Help is Available to Get You Into a New Home
There are still some great programs from the State of Maryland to help you get into a new home.
The Maryland Mortgage Program (MMP) has 3 popular scenarios to help with rate reductions, and down payment assistance or grants.
The Advantage 1 Rate Assist program does not offer any down payment assistance but does help with reduced interest rates.
Advantage 2 Loan Assist offers a 3% no interest loan that has to be repaid when the home owner refinances or sells the home. This is one of the most popular programs.
And, Advantage 3 Grant Assist is a 4% grant to be used towards down payment and closing costs. This, however, does have a higher interest rate and it is fully foregivable and never has to be repaid.
All of these are great opportunities to help you get into the home of your dreams and can be used in conjunction with seller help to limit your out of pocket. If you are thinking about buying a home but don't have a lot of money saved up, this could be the ticket to you getting into the home of your dreams.
Let me help guide you through the process.
If you are thinking of buying or selling an home in Maryland give us a call at 410-292-0100 or start your search here and we'll talk about the market conditions and what your home could possibly be worth in today's market place if you are thinking of selling. If you are considering buying a home, there is no better time than now to buy. The tax savings and wealth building alone is worth the plunge into todays market. Remax New Beginnings and I are connected with some of the brightest and best real estate agents in the world and can assist with your move here in Maryland or anywhere in the United States or abroad. Ask me how.
June Piper-Brandon ~ Associate Broker ~ CDPE, CIAS, ePro, MRP
The Traczyk Team
Remax New Beginnings