Special offer

Financing Types - Anne Arundel County MD, August 2009

By
Real Estate Agent with Coldwell Banker Residential Brokerage 531132

Statistics in Anne Arundel County MD are in and one of the interesting pieces of data to look at is where people are getting their money to purchase homes.

As you can see, 175 buyers used FHA financing to purchase their home. FHA financing is very attractive right now because of the lower down payment requirements. If you qualify, you can get an FHA loan by putting down 3.5% of the purchase price of a home.

In Anne Arundel County MD, the number of conventional loans were just under those funded by FHA.

VA loans are still popular because you can get a VA loan without putting any money down. Considering the amount of military installations in the county, VA loans will continue to remain popular.

I don't know about you, but I was surprised to see that 41 homeowners were able to purchase their house with cash. I'm impressed, considering the Average Price of a home in Anne Arundel County MD was $360,557.

 

AA County Pie Chart

search mls

If you're SEARCHING for a home anywhere in Maryland, click here to view ALL ACTIVE LISTINGS.

 

Richard Iarossi, REALTOR®
Long and Foster® Real Estate, Inc.
Crofton, MD 21114

410-451-6255 Office
443-995-9595 Cell
Web: http://www.RichSellsHomes.com
eMail: Rich@RichSellsHomes.com

Annapolis MD Real Estate Specialist
Bowie MD Real Estate Specialist
Crofton MD Real Estate Specialist

©2009 - RichSellsHomes, All Rights Reserved

twitter logofacebook logolinked in logo

 

Posted by

FacebookTwitterLinked InGoogle

QR Code

 Richard Iarossi is a full time licensed REALTOR®, working in Crofton, MD. My coverage areas are: Anne Arundel, Prince George’s, Howard, Calvert, Queen Anne, and Baltimore City and County. I specialize in residential real estate, working with both buyers and sellers. Use the registration free search on my website at www.RichSellsHomes.com. If you’re not already working with a REALTOR®...I can help. Call me at 443-995-9595 (Cell) or 410-451-6255 (Office).

SKYPE ME: RichSellsHomes

Find me on Google+

 
©2011 - RichSellsHomes.com - All Rights Reserved
 
All information is deemed reliable but should be independently verified. Property information is subject to change without notice.

 

Comments (7)

Brian Lee Burke
Kenna Real Estate - Lone Tree, CO
Broker & Advising Expert-Kenna Luxury Real Estate

That's interesting. I quickly looked at a smaller area that I am working on getting stats right now and the numbers are very similar for FHA, Conv. and cash. Except of VA, only have 1 of those. ~Rita

Sep 22, 2009 03:14 PM
Paul S. Henderson, REALTOR®, CRS
Fathom Realty Washington LLC - Tacoma, WA
South Puget Sound Washington Agent/Broker!

Can you believe how FHA has grown into such a player now?
Begin each day as if it were on purpose,
Paul

Sep 22, 2009 11:26 PM
Toula Rosebrock
Diane Turton, Realtors, Forked River, NJ - Lacey Township, NJ
Broker/Sales Associate, Realtor, Lacey Township,

ToulaRosebrock,comHi Richard:

I would suspect that FHA is the major slice in my market here as well...

Have a great day!

Sep 22, 2009 11:36 PM
Jen Anderson
Exit By the Bay Realty - Chesapeake Beach, MD

Richard, I am always surprised when I look at the stats and the cash buyers are out there!  FHA has certainly made a come back over the past few years. Happy selling! ~jen

Sep 23, 2009 12:33 AM
Gail MacMillan
Titusville, FL

Hi Rich,

Just want to say hi and tell you that you look very handsome in your new pic.  I'm around, in the background...but still keeping an eye on things.

Gail

Sep 23, 2009 03:22 AM
Patricia Kennedy
RLAH@Properties - Washington, DC
Home in the Capital

Richard, this is interesting.  I think we tend to forget about assumptions unless interest rates are through the roof.

Sep 24, 2009 01:19 AM
Rebecca Gaujot, Realtor®
Lewisburg, WV
Lewisburg WV, the go to agent for all real estate

Richard, this is indeed interesting, I am going to check the stats for my area.

Sep 27, 2009 05:50 AM