A great new program established the beginning of 2008 has made home buying in Berkeley County WV easier. Below are the some of the details of the program.
Eastern Panhandle HOME Consortium of West Virginia
HOMEBUYER ASSISTANCE PROGRAM
WHAT IS IT? A homebuyer assistance program (HAP) for first time homebuyers in Berkeley County and the City of Martinsburg. HAP provides income-eligible first time homebuyers with a deferred no-interest loan for downpayment and closing costs. The loan is forgiven if the buyer remains in the home for the term of the loan. The amount of the loan depends on the buyer's need for assistance.
WHO CAN USE HAP?
• FIRST TIME HOMEBUYERS
• INCOME ELIGIBLE*
• HOUSE MUST BE IN BERKELEY COUNTY
• HOUSE MUST PASS CODE INSPECTION
HOW DOES HAP WORK?
• BE PRE-QUALIFIED BY A MORTGAGE LENDER
• COMPLETE A HAP PRE-APPLICATION
• COMPLETE HOMEBUYER EDUCATION
• BORROW UP TO $20,000 FOR DOWNPAYMENT AND CLOSING COSTS
• HAP LOAN AMOUNT DEPENDS ON HOMEBUYER'S ABILITY TO AFFORD THE FIRST MORTGAGE
• TERMS ARE 5 YEARS FOR LOANS LESS THAN $15,000; 10 YEARS FOR LOAN OF $15,000 OR MORE.
• HAP LOAN DOES NOT NEED TO BE REPAID IF YOU REMAIN IN THE HOME FOR THE TERM OF THE LOAN (5 OR 10 YEARS)
* HOUSEHOLD INCOME LIMITS SHOWN FOR EACH HOUSEHOLD SIZE
1 Person-$37,050
2 Persons-$42,350
3 Persons-$47,650
4 Persons-$52,650
5 Persons-$57,200
6 Persons-$61,400
7 Persons-$65,650
8 Persons-$69,900
For more details contact me. I will also put you in touch with a qualified lender to get you on your way to a new home.
Finally after over a year my log home in Boonsboro Maryland is completed. Well mostly at least! Being the general contractor and completing a good portion of the work myself definitely is a time consuming process. Having going through the entire process from purchasing the land, obtaining the required permits, establishing all the utilities, building codes, to obtaining the final occupany permit really gave me a better understanding of the entire process. I have help clients buy and sell many homes and land and have bought, sold, and renovated several myself but it's not until you are fully involved from taking raw land to a finished home do you have the full picture of what is involved.
One thing for sure is building a log home is not like a standard home. The amount of woodworking involved as opposed to throwing up drywall takes a great deal more time although the outcome is worth it and very unique compared to many other homes in the area.
If you are looking for an real estate agent in Frederick or Washington County MD or surrounding areas familiar with the process to help you obtain a property and get you started on building a home, contact me.
Search all homes in Frederick, Washington, Berkeley or Jefferson County
Many home buyers would love to own a property in Frederick County situated on large tracts of land. Whether you are looking for a place to board horses, hunt on, farm or just prefer the seclusion it offer, Frederick county still has many rural areas to accommodate this desire.
Here is a summary of the current available properties with homes on them, situated on 25 acres or greater and located in Frederick County Maryland.
For complete details of these listings contact me
As the Frederick real estate market has taken a downturn in values recently it has created a better situation for homebuyers that were unable to purchase just a few years ago when home values peaked.
With rates still at historic lows buyer should be taking advantage of this new market.
Here is a list of affordable frederick county homes currently listed as of 6-13-08 (not including townhomes or condos).
Under $150K
$175K-$200K
For a more detailed list of affordable Frederick Homes. Contact Me.
I just had someone contact me the other day regarding a 7 acre lot they were interested in selling. As we all know the housing market is slow but the land market is REAL SLOW. To give this person and idea about the land market in Frederick County I sent her some stats which are as follows.
Currently there are 115 active land listings in Frederick County in the 5-15 acre range.
There are 6 currently under contract. Four of which are either commercial or development potential.
And now for the biggy. ONLY 4 lots have sold in the last six months in this 5-15 acre range with the prices ranging from $99,900-$292,500.
Since many buyers have slowed in home buying even fewer buyers are looking for land.
The next few years may be the best opportunity to find fantastic deals on land as sellers cut prices down on these lots.
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Maryland and West Virginia Real Estate Agent- Serving Frederick, Washington, Carroll, and Montgomery Counties in Maryland and Jefferson and Berkeley Counties in West Virginia. Search homes
I am a full time Maryland and West Virginia licensed agent serving the Mid-Maryland and Eastern West Virginia panhandle. Being a lifetime resident of Frederick County I know the local market like the back of my hand. My Education includes a B.S. from UMBC and a Masters from Hood College in addition to various computer certifications and training. I previously worked in the bio-technology field before pursuing real estate full time.
Hobbies include real estate investing, fishing, many outdoor activities, do-it-yourself projects, and a variety of sports.
Search my website for homes, housing reports, community information and more...
Whether you are an investor, a first time homebuyer or buying your tenth home I know what it takes to ensure a smooth transaction. I primarily service Frederick and Washington Counties in Maryland and Jefferson and Berkeley Counties in West Virginia.
Residential, new homes, farms, land, and investments
SEARCH HOMES IN MARYLAND AND WEST VIRGINIA
"We cannot say enough about the professional and helpful way Craig Smith worked with us. I will highly recommend Craig to everyone I know. He sold our home quickly and for a price better than we expected. " The Stewarts
"Thanks so much for being patient with me--I know that it has been about two months since we first contacted you. We've really appreciated getting the periodic emails from you about listings. " E. Germino
"Rob and I both wanted to thank you very much! We really enjoy the new house! So all is well and we are enjoying the new townhouse. Thanks again!!" The Schmidts (and kids)
"Thanks so much for helping us sell our home. We appreciate the hard work you have done through the entire process and being so available to our needs." Heather and Josh
"I would definitely recommend him." B.Brake
"Craig did a wonderful job. He was a very pleasant person." The Stitelys
"We selected you based on your helpful website and you were even more helpful. You knew the area very well and were very patience with us. We will definitely be contacting you when we are ready to sell. Thank you!" The Shermans
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