VA LOANS
VA LOAN LIMITS FOR FREDERICK COUNTY - $729,000 100% FINANCING
NO DOWN PAYMENT,
ALL CLOSING CAN BE PAID BY SELLER.
FHA LOANS
FHA loans will require a 3.5% down payment.
Seller paid closing cost up to 6% of purchase price. May be reduced to 3% in 2011.
CONVENTIONAL LOANS
Conventional loans have become difficult and FHA or VA are the preferred loan type as of August 2008.
Contact Homefinders.com, 800-711-7988 and we'll help you understand the various loan types and your individual elegibility. Many mortgage brokers are not approved to originate FHA or VA loans and discourage the FHA or VA loans. Homefinders.com has no affiliation with any mortgage company or mortgage broker. We make our mortgage company referrals based on experience and in the interest of our home buyer's needs.
FIRST TIME HOME BUYER GRANT
If you are a First Time Home Buyer, contact me about elegibility for a GRANT up to $7,500 which can be used for Down Payment and/or Closing Costs.
For homes priced $325,000 or below, the GRANT will pay the Down Payment and under FHA Financing, a seller may pay up to 6% of your closing costs.
Call me for more information, LennHarley, Broker, Homefinders.com, 800-711-7988.
THIS LOAN IS OUT OF FUNDS UNTIL 2011.