ShareThisArchive for First-Time Home Buyers
What Is CDA?
I have received emails from prospective buyers asking me what is CDA? CDA stands for the Community Development Administration. CDA offers three standard downpayment and closing cost assistance products for any borrower who is eligible for a Maryland Mortgage Program loan. Borrowers can choose to receive a closing cost assistance grant from either the MMP+ […]
Baltimore County’s New Mortgage Assistance Loan Program (MALP) Up to $35,000
The pilot program is an effort to encourage first time homebuyers to consider homeownership in existing residential communities in Baltimore County. The program is administered by nonprofit groups and is available in designated communities. Home Buyer’s Workshops and homeownership counseling are offered to potential homeowners. Mortgage Assistance loans up to $35,000 are available to families […]
Maryland’s Education System Ranks Among Nation’s Best!
I received the following information from Nancy S. Grasmick the State Superintendent of Schools for the Maryland State Department of Education. Ms. Grasmick stated the following. “Education Week, the nation’s leading education newspaper, recently published its 2008 “Quality Counts” report- the Consumer Reports of education. For the first time in the 12-year history of this […]
Buyers: Days On Market Not Always a Red Flag
Several years ago, a home listed for sale developed a stigma if it didn’t sell within a month or two. Today, many sellers have homes listed that have been on the market for six months or longer. In fact, it’s so commonplace for it to take a significant time to sell a house that it […]
CDA Lowered Their Rates!
Effective February 1st CDA rates were dropped to the following; 0 Points- 5.875% 1 Point -  5.75% 2 Points- 5.625% 3 Points- 5.5%    Â
Free Home Buyer Seminar at Dr. Nathan A. Pitts Ashburton Elementary-Middle School
On Friday February 1, 2008, I will be conducting a free Home Buyer Seminar for the employees and staff at Dr. Nathan A. Pitts Ashburton Elementary-Middle School along with Faraji Mason of Wells Fargo Home Mortgage. This will be the first in a series of seminars we have planned for the Baltimore City and Baltimore County […]
Free Home Buyer Seminar!
On Wednesday January 30, 2008, I will be conducting a Free Home Buyer Seminar along with Corrie Ivey of Wachovia Mortgage Corporation. The seminar will be held at the Perry Hall Library 9440 Belair Rd. Perry Hall, Md. 21236 from 6:30-8:30pm. We will update you on the current real estate market and the available GRANT PROGRAMS. […]
Federal Home Loan Bank of Atlanta
The Federal Home Loan Bank of Atlanta First Time Home Buyer Program is back in Maryland starting this month. The First Time Home Buyer Program (FHP) provides matching funds for down-payment and closing cost assistance to low and moderate income home buyers. In partnership with member financial institutions, The First Time Home Buyer Program awards […]
FHA Loan Limits for Maryland Counties
Did you know that FHA has loan limits for each Maryland county? What that means is anyone who uses FHA financing can only purchase a property up to the maximum sales price allowed for that county. The buyer can make up the difference between what is allowed and the sales price. For example if the sales […]
FHA Is Back!
From 2003 thru early 2007 it was very difficult to get sellers in Maryland to accept a contract in which a buyer was using FHA financing. FHA stands for the Federal Housing Administration. Traditionally this type of financing was great for first time home buyers but once we got deep into a sellers market FHA became a dirty […]
