Thinking of buying in Frederick County? There is a special new program about to come on line to purchase REO properties in Frederick County. The program is funded by the federal Neighborhood Stabilization Program (NSP) in conjunction with the Maryland Department of Housing and Community Development's Neighborhood Conservation Initiative. This program is for bank owned properties in specific targeted areas in Frederick County.
The program gives loans from $15,000 - $25,000. These are 0% interest loans for owner occupied purchases and the loans are forgiven after 15 years. The specifics will be posted on the Frederick County website at www.co.frederick.md.us/nci Although the site is not open yet you can go there and sign up to be notified when it opens.
The initial program offers a $15,000 loan for the purchase of the REO properties in targeted areas. A bonus offer of an additionsl $5,000 is offered for buying in "severe" targeted areas and an additional $5,000 bonus loan is offered for targeted employees. Those targeted employees are:
Fulltime emplayees of
City of Brunswick
City of Frederick
Frederick Community College
Frederick County Public Schools
Frederick County Government
Frederick Memorial Hospital
Maryland State Police - Frederick Barracks
Frederick County Volunteer Fire & Rescue Association, meeting LOSAP requirements
Only Realtors and Lenders who have been through the training and are approved can help you with this program.
 |
|
|
My goal in real estate is my client's happiness. Over twenty years in this business have taught me that putting my clients first is a win for everyone.
ActiveRain Corp. is not responsible for the accuracy of the site's content (which is written by members of the ActiveRain Real Estate Network) and does not endorse the views of the real estate agents, mortgage brokers, and others listed here.
Powered by the ActiveRain Real Estate Network
© 2012 ActiveRain Corp. All Rights Reserved
