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