More House 4 Less in Maryland

Relocating to Maryland? Check out Your Online Relocation Package for Anne Arundel County, Maryland - Home of Fort George G. Meade, NSA, Northrop Grumman, BWI, and the U.S. Naval Academy.

More House 4 Less is more than a catchy blog title - it may be the magic formula that makes home ownership possible for you. If you want to take advantage of this Buyers' Market to own a home or condo in Anne Arundel County, but you don't have a lot of cash on hand for down payment and closing, I have good news for you:

Downpayment and closing cost help is available through the State of Maryland's More Houses 4 Less and House Keys 4 Employees Programs.

There are limits, of course, including:

• Maximum income
• Maximum sale price
• Participating employers for some programs
• Participating builders for some programs
• Approved lenders

But these are NOT your typical state-subsidized mortgage programs, and they're NOT limited to first-time homebuyers, so don't rule yourself out before checking with me. Chances are you're eligible to buy a home in Anne Arundel County with one of these CDA loans. Check with me to find out if you qualify, to learn what homes are eligible under this program, and to determine if your employer is participating in the partnership program.

Interest Rate: All loans are fixed-rate, some up to 40 years, and today's rate ranges from 5.5% to 6.25%, depending on whether you pay points or receive up to a 3% grant. (4/8/08)

I just happen to have two Crofton condos listed now that you can buy with CDA down payment and closing cost assistance through the More Houses 4 Less and House Keys 4 Employees Prgrams:

2054 Happy Lane, Crofton, MD -

Probably the NICEST 2-bedroom Crofton condo on the market, with a beautiful view of the pond and open space, upgraded kitchen with granite counters, new carpet upstairs, laminate flooring downstairs, huge landscaped deck, updated bath, and a garage. You won't have to spend a penny on fix-up when you move into this home, because it's already up-dated to the nines. Priced in the $230's.

1636 Fendall Court, Crofton, MD -

Maybe the best deal in Crofton for a 2-bedroom Crofton condo, since the seller is willing to provide closing cost assistance in addition to any grants from CDA. Your kids can walk to Crofton Elemntary from here, and there's a tot-lot within sight of your kitchen window. Ameridream/FHA is another option for financing this home. Priced in the $230's.

Coming Soon: 3-bedroom Crofton rancher in the upper $300's. Not yet listed. Check with me, if you would like an advance peek at this home.

These programs are not limited to condos, however. Chances are the detached home you want to buy in Ann Arundel County is eligible. Click here to view all Crofton homes for sale.

Many thanks to Bob Lockhoff of Well s Fargo Mortgage for keeping me updated about these programs and helping my clients obtain one of these Maryland CDA mortgage loans.

RELATED LINK:

• Your Online Relocation Package for Anne Arundel County Maryland
• Find out how today's mortgage interest compares with the rates last week and last month