Loan Programs & Financial Information

 See these examples of current loan programs and financial information.  Let's work to find a program for you!

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.  Below you will find a couple of Loan program examples, contact me to find out if you qualify for a specific program or if there is a program out there for you or the property you are interested in.

  ****DON'T FORGET THAT OWNER FINANCING IS A VIABLE OPTION IN MANY CASES, NEVER HURTS TO ASK!

Also, Let's explore EQUITY ADVANCE!

Look at this option!  USDA Rural Loan Program - check the zip code, your rural property interest just might qualify!!!

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!

Or this one....FHA Streamline 203K Rehab Loans -for rehab from carpet and paint to additions!!!

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 $15,000
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!

How about this one???  Home Path Mortgage - Fannie Mae Bank Owned Homes...I'll help you find a HomePath Lender!

*Low down payment and flexible moorage terms (fixed-rate, adjustable-rate, or interest only)

*You may qualify even if your credit is less than perfect

*Available to both owner and Occupants and investors

*Down payment (a least 3 %) can be funded by your own savings; a gift; a grant; a loan from a non-profit ; state or local government or employer

*No appraisal required

*No mortgage insurance (Ask your lender for cost detail on loans without mortgage insurance)

Or even this one...Home Path Renovation Mortgage - perfect to for a little fixing up through your HomePath participant!

*Financing to fund both your purchase and light renovation

*Low Down payment flexible mortgage terms (fixed rate or adjustable rate)

* Down payment (at least 3 %)  can be funded by your own savings; a gift; a grant; or a loan from nonprofit, state or local government or employer

*No mortgage insurance (Ask your lender for cost detail on loans without mortgage insurance)

Look for the Home Path logo on the property advertisement or ask your Agent!!

for more information go to www.homepath.com

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Web site and additional information -

The HomeLoanLearningCenter.com - provides step-by-step information on how to become financially literate.

National Foundation for Credit Counseling - (www.nfcc.org) - Provides high-quality financial education and counseling service.

US Department of Housing and Urban Development - (www.hud.gov)