Special Grant Assistance for Maryland Home Buyers
There are so many good programs out there right now to help homebuyers with down payment monies that it is hard to navigate through the waters. In particular, the State of Maryland has rolled out so many products. Below are programs actively working for many of our buyers right now in Maryland
Loan Assist - This program offers $5,000 and possibly more dependent on your buyer's employer to help with the down payment/and or closing costs. The funds are not a grant, they are a zero percent interest loan which need to be repaid back if the buyer ever sells, refinances or defaults on their mortgage.
* Homefront - This program will help veterans with a discounted interest rate and down payment/closing cost assistance of up to $5,000 or more dependent on the buyer's employer. It mimics the Loan Assist program exactly except for one twist, it discounts the interest rate by a .25 percent.
1st Time Advantage - This program has discounted interest rates but offers no down payment assistance monies. It is perfect for buyers that can come up with their own money for the down payment and want the lowest rate possible. It also is a great product to help your buyers increase their purchasing power because the rates are so low.
Grant Assist - This program offers buyers up to 4% of the loan amount for the down payment and/or closing costs. It covers the entire down payment and gives a little bit extra towards closing costs. The monies are fully forgivable and can even be used with 2nd time home buyers as long as they do not own any other real estate at the time of closing.
To find out which one you can qualify for- Click Here To get started!!!
| ||||||||
|
| |||||||
| ||||||||
 | ||||||||
No comments:
Post a Comment