Real Estate Blog - MILITARY HOME BUYERS IN FREDERICK COUNTY MD, WELCOME. NO MONEY DOWN VA FINANCING.

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MILITARY HOME BUYERS IN FREDERICK COUNTY MD, WELCOME. NO MONEY DOWN VA FINANCING.

REAL ESTATE IN FREDERICK COUNTY MARYLAND THAT IS AFFORDABLE AND VA FINANCING WITH NO MONEY DOWN HOME LOANS. Cash needed to buy, $ZERO Dollars.

Home in Frederick County priced at $300,000.

Home in Frederick County $300,000.

Good Faith Estimate for Veterans Administration financing in Frederick County Maryland

Home Price $300,000:

1. Price, Interest Rate, Loan Term, Points, Principle and Interest.

Home Price - $300,000
Interest Rate - 5%
Discount Point - 1
Loan Term - 360 months

2. Estimated closing costs in for lender fees and title company costs (Seller can pay all).

3. Estimated monthly mortgage payment, not including any condo or HOA fees.

4. Pre-paid items required in advance at settlement (Seller can pay all).

5. Pre-paid taxes and hazard insurance (Seller can pay all).

6. Total cost of loan including loan funding, pre-paid items and lenders fees.

7. Total cost to buyer to close loan and get house keys, $12,427 (Seller can pay all).

Closing Cost VA Frederick County MD

Courtesy, Lenn Harley, Broker, Homefinders.com, 800-711-7988, E-Mail.

Posted by Lenn Harley, Real Estate Broker, Maryland & Virginia on 03/18/2009 09:53 AM

Comments (10)

VA Buyers in Frederick County MD in the Home Buying Channel

va financing frederick county md

Originally posted at: MD, VA Foreclosures, First Time Buyers Grants, CDA Loans MD, Rehab Loans MD & VA: MILITARY HOME BUYERS IN FREDERICK COUNTY MD, WELCOME. NO MONEY DOWN VA FINANCING.

This post has been included in Maryland Information Frederick County, MD Information
Post is included in group: Realtors®
Post is included in group: Buyer Information - What Buyers Need to Know in Today's Market

10 Comments on MILITARY HOME BUYERS IN FREDERICK COUNTY MD, WELCOME. NO MONEY DOWN VA FINANCING.

MAR

Lenn,

remember those days when we had VA,FHA, and otherwise a person had enough down for a down payment? Then one day money starting coming available from any source and today we are back to the early eighties.

I am so glas that a vet or military buyer still can have the respect and dignity they deserve and have earned with a VA loan. Years ago they were the GI bill.

I love your posts

Tom

Tom. Thanks. How sweet. We work very hard to help our military buyers. Sometimes we have to fight to get a VA contract through, but we work them.

The military here have been hit hard by foreclosures and short sales. Most of them bought homes with no money down, which I think is part of what got the real estate market and the generaly economy into this mess.

Lenn, great job on the Good Faith Estimate. Oddly enough I also did a blog today on VA Mortgages. What is that they say about minds that think alike (well at least on a few things ......... LOL).

Lenn--VA loans are making a comeback as there are so many deserving veterans and it is zero down! Your simple explanation of how to read the costs in a good faith estimate will be very helpful to buyers.

Jim. I'm selling to the military for the first time in 4 years. For some years I have recommended that they rent because I knew that they wouldn't be able to sell for what they paid.

However, our market is such now that if they are retired or active duty new to the area, we'll help them get a good buy.

George. I love VA financing. It's my favorite. I only know one way to write it, no money down all closing paid by seller.

Teri. Enjoy and spread the word. VA is one of the few no down loans left. That and USDA but the locations are so limited with that and the income limits.

Lenn, that makes sense to me. If they have money they are better off hanging on to it in my opinion, in case of an emergency, safety net, or if they want to up grade the house.

I like using the good faith to show buyers the costs.

MAR

Lenn, great post. Thank you for taking care of our Heros and their families.

MAR

George. Indeed. Maintaining a home is expensive. Many first time home buyers have no idea what they're in for until something breaks down and they have no cash.

Terry. Me too. Wouldn't do a contract without one. If we don't have one from their lender, I do a Buyers Estimated Closing Cost for them.

Tim and Pam. It is my pleasure.

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