There are many loan programs available
- for First-Time Home Buyers, or for those who need assistance in
fixing a place up. Read below for more information on some of the
options available - or give me a call for more personalized assistance
in finding a loan program that fits your needs.
USDA Rural Loan Program
Could the USDA Rural Loan Program
work for you?
Are you a first-time home buyer in Maryland?
Is the property in a qualifying zip code?
Is the price in a qualifying range based on your income?
This program could offer 100% Loan-to-Value, one
existing or new. This is a wonderful program available to low & moderate
income households. It could mean less up-front money, no monthly
mortgage insurance required! There is a one-time guarantee fee to
the Rural Development program. You can obtain a 30-year Fixed Rate
loan! Check out the great rates!
FHA Streamline 203K Rehab Loab
Do you have your eyes on a home that may need a
few repairs? Perhaps you may be considering an FHA loan, but the
home you're interested in has damage or other serious issues to be
addressed. The seller would have to correct those issues before you
receive approval on an FHA loan - which may mean they look for a
different buyer.
With a 203K rehab loan, you can simply get an estimate
for the cost of repairs, finance the cost into your loan amount,
and have the work done after closing!
Flexible - loan amounts up to 110% of the home's appraised value
Easier - no inspection required if repairs are less than $15,00
Fewer Fees - no post-close draw inspection fees if repairs are
less than $15,000
No HUD Consultant Fees!
Call or e-mail me today for more information on
this amazing loan program!
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