Comments on: Baltimore County’s New Mortgage Assistance Loan Program (MALP) Up to $35,000

By: Naji Rashid

Naji Rashid — Sat, 01 Jan 2011 19:01:27 +0000

Hello Charlise,
Happy New Year! I will call you on Monday so we can discuss your situation.

By: charlise jefferson

charlise jefferson — Fri, 31 Dec 2010 01:17:27 +0000

I am not renewing my lease in February 2011 because my family is expanding and we need more space. I am interested in finding out what I need to do to become a 1st time homebuyer. My credit is not the best but I am preparing to move forward. Please contact me with more info. so I can get started.(443-518-6440)

By: Naji Rashid

Naji Rashid — Mon, 15 Nov 2010 16:53:42 +0000

Hello James the MALP program allows the seller to do up to $2500 worth of repairs and get reimburse at settlement from the MALP proceeds. The program does not target forclosures. the NSP program targets forclosures. The NSP program can only be used with forclosure properties in targeted zipcodes.

By: james

james — Thu, 11 Nov 2010 04:51:56 +0000

I thought MALP Program pays for repairs up to $2500, as long it is done by a licensed contractor? also, rumor has it that it targets homes in foreclosure. if that is true why would it require the seller to fix items up to $2500.

By: Naji Rashid

Naji Rashid — Mon, 24 Aug 2009 21:54:17 +0000

Unfortunately, the MALP program can not be used with a REO property. The MALP program require that the seller agree to do all the repairs that the home inspector finds. REO properties are sold in as-is condition the bank will not do repairs.

By: Inquiring Mind

Inquiring Mind — Sun, 23 Aug 2009 02:17:01 +0000

Hello… I would like to know if the MALP program can be used with REO homes?

By: Naji Rashid

Naji Rashid — Thu, 23 Apr 2009 17:42:05 +0000

Hell Ash,
If 50% or more of your salary is going towards your mortgage you should call your mortgage company to see if you can do a stream line refinance to get your mortgage payments reduced. The Baltimore County programs like MALP are for first-time home buyers and can be used for down payment and closing costs assistance. None of those programs can assist an existing homeowner.

By: Ash

Ash — Wed, 22 Apr 2009 16:46:57 +0000

I own a home. More then 50% of salary goes towards my mortigage. Do you have any suggestions or better program from state or county. Right now rate i am paying is 5.6 APR.

By: Robyn Williams

Robyn Williams — Mon, 18 Aug 2008 22:44:16 +0000

I would like to learn more about the program, specifically if you can assist individuals with low credit scores. Please contact me at 410-925-7942.

By: Lynn Hopkins

Lynn Hopkins — Mon, 07 Jul 2008 13:02:57 +0000

Single parent household of 2 income of $65,000 (two fulltime jobs) credit score 560. Is my income to high for this program. What is 80% percentage of area median for income? I can be reached at 443-739-8608.