Mortgage Down Payment Help is Here!
Prince George's County Up to $18,500 - Baltimore City Up to $12,000, Anne Arundel County Up to $10,000!

PG County's MYHOME!

Get up to 5% of you sales price for down payment and closing cost from Prince George's County MYHOME.

Use this money on ANY home in Prince George's County! Detached, Townhouse, or New Homes with maximum sales price approximately $370,000. Income limitations per household size:

  • 1 person: $58,000
  • 2 persons: $66,200
  • 3 persons: $74,500
  • 4 persons: $82,800
  • 5 persons: $89,400
  • 6 persons: $96,000
  • 7 persons: $102,700
  • 8 persons: $109,300

You must be a first time homebuyer, or have not owned a home in the last 3 years. MYHOME funds are a 0% interest, ZERO payment loan – forgiven in full after 10 years of owner-occupancy working in conjunction with a regular FHA, VA or Conventional loan. Borrower must complete an 8-hour classroom HUD-approved homebuyer education course within last 12 months. Income, credit and asset restrictions do apply, so call today to find out how you can use this program to get into your own home NOW!


 

*Programs are subject to change please verify throught Fannie Mae and Freddie Mac that this program is up to date. Not all borrowers will qualify.

 
Maryland Down Payment Assistance

Down Payment Assistance in Maryland is here. Now is an exciting time to buy a home in Maryland with low interest rates and down payment help from the folliwng municipalities:

Programs, Terms and Conditions are subject to change without notice.

Prince George's County

Up to $18,500

Charles county

Up to $6,000

Anne Arundel County

Up to $10,000

Baltimore County

Up to $10,000

Baltimore City

Up to $12,000

Calvert County

USDA 100%

Southern Prince George's County

USDA

Southern Charles & St. Mary's County

Parks & USDA

Much of Carroll & Anne Arundel County

Parks & USDA

Restrictions apply for these programs please call for guidelines.

   

FHA 203k perfect for foreclosure properties!
Only 3.5% downpayment and finance up to $35,000 to repair, renovate, upgrade and update. Turn any home into your DREAM HOME!

What are the benefits of shortening the terms of your mortgage?
Home owners who owe more on their mortgages than their homes are worth (under water mortgages) may be locked into their homes for years and have fewer financial options until they pay down the principal balance. A shorter term mortgage enables such home owners to pay down the amount they owe much faster than a traditional 30-year mortgage. Also, interest rates on shorter term mortgages are typically less than on 30-year mortgages. The lower interest rate may provide home owners the opportunity to shorten the term of their mortgages without much change in their monthly payments, and perhaps even a reduction in that payment.

Is there a maximum loan-to-value (LTV) ratio for HARP? There is no longer a maximum LTV limit for borrower eligibility. If the borrower refinances under HARP and their new loan is a fixed rate mortgage, there is no maximum LTV. If the borrower refinances under HARP and their new loan is an adjustable rate mortgage, their LTV may not be above 105%.

Maryland Down Payment Assistance Maryland Down Payment Assistance


 

 
 

*Programs are subject to change please verify throught Fannie Mae and Freddie Mac that this program is up to date.
Not all borrowers will qualify.

 
     
     
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