Deciding where to go for financing YOUR new HOME?
WE’RE LICENSED MORTGAGE PROFESSIONALS, AND HOME TO SO MUCH MORE!
- Lower rates and cheaper costs & Zero Points
- Multiple loan products to choose from, not just two or three
- Closing normally in 30 days or less
- Specialize in mortgages and refinances
Purchase a home with just 0% down with the USDA Home Loam Program
USDA LOAN BASICS
The USDA RD guarantee loan program enables eligible home buyers to purchase a home with $0 down while also obtaining a favorable interest rate. The program is primarily designed to be used by low to moderate-income individuals and families in rural areas.
In order to be eligible for the program, the total annual income earned in the borrower’s household must not exceed USDA’s annual household income limits. The USDA defines these limits as being 115% of the median household income earned in the area in which the property is located.
In addition to the household income limits, the property itself must be located in what USDA classifies as a “rural” area. In the past, USDA has generally defined a “rural” area to be any area other than a city with a population greater than 35,000. While this definition can be thought of as a general rule of thumb, it does not hold true in all circumstances.
RESOURCES
The links below consist of various USDA loan-related resources that you may find helpful.
∎ USDA Income & Property Eligibility Site
∎ USDA Property Eligibility Guide
∎ USDA Income Eligibility Guide
∎ USDA RD Guaranteed Loan Program Basics
USDA LOAN BASICS
The USDA RD guarantee loan program enables eligible home buyers to purchase a home with $0 down while also obtaining a favorable interest rate. The program is primarily designed to be used by low to moderate-income individuals and families in rural areas.
In order to be eligible for the program, the total annual income earned in the borrower’s household must not exceed USDA’s annual household income limits. The USDA defines these limits as being 115% of the median household income earned in the area in which the property is located.
In addition to the household income limits, the property itself must be located in what USDA classifies as a “rural” area. In the past, USDA has generally defined a “rural” area to be any area other than a city with a population greater than 35,000. While this definition can be thought of as a general rule of thumb, it does not hold true in all circumstances.
RESOURCES
The links below consist of various USDA loan-related resources that you may find helpful.
∎ USDA Income & Property Eligibility Site
∎ USDA Property Eligibility Guide
∎ USDA Income Eligibility Guide
∎ USDA RD Guaranteed Loan Program Basics
Maryland Mutual Mortgage IS EXCITED TO OFFER THE 0% DOWN VA HOME LOAN PROGRAM
• Qualified Veterans can finance up to 100% of the purchase price and get up to 4% Seller Help!
• Great low rates
• Close in 30 days or less
• VA 30, 20 & 15-year fixed programs
• Available with no monthly Mortgage Insurance
There’s no reason to wait. Call today and get the home you’ve always wanted.
• Qualified Veterans can finance up to 100% of the purchase price and get up to 4% Seller Help!
• Great low rates
• Close in 30 days or less
• VA 30, 20 & 15-year fixed programs
• Available with no monthly Mortgage Insurance
There’s no reason to wait. Call today and get the home you’ve always wanted.
Purchase a home with just 3% down and reduced or no MONTHLY mortgage insurance.
Don’t let a big down payment keep you from owning your dream home.
Talk to us about THE CONVENTIONAL 3% DOWN LOAN today.
- Down payment as low as 3% (even for first time homebuyers)
- Reduce or even eliminate monthly Mortgage Insurance (not possible with FHA)
- Usually faster, easier and with a lower monthly payment than FHA
- Use gift funds for your entire down payment
- Refinance your current mortgage with as little as 5% equity (regardless of current mortgage program)
Don’t let a big down payment keep you from owning your dream home.
Talk to us about THE CONVENTIONAL 3% DOWN LOAN today.
Purchase a home with just 3.5% down and reduced or no MONTHLY mortgage insurance.
- Down payment as low as 3.5% & Insured by the FHA
- Up to 6% Seller Help towards YOUR closing costs!
- Credit scores down to 580
- Home Improvement & Purchase with a FHA 203k Program
- Use gift funds for your entire down payment
- FHA Mobile Home Loans
FHLB Nationwide Grant
Maryland Mutual Mortgage can assist home buyers in their journey into home ownership by providing matching funds for the down payment, closing cost, and rehabilitation cost incurred when purchasing a home. With the First-time Homebuyers Product and Community Partners Product, Maryland Mutual Mortgage can provide up to $10,000 in home buying assistance!
First-Time Homebuyers Product Highlights
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Community Partners Product Highlights
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All products are offered through the Federal Home Loan Bank of Atlanta. Household income requirements apply. Please see Federal Home Loan Bank of Atlanta’s Housing implementation Plan at www.fhlbatl.com for complete product requirements; or speak with a mortgage specialist. All programs, rates, terms and conditions are subject to change without notice. This is not a commitment to lend. All loans subject to credit and collateral approval. All loans are offered through Florida Capital Bank, N.A. NMLS #790396. © 2021 Florida Capital Bank, N.A. Member FDIC.
"Click" On a photo below for more info on different programs!
Disclaimer: The terms and conditions are subject to change until the lender locks the loan in Lender Online. A potential borrower should contact an approved lender for further loan information (see mmp.maryland.gov for a list of approved lenders). In connection with the Maryland Mortgage Program, the Maryland Department of Housing & Community Development makes no promises, representations or warranties to any party, including any borrower, about the actual benefit a Maryland Mortgage loan might provide in specific situations. Each borrower’s situation is different, and potential borrowers should seek the advice of a financial advisor, attorney or housing counselor before entering into any loan transaction.
For more information, please visit:
MMP. Maryland.gov
For more information, please visit:
MMP. Maryland.gov