Acres
Listing courtesy of Samson Properties
$326,000
13501 Belle Chasse Boulevard 112 Laurel, Maryland
2 Beds 2 Baths 1,553 SqFt
Listing courtesy of Berkshire Hathaway HomeServices PenFed Realty
$325,000
14236 Oxford Drive Laurel, Maryland
2 Beds 2 Baths 1,088 SqFt 0.050 Acres
Listing courtesy of EXP Realty, LLC
$325,000
6709 Brooklyn Bridge Road Laurel, Maryland
2 Beds 1 Baths 980 SqFt 0.480 Acres
Listing courtesy of Real Estate Teams, LLC
$299,000
12004 Beltsville Drive Beltsville, Maryland
2 Beds 2 Baths 1,120 SqFt 0.040 Acres
Listing courtesy of Fairfax Realty Premier
$291,000
7904 Bayshore Drive 4332 Laurel, Maryland
2 Beds 2 Baths 1,090 SqFt
Listing courtesy of Redfin Corp
$199,999
14022 Vista Drive 72 Laurel, Maryland
1 Beds 1 Baths 662 SqFt
Listing courtesy of RE/MAX Solutions
$199,500
14111 Yardarm Way 1209 Laurel, Maryland
1 Beds 1 Baths 616 SqFt
Listing courtesy of Cook Real Estate Brokerage
$185,000
4409 Romlon Street 202 Beltsville, Maryland
3 Beds 2 Baths 1,172 SqFt
Listing courtesy of Long & Foster Real Estate, Inc.
$165,000
11408 Cherry Hill Road 304 Beltsville, Maryland
2 Beds 2 Baths 989 SqFt
Listing courtesy of JDS Real Estate Services, Inc
$159,900
4417 Romlon Street 204 Beltsville, Maryland
2 Beds 2 Baths 888 SqFt
Listing courtesy of V.I.P. Realtors, LLC
$159,900
11350 Cherry Hill Road 201 Beltsville, Maryland
2 Beds 2 Baths 989 SqFt
Listing courtesy of Smart Realty, LLC
$153,000
4427 Romlon Street 202 Beltsville, Maryland
2 Beds 2 Baths
Listing courtesy of Smart Realty, LLC
$150,000
11238 Cherry Hill Road 102 Beltsville, Maryland
1 Beds 1 Baths 1,052 SqFt
Listing courtesy of Long & Foster Real Estate, Inc.
$142,000
11408 Cherry Hill MC-301 Beltsville, Maryland
1 Beds 1 Baths 759 SqFt
Listing courtesy of Weichert, REALTORS
Featured Properties: Washington D.C., MD
$995,000
7015 5Th Street NW Washington, District Of Columbia
5 Beds 3 Baths 1,706 SqFt 0.160 Acres
Listing courtesy of Compass
$980,000
1386 Nicholson Street NW Washington, District Of Columbia
4 Beds 4 Baths 1,704 SqFt 0.090 Acres
Listing courtesy of Smart Realty, LLC
$950,000
2530 Elvans Road SE Washington, District Of Columbia
3 Beds 2 Baths 872 SqFt 0.190 Acres
Listing courtesy of Keller Williams Realty
$950,000
1027 Hamlin Street NE Washington, District Of Columbia
3 Beds 4 Baths 1,528 SqFt 0.030 Acres
Listing courtesy of Compass
$950,000
1202 Franklin Street NE Washington, District Of Columbia
4 Beds 4 Baths 2,130 SqFt 0.050 Acres
Listing courtesy of Long & Foster Real Estate, Inc.
$950,000
6712 4Th Street NW Washington, District Of Columbia
3 Beds 3 Baths 1,619 SqFt 0.180 Acres
Listing courtesy of Murray Real Estate Corp.
$939,999
4449 South Dakota Avenue NE Washington, District Of Columbia
3 Beds 3 Baths 2,131 SqFt 0.100 Acres
Listing courtesy of Cottage Street Realty LLC
$925,000
2651 Rhode Island Avenue NE Washington, District Of Columbia
5 Beds 5 Baths 1,361 SqFt 0.080 Acres
Listing courtesy of Keller Williams Capital Properties
$899,999
3016 Thayer Street NE Washington, District Of Columbia
4 Beds 5 Baths 2,716 SqFt 0.130 Acres
Listing courtesy of RLAH @properties
$899,000
2904 16Th Street NE Washington, District Of Columbia
4 Beds 2 Baths 2,150 SqFt 0.170 Acres
Listing courtesy of Smart Realty, LLC
$879,000
1716 3Rd Street NE B Washington, District Of Columbia
3 Beds 2 Baths 1,733 SqFt
Listing courtesy of City Houses, LLC
$875,000
1922 Capitol Avenue NE Washington, District Of Columbia
3 Beds 2 Baths 1,120 SqFt 0.080 Acres
Listing courtesy of Samson Properties
$874,900
1520 Montana Avenue NE Washington, District Of Columbia
7 Beds 4 Baths 2,923 SqFt 0.100 Acres
Listing courtesy of RE/MAX Excellence Realty
$850,000
1620 17Th Place SE Washington, District Of Columbia
4 Beds 4 Baths 3,360 SqFt 0.060 Acres
Listing courtesy of RE/MAX United Real Estate
$850,000
3356 Minnesota Avenue SE Washington, District Of Columbia
5 Beds 6 Baths 4,759 SqFt 0.090 Acres
Listing courtesy of Keller Williams Capital Properties
$849,990
4100 18Th Place NE Washington, District Of Columbia
4 Beds 4 Baths 2,065 SqFt 0.110 Acres
Listing courtesy of TTR Sotheby's International Realty
$825,000
6005 New Hampshire Avenue NE Washington, District Of Columbia
4 Beds 4 Baths 1,983 SqFt 0.060 Acres
Listing courtesy of Samson Properties
$825,000
35 Milmarson Place NW Washington, District Of Columbia
4 Beds 3 Baths 2,205 SqFt 0.090 Acres
Listing courtesy of Fairfax Realty Elite
$824,999
2423 34Th Street SE Washington, District Of Columbia
4 Beds 3 Baths 2,628 SqFt 0.180 Acres
Listing courtesy of Redfin Corp
$815,000
1938 NE Bunker Hill Road NE Washington, District Of Columbia
3 Beds 3 Baths 1,639 SqFt 0.170 Acres
Listing courtesy of EXP Realty, LLC
$799,500
2329 Park Place SE Washington, District Of Columbia
3 Beds 4 Baths 1,584 SqFt 0.080 Acres
Listing courtesy of Matthew Spicer Real Estate, LLC
$799,000
2906 25Th Street NE Washington, District Of Columbia
5 Beds 3 Baths 2,200 SqFt 0.140 Acres
Listing courtesy of Highpoint Real Estate
$795,000
2910 Clinton Street NE Washington, District Of Columbia
5 Beds 3 Baths 2,298 SqFt 0.140 Acres
Listing courtesy of Redfin Corp
$785,000
5415 8Th Street NE Washington, District Of Columbia
4 Beds 3 Baths 2,190 SqFt 0.140 Acres
Listing courtesy of Keller Williams Preferred Properties
$784,900
5932 3Rd Street NW Washington, District Of Columbia
3 Beds 3 Baths 1,844 SqFt 0.140 Acres
Listing courtesy of D.S.A. Properties & Investments LLC
Howard County HomeStarter Loan
Howard County HomeStarter loan is now available. This is a loan up to $40,000 that can be used for down payment and/or closing costs. Available to first time home buyers onlyLoan term must match first mortgage loan, typically 30 yearsLoan must be repaid back upon sale, refinance or defaultInterest Rate is 2% below the primary loan rateBuyer must contribute at least one monthly payment on primary loan plus $1,000Back ratio no greater than 45%Borrower assets greater than 2 months reserves must be used firstPurchase price limit is $465,758 (that will increase in 2021 once loan limits are established for program) The income limits are as follows (these should also increase in 2021: 1 person household $54,9502 person household $62,8003 person household $70,6504 person household $78,5005 person household $84,8006 person household $91,1007 person household $97,3508 person household $103,650 Call 301-483-8073 or email - [email protected] for a referral to a senior loan … [Read more...]
MORTGAGE LOAN PROGRAMS IN MARYLAND
The Maryland Mortgage Program is committed to helping buyers purchase a home in the State of Maryland. The Maryland Mortgage Program offers a range of products to help Marylanders realize their dream of homeownership. Let’s take a look at the programs that are getting rave reviews…. MD SMARTBUY – MD SmartBuy rolls up to 15% of the home purchase price into forgivable loan for the borrower to pay off their outstanding student loan debt (maximum payoff of $40,000). MMP 1st TIME ADVANTAGE 3% DPA LOAN – offers Down Payment Assistance equal to 3% of the first mortgage while still maintaining a low interest rate on the first mortgage. 1st. TIME ADVANTAGE DIRECT – No DPA (Down Payment Assistance) but offers the lowest interest rate available with an MMP loan- often under 3%. To learn more about how the programs can help you or to get pre-approved for a loan with help of one of our Senior Loan Officers - Call 301-483-8073 or Email - [email protected] for a referral Today! … [Read more...]
Montgomery County Homeownership Program
Montgomery County Homeownership Program announced that effective immediately the funding of $1M dollars appropriated to help buyers in Montgomery County with down payment and/or closing costs assistance funds. This money will go FAST! Buyers must act NOW….. There was a couple rounds of this money last year and it ran out in a month or so! Highlights of the program are as follows: Montgomery Homeownership Program second lien will be a zero percent deferred down payment loan forgiven after 10 years.Maximum down payment loan will be 40% of total household income up to a maximum of $25,000.00 for down payment monies.Monies may be used for down payment and/or closing costs.No minimum contribution by the buyer (buyer typically gets in with no money out of pocket).Can be combined with MPP’s Revolving Closing Cost Assistance Program up to $10,000 (RCCAP/”5 for 5”) but the borrower must work in Montgomery County.Can only be used with the Option 1 … [Read more...]
New Loan Program Available in the District of Columbia
New loan program available in the District of Columbia to help buyers with a 3% loan for the down payment: This new program is named DC4ME PLUS which will be available for certain DC employees. The eligibility requirements for this new program are as follows: DC4ME PLUS is a first-time homebuyer mortgage program offered to current full-time district government employees. This include employees of District government-based instrumentalities, independent agencies, District of Columbia Public Charter Schools and organizations. The applicant/borrower’s employer must fall under the oversight of the Council of the District of Columbia; Applicant must be a 1st time homebuyer; Maximum household income may not exceed 120% of Adjusted Modified Income (AMI); The first trust will be a 30 year fixed rate Conventional Freddie Mac HFA Advantage loan and must follow US Bank HFA Advantage guidelines;Maximum 50% DTI; maximum loan amount of $484,350; … [Read more...]
Buying a home – SmartBuy Program
Buying a home - SMARTBUY PROGRAM got easier with the Maryland SmartBuy Program. This is a program that the State of Maryland rolled out in 2016 to help buyers pay their student loan debt and purchase a home. The original program could only be used for DHCD properties. The inventory was very low, so it did not really help too many people. The State of Maryland expanded SMARTBUY PROGRAM last year. The program is now available for ANY property in the Maryland. The property must pass an appraisal inspection. And, the seller is willing to make repairs. How the SmartBuy Program works – if you are buyer with $39,000 in student loan debt and looking to purchase a home for $285,000. The program will help extinguish ALL of your student loan debt at settlement. The buyer will qualify for the maximum assistance through the SmartBuy Program. For example - A sales price of $267,000 will qualify a buyer for assistance up to $40,000 - $267,000 x … [Read more...]
Maryland Mortgage Program Announces – New Products!
The Maryland Mortgage Program announced some AMAZING new products. Buyers credit score should be 640 or higher. Debt to income ratio should not exceed 45%. And buyers cannot have own any real estate at the time of closing. Although they COULD have owned real estate prior to settling on their new home. The Chenoa fund has existed to help this type of buyer. However, this product offering does not have the expansiveness of the new mortgage product offered through the State of Maryland - Maryland Mortgage Program. Here are the highlights: Offers buyers a loan of 3% to be used towards the down paymentOffers buyers a GRANT of 3% or 4% of the loan amount to be used towards the down payment and/or closing costs Plus the Home Ability program started offering mortgages about a month ago. This program will help buyers who have a disability or have a household member with a disability. The program offer buyers 25% in the form of a loan to be used towards the down payment … [Read more...]
NEW MORTGAGE PROGRAM for 2019
New Mortgage program - Did you know that Montgomery County has two AMAZING down payment programs designed to help first time home buyers? These programs will help buyers get into a home with NO money at all. And, they make your offer competitive to the seller because they can cover the closing costs so you don't have to ask the seller for help! Montgomery County Home Ownership III Montgomery Home ownership Program second lien will be a zero percent deferred down payment loan;Maximum down payment loan will be 40% of total household income up to a maximum of $25,000.00;Down payment funds may be used for down payment and/or closing costs;It can be combined with a Special Assistance Grant; No minimum contribution by the buyer, reduced mortgage insurance rates and very high income limits; andMaryland Home Credit Program is available with this product; andBorrowers must meet all MMP and agency requirements, minimum 640 credit score, 45% debt to income, typically first … [Read more...]
A Quick Refresher on Loan Programs to help Buyers
LOOKING FOR A MORTGAGE LOAN? A quick refresher on loan programs to help buyers purchase a home with NO Money down! The Chenoa product is designed to open up doors to buyers with limited money, lower credit scores and higher debt to income ratios. In some circumstances, people that are buying a new primary residence can still use the program and keep their existing home!Here are some quick highlights of the program.* Offers 3.50% second for the down payment- FHA financing only;* Credit scores as low as 620. Buyer will have to take an online home buying course prior to contract if their score is between 620 and 639;* Offered in MD, DC and VA;* 50 percent debt to income on all programs offered through the Chenoa product (most down payment programs have a 45% cap for the debt to income ratio);* No income limits for their repayable 2nd product (this is huge and completely different than any … [Read more...]
Ask the Experts – How to Price a Home to Sell?
Ask the Experts – How to price a home to sell is one of the most difficult challenges facing real estate brokers and their agents. Sellers attentively listen to their Realtors’ recommendation on the market value and recent sales in the neighborhood. And subsequently hike the sales price up with the belief that they can reduce the price later. The flip side of this scenario - the agent agrees with the higher price! Most real estate agents is excited to get a new listing and will gladly accept the high price listing with a mutual agreement that the sales price be reviewed after 30 - 45 days of marketing the property. With this contingency or agreement in place you can be assured the home will not become stale on the market which results in a lack of overall activity. Price the home from the start realistically comparing similar properties with the current market conditions and recent sales in your neighborhood! As a seller you do not want to not look like a clueless homeowner. … [Read more...]
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8101 Sandy Spring Rd., Ste.#250-P