Tuesday, March 20, 2012
358 Enfield Rd Joppa, MD 21085
Great home for sale in newer neighborhood. Check out the custom website for this property or contact me for a private showing.
www.358enfieldrd.com
Is it a great time to buy?
Check out this article in Forbes. While the market is slow and rates are still at all time lows, now IS a great time to buy a home. This article may be coming up on a year old, but it is even more true today. Statistics are showing a slow down in the drop in housing prices and a reduction in housing inventory. This is a prime time to make a move. Visit www.allhomes4me.com for an easy to use search tool or call me at anytime to make an appointment to see acvailable homes.
Thursday, November 18, 2010
Wednesday, September 1, 2010
Thursday, August 26, 2010
Buying a Home with a VA Loan in Maryland
The average cost of a home in Maryland is higher than in most areas of the United States. Homes in Maryland average around $250,000 with homes priced higher than $500,000 not being uncommon. To the prospective homebuyer in Maryland, trying to find financing to secure a higher priced home can seem like a daunting task, but if you are a veteran, active duty member, or an eligible spouse, securing financing for your home in Maryland is easy with the VA home loan program.
What is a VA Home Loan?
Since 1944, the VA has provided millions of veterans and active duty service members the chance to achieve homeownership through the VA home loan program. The VA partially insures each loan which allows the VA loan program to provide excellent benefits to service members that they wouldn't be able to find with regular lending programs. Some of the VA programs more popular benefits are competitive interest rates, flexible eligibility requirements, and lenient loan terms, but also include:
• Zero down payment required
• No mortgage insurance required
• Flexible debt-to-income ratios allowed
• Regulated closing costs
Who is Eligible for a VA Home Loan?
The VA home loan program is dedicated to helping veterans and active duty service members purchase homes. Because of the nature of the real estate economy across the country, it is becoming harder and harder to finance homes (or refinance existing home loans) in the conventional manner. Nearly 80% of all veterans and active duty service members who obtain financing through the VA loan program would not have been able to do so through a conventional loan program. To initially meet eligibility requirements for a VA home loan, borrowers must obtain a Certificate of Eligibility and:
• Have served 181 days on active duty or 3 months during war time
• Or have served 6 years in the National Guard or Reserves
• Or be the spouse of a service member who was killed during active duty
Although the eligibility requirements to secure financing through the VA home loan program are limited, most VA-approved lenders will require a mid-range credit score of at least 620 to qualify a borrower. Even those who are skeptical of their eligibility are still encouraged to apply for a VA loan as even those with an imperfect credit history have been approved.
Thanks to James Kelley of vabenefitblog.com for this useful info.
What is a VA Home Loan?
Since 1944, the VA has provided millions of veterans and active duty service members the chance to achieve homeownership through the VA home loan program. The VA partially insures each loan which allows the VA loan program to provide excellent benefits to service members that they wouldn't be able to find with regular lending programs. Some of the VA programs more popular benefits are competitive interest rates, flexible eligibility requirements, and lenient loan terms, but also include:
• Zero down payment required
• No mortgage insurance required
• Flexible debt-to-income ratios allowed
• Regulated closing costs
Who is Eligible for a VA Home Loan?
The VA home loan program is dedicated to helping veterans and active duty service members purchase homes. Because of the nature of the real estate economy across the country, it is becoming harder and harder to finance homes (or refinance existing home loans) in the conventional manner. Nearly 80% of all veterans and active duty service members who obtain financing through the VA loan program would not have been able to do so through a conventional loan program. To initially meet eligibility requirements for a VA home loan, borrowers must obtain a Certificate of Eligibility and:
• Have served 181 days on active duty or 3 months during war time
• Or have served 6 years in the National Guard or Reserves
• Or be the spouse of a service member who was killed during active duty
Although the eligibility requirements to secure financing through the VA home loan program are limited, most VA-approved lenders will require a mid-range credit score of at least 620 to qualify a borrower. Even those who are skeptical of their eligibility are still encouraged to apply for a VA loan as even those with an imperfect credit history have been approved.
Thanks to James Kelley of vabenefitblog.com for this useful info.
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