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FIRST TIME HOME BUYERS programs in Montgomery County, Maryland.

By Lenn Harley

Real Estate Agent with Lenn Harley, Homefinders.com, MD & VA Homes and Real Estate 303829;0225082372

February 18, 2011 01:04 AM

"CDA" Community Development Administration - $5,000 DOWN PAYMENT MONEY AVAILABLE FOR MARYLAND FIRST TIME HOME BUYERS, CDA.

cash

30-Year CDA/REO Program*

Interest Rate	Points	APR
3.625%	3-point Mortgage	4.491%
3.750%	2-point Mortgage	4.535%
3.875%	1-point Mortgage	4.576%
4.000%	0-point Mortgage	4.622%

* As of 02/18/2011

*** "First Time Home Buyers" are home buyer who have not owned an interest in real estate for the past 3 years.

for sale

*** Available in all of Maryland with FHA financing.

*** Income Limits apply up to $124,200 for 1-2 persons. Call to qualify, 800-711-7988.

*** Down Payment loan has ZERO (0) interest rate and is deferred - mo monthly payment.

*** Debt to income limit is 45% (includes mortgage payment, taxes, insurance and other consumer debt scheduled monthly payments).

*** Homebuyer classes available to familiarize First Time Home Buyers with details of home ownership.

*** Minimum credit score of 620 is required. Call Lenn for a FREE and confidential credit report review, 800-711-7988.

*** Seller agrees to pay most of Buyer's closing costs (FHA permits up to 6% of purchase price).

FIRST TIME HOME BUYERS programs in Maryland and Virginia. Home buyers may be eligible for Grants, 100% financing and other no down paymentmortgage loans. Homefinders.com is experienced with all types of financing including Conventional, FHA, VA, CDA, HOC, VHDA, USDA, RCCAP.

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

FOR A TOUR OF HOMES FOR SALE IN MONTGOMERY COUNTY MD, contact Homefinders.com, Lenn Harley, Broker, 800-711-7988.

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

SINGLE FAMILY HOMES IN MONTGOMERY COUNTY $300,000-$400,000.

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Usted podra calificar para una "BECA FEDERAL PARA COMPRADORES DE PRIMERA VEZ!" Hay dinero accessible en el condado de Montgomery Maryland, para compradores de casas residenciales. Para mas informes, favor de contactarnos en HOMEFINDERS.com para calificar para una cantidad de dinero hasta $7,500.00 para en entre/enganche o sus costos de cierre. Para reservar un dinero de la Beca, llame a LENN HARLEY, de HOMEFINDERS.com al (800) 711-7988 o por correo electronic. Tenemos prestamistas y agents de bienes raices que hablan el Español y los podemos atender! Para que seguir como inquilino, si estamos aqui para ayudarles a obtener el "Sueño Dorado" de ser dueños de su propia Casa! Aqui en el condado de Montgomery, estamos listos para ayudarles!

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Mara Hawks

First Realty Auburn - Auburn, AL

Inactive-2012 REALTOR - Homes for Sale Auburn Real Estate, AL

This should get everyone who might be remotely qualified, MOTIVATED to try and BUY! (And I always love seeing your sunshining maps :-)

Feb 18, 2011 01:15 AM

Joe Kenny

Realty Executive Midwest - Darien, IL

Better Than Your Average Joe

Wow, those rates are fantastic. The fence should be getting lighter don't you think?

Feb 18, 2011 01:22 AM

Jeff Belonger

Social Media - Infinity Home Mortgage Company, Inc - Cherry Hill, NJ

The FHA Expert - FHA Loans - FHA mortgages - USDA loans - VA Loans

Lenn.. out of all the state bond programs and such, these are some of the best interest rates that I have seen... epecially at zero points, which is about a whole percent below market. With spring around the corner, I wonder how this will help the market... if buyers are ready and prepared...

jeff belonger

Feb 18, 2011 02:10 AM

Kathleen Daniels, Probate & Trust Specialist

KD Realty - 408.972.1822 - San Jose, CA

Probate Real Estate Services

Lenn, It’s nice to see First Time Home Buyer Programs are still available. The interest rates are amazing. Hopefully some buyers are inspired to get off the fence and make their purchase.

Feb 18, 2011 04:41 AM

Dan Quinn

The Eric Steart Group of Long & Foster Real Estate - Silver Spring, MD

These are some fantastic programs and interest rates for first time homebuyers. Good post Lenn.

Feb 18, 2011 05:43 AM

Jack Mossman - The Nines Team at Keller Williams in Lodi

The Nines Team at Keller Williams in Lodi - Lodi, CA

The Nines Team in Lodi

Lenn - we are just starting to see new FTB and even some down-payment assistance programs coming back online. Hopefully they'll end up being used by those who need them this time ... not folks looking for a way to game the system.

Feb 18, 2011 02:17 PM

Mike Jones

SUNSTREET MORTGAGE, LLC (BK-0907366, NMLS 145171) - Tucson, AZ

Mike Jones NMLS 223495

Lenn,

I was just reading through the post, and then I realized I was reading in Spanish! Bueno! How long have you been doing this? I'd better poke through the archives. I don't know anyone here in Tucson who has picked up on this yet, and you'd think we would be the leaders.

Mike in Tucson

Feb 18, 2011 02:40 PM

Lou Ludwig

Ludwig & Associates - Boca Raton, FL

Designations Earned CRB, CRS, CIPS, GRI, SRES, TRC

Lenn

The First Time Home Buyers should help a large number of buyers to by homes.

Good luck and success.

Feb 18, 2011 03:42 PM

Lenn Harley

Lenn Harley, Homefinders.com, MD & VA Homes and Real Estate - Leesburg, VA

Real Estate Broker - Virginia & Maryland

Mara. This is a small assist for first time home buyers. They still have to meet vigorous qualifying standards and that's a good thing.

Joe. I don't understand the comment about the fence?

Jeff. It helps some. That said, most folks who enjoy the benefits of these programs are already qualified.

Kathleen. Indeed and let's hope they call me.

Dan. Thanks. It's a worthwhile program.

Jack. Buyers who benefit from CDA cannot "game" the system. The requirements are pretty stiff.

Mike. I met and "vetted" a lovely Spanish speaking loan officer a few weeks ago. The Spanish speaking home buying population here is not huge, like in your area, but they are quite undeserved. I have a few Spanish speaking agents in my network, so we can help the Latino/Hispanic home buyers all the way. I've done the demographic analysis and focused on two counties, one in MD and one in VA and I plan to penetrate that market a bit.

Lou. Thanks.

Feb 18, 2011 09:28 PM

FIRST TIME HOME BUYERS programs in Montgomery County, Maryland.

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