Your name saw this post on The ActiveRain Real Estate Network and thought it might be of interest to you. Please see the link below to review the post.
Prince George's County, Maryland Weekly Real Estate Report & Foreclosures Update
Prince George's County, Maryland Weekly Real Estate Report & Foreclosures Update Mortgage Financing: Prospective purchasers need to be aware of the changes that have take place and understand the current requirements for obtaining mortgage financing. All should anticipate fully documented mortgage applications that may be considered to be intrusive. Different mortgage products are offered by different lenders. Do not expect to find one stop financing. Tell us about your very specific needs and we will try to match you with an appropriate loan officer. Currently Available Mortgage Products For Special Needs: 5% down payment conventional loans to $417,000 with no mortgage insurance. Compare with FHA. 10% down payment conventional loans above $417,000 with no mortgage insurance. 80/10/10 conventional financing to allow a purchase with 10% down payment. $7,500 grants for first time home buyers. 100% USDA financing with no monthly mortgage insurance FHA 203(k) financing for fix-up properties. This allows buyers to include the cost of repairs or renovation in the first mortgage and to do the work before moving into the home. Investor financing for those that wish to expand their rental portfolios. Reverse mortgages for age 62+ seniors. No income or credit requirements and no monthly mortgage ... more
__________________________________________________ Are you on The Rain? Grow Your Network!
|