To all Maryland military personal, veterans and disabled veterans, this is a must read. If you have been on the fence about buying now is the time. Please take time to read this and if you have any questions please contact me today at www.MarylandHomesbyLynn.com, time is limited.
Crownsville, MD – DHCD is offering special mortgage rates and significant down payment assistance for veterans and active duty military personnel and an even lower rate for disabled veterans.
The special rates are through the Maryland Homefront: The Veterans and Military Family Mortgage program and is in appreciation for their service and sacrifice.
But the special rates are for a limited time only. The initiative ends at the close of business on May 30.
Through the Maryand Homefront program, veterans and active duty military personnel are eligible for a special interest rate of 3.5 percent for a 30-year, fixed rate mortgage. Disabled veterans can qualify for a 3.0 percent rate. Qualified borrowers can utilize the conventional, FHA, VA or Rural Home Service programs and they can purchase a home anywhere in Maryland.
Veterans purchasing under the program may utilize the $5,000 Down Payment Assistance program plus any applicable funds through DHCD’s Partner Match program. Working with employers, developers, local governments and community organizations, the Partner Match program often can make the difference for families that have the income and the credit they need to qualify for a home but not the down payment and settlement costs.
Maryland Homefront is one of several new homeownership initiatives coming this spring and summer. They are designed to help families take advantage of low prices, competitive rates and significant down payment assistance available through the Maryland Mortgage Program, the state’s flagship homeownership program.
To learn more about the Maryland Homefront program, click here.
No comments:
Post a Comment