How To Get Grants For A Down Payment For Maryland First Time Home Buyers

Author: Fernando Herboso / Category: Gaithersburg Kentlands

How To Get Grants For A Down Payment For

Maryland First Time Home Buyers 

Original Article Here)

Did you know that there are 2,290 down payment programs across the country waiting for home buyers to apply for funds. .and most of these remain unused  just because home buyers are unaware they even exist!

This is according an analysis recently issued by RealtyTrac, a real estate data provider, and Down Payment Resource, a purveyor of home-buyer assistance programs. 

Did you know that the average amount of down payment assistance per buyer is $11,565, according to this analysis?

The problem is, few first time home buyers don’t know this type of help exists—ignoring all the money out there to help them become homeowners.

There’s a lot of missed opportunities here and we encourage you to take advantage of all these possibilities if you are buying a home in 2016.


5 Easy Ways To Save For a Down Payment 

A Down Payment Assistance  grant decreases homebuyer costs, avoids burdening the home buyer with additional debt and allows them to afford a more expensive home.

Ask Your Realtor and Your Lender

Your Realtor and lender alike need to research and understand various funding resources for your particular needs as a buyer…if they are not doing this, you need a different Realtor or Lender

Some of the major program types that you may qualify  include the following:

  • Below-market interest rate loans or 100% financing
  • Mortgage credit certificates that provide annual tax credits for the life of the loan
  • Maryland Neighborhood Stabilization Program loans and grants designed to revitalize communities
  • Maryland First Time Home Buyer Tax Discounts 

In case you have not hired a Realtor to help you in this process. .

Let us be your guide as a first time buyer homes in our area.

There are many unadvertised programs out there.. and we work in conjunction with qualified lenders that are 100% knowledgeable for all the these grants out there.
We can guide you specifically for Montgomery , Frederick and PG counties in Maryland 
We showcase the finest homes in real estate for sale today
for MD DC and VA

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3201 Castleleigh Rd Belstville MD 20705 For Sale Fernando Herboso 301-246-0001

Author: Fernando Herboso / Category: Gaithersburg Kentlands

3201 Castleleigh Rd Belstville MD 20705


3201 Castleleigh

3201 Castleleigh Rd in Beltsville MD 20705 Beautiful, bright, brick and siding 3 bedroom house-in the best location at a fantastic price! One of the largest  floor plans in this highly sought after quiet community. Super convenient to Interstate 95 and the Intercounty Connector IC. This home features hardwood floors, larger rooms, chair railing, custom crown molding, granite countertops, and endless amounts of storage space & closets! The finished basement features a full bath, living room, dining room, kitchen and one bedroom-great-for in-law suite. Exterior of home & yard maintained meticulously by this proud seller 


For more information, contact the listing broker Fernando Herboso


Fernando Herboso

    Herboso & Associates llc
         BROKER Black diamond (cards) REALTOR® 
Maxus Realty Group 
Office 301.246.0001
Cell     240.426.5754
Fax      888.913.3535

My real estate knowledge is always up-to-date. For expertise you can depend on, call me when you have questions about the market or are ready to make a significant move. . .Quality representation is not expensive, its priceless!

Our Core Values Are Based on. . .
Hope | Dreams | Security | 
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When First Time Home Buyers Feel Intimidated. .

Author: Fernando Herboso / Category: Gaithersburg Kentlands

When First Time Home Buyers Feel Intimidated. .

There are very few instances in ones life that is as important as buying your first home. 
You don’t have to do it alone, there are real estate professionals willing to help you achieve this dream. 
Just be sure that you are motivated to be a homeowner and hire an agent whom you feel comfortable with.
Remember, when you are buying a home, the seller has their own agent representing them….you need a buyer’s agent to represent your best interests when buying a home
A first time home buyer is defined as an individual, who has not had an ownership interest in a home prior and has little or no experience in the home buying process
The National Board of Realtors advice to these buyers is to take your time and not rush. There are lots of steps and you need professional help.
One of the first steps to being a first time home buyer is to get their financial house in order, your Real Estate Agent will help you make sure your credit scores are compliant with all the new mortgage lending guidelines. You need a mortgage loan and that is the first focus in the home buying process. 
You need to be aware that the actual cost of buying home is usually much higher than the cost of the home itself, as it includes taxes, interest, and closing costs etc. 
But one thing you should not pay is your own Real Estate Agent, they are paid from the commissions offered by the seller. 
In general, the purchase of any real estate is contingent upon the contract price being at or below a fair market value determined by an appraisal. 
This will assure you that you will not overpay a penny over what the house is worth. 
Your lender send a third party appraiser to make sure the sales price in your contract is exactly what the house is worth or MORE.  
What happens if the house is valued less than the purchase price previously agreed with the seller? 
In this case the lender will not fund the loan to you. If the house’s value is less than what your contract with the seller says..the lender will not give you a loan and subsequently  there will be no sale. 
The seller then will have to reconsider and they have the option to drop the price to the appraised value of dispute it by using another appraiser
This is when your real estate agent comes handy…to protect your best interests and advice you accordingly. 

Dowload Your Benefit Programs for First Time Home Buyers in Maryland and see how much you can save as a First Time Home Buyer




Please contact us for more details 

Help For First Time Home-Buyers in Maryland



Originally published http://www.reallynicehomes.com/blog/when-first-time-home-buyers-feel-intimidated/

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