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Archive for Grant Programs
The 7 Things You Must Know to Successfully Receive Grant Money!
I am asked all the time “how do you become eligible to receive grant money.” Applying for grant money is a process that must be followed correctly or a buyer could be made ineligible to receive grand funds. I have created a free report “The 7 Things You Must Know to Successfully Receive Grant Money” [...]
Happy New Year!!!
I believe 2009, will be a fantastic year for buyers. Interest rates will remain low, housing inventory is high, prices have fallen, and sellers will contribute towards buyers closing costs. What more can a buyer ask for? Grant programs are available for Baltimore City and Baltimore County first-time home buyers, call or email me for [...]
First-Time Home Buyer Receives $21,500 in Grant Money!
Last month a couple received $21,000 in closing cost assistance because the husband was a city employee. Here is a list of the programs he used; ADDI (American Dream Down Payment Initiative) $10,000 Baltimore City Employee Grant $3,000 House Keys Match $3,000 Smart Keys Match $3,000 DSELP $2,500 The buyers only put $1,000 of their [...]
Baltimore City’s $10,000 ADDI Forgivable Grant is Back!!!
The American Dream Down Payment Initiative is back for home buyers purchasing in Baltimore City and many buyers are taking advantage of the program. Income Limits are as Follows: 1 person household $43,050 2 person household $49,200 3 person household $55,350 4 person household $61,500 5 person household $66,400 6 person household $71,350 7 person [...]
Free Home Buyer Seminar for John Hopkins Bayview Employees!
On November 18th, 20th, and 21st, I will be conducting free seminars for John Hopkins Bayview employees along with Brian Kesler with SunTrust Mortgage. Our topics will be; Understanding the real estate market. How property taxes affect your monthly payment. Buyers Agent vs Listing Agent- know the difference. 10 mistakes home buyers make. How escrow [...]
What Are The MMP+2% and MMP+3% Programs?
The MMP+ 2% program is a premium priced first mortgage program that offers a first mortgage (at a slightly higher interest rate) that provides borrowers with a 2% closing cost assistance grant. The grant is repayable in full upon sale, transfer, or refinance within the first four years from date of closing; it is completely [...]
What Is DSELP?
DSELP stands for the Downpayment Settlement Expense Loan Program. The program helps eligible borrowers who are purchasing a home with a purchase price of $200,000 or less by funding a portion of their downpayment and closing costs. Individuals or families who are approved to purchase a home using a Maryland Mortgage Program first mortgage loan [...]
What Is CDA?
I have received emails from prospective buyers asking me what is CDA? CDA stands for the Community Development Administration. CDA offers three standard downpayment and closing cost assistance products for any borrower who is eligible for a Maryland Mortgage Program loan. Borrowers can choose to receive a closing cost assistance grant from either the MMP+ [...]
Baltimore County’s New Mortgage Assistance Loan Program (MALP) Up to $35,000
The pilot program is an effort to encourage first time homebuyers to consider homeownership in existing residential communities in Baltimore County. The program is administered by nonprofit groups and is available in designated communities. Home Buyer’s Workshops and homeownership counseling are offered to potential homeowners. Mortgage Assistance loans up to $35,000 are available to families [...]
Federal Home Loan Bank of Atlanta
The Federal Home Loan Bank of Atlanta First Time Home Buyer Program is back in Maryland starting this month. The First Time Home Buyer Program (FHP) provides matching funds for down-payment and closing cost assistance to low and moderate income home buyers. In partnership with member financial institutions, The First Time Home Buyer Program awards [...]
