FAQ

We can combine our down payment and closing cost assistance programs with may types of loans such as FHA, Conventional, USDA, and Veteran loans 

We’ve partnered with various local, state, and federal programs to assist as many homebuyers as possible. Because each person’s situation is unique, a brief consultation with our loan officer will help determine which programs you qualify for. Eligibility depends on factors like credit scores, individual and household income levels, the location of the home, and other specific criteria.

Yes, the funds you receive can typically be used for either your down payment or closing costs, depending on the specific loan program.   

We have programs for both first time and repeat homebuyers.

Aside from your traditional closing costs needed to purchase a home, there is absolutely no cost or obligation to inquire about or apply for down payment assistance.  Additionally, we never charge you anything out of pocket for our services.  We only get paid if you purchase a home, and best of all, we get paid by a third party.   This aligns your goals of homeownership with our goal of helping you get there. 

The home buying process in Maryland typically involves the following steps:

1. Determine your budget and get pre-approved for a mortgage: Before you start looking at homes, it's important to know how much you can afford. Get pre-approved for a mortgage so you can shop for homes within your budget.
2. Find a real estate agent: A good real estate agent can help you find properties that meet your needs, negotiate with sellers, and guide you through the home buying process.
3. Start searching for homes: Look online and in person to find homes that meet your criteria, such as location, size, and price.
4. Make an offer: Once you've found a home you're interested in, work with your agent to make an offer that is reasonable and includes contingencies to protect your interests.
5. Inspections and Appraisals: After an offer has been accepted, the home will need to be inspected and appraised to ensure that there are no major issues and that the home is worth the agreed-upon price.
6. Finalize your mortgage: Work with your lender to finalize your mortgage and ensure that you have the necessary funds to complete the purchase.
7. Closing: At closing, you'll sign all of the necessary paperwork and pay closing costs, including any down payment, taxes, and fees. Once the transaction is complete, you'll receive the keys to your new home.

Throughout the home buying process, it's important to work closely with your agent and other professionals, such as your lender and title processor or attorney, to ensure that everything goes smoothly and that you're getting the best deal possible.

Closing costs in Maryland typically range from 4% to 5% of the total purchase price of the property. These costs can vary based on a number of factors, including the type of property being purchased, the location of the property, and the terms of the mortgage.

Some common closing costs in Maryland include:

1. Title search and title insurance: This covers the cost of searching public records to verify the seller's right to sell the property, as well as protecting the buyer against any claims against the property that arise after the sale.
2. Appraisal fee: This covers the cost of having a professional appraiser determine the value of the property.
3. Home inspection fee: This covers the cost of having a professional home inspector evaluate the condition of the property and identify any potential issues.
4. Loan origination fee: This covers the cost of processing the mortgage application.
5. Recording fees: This covers the cost of recording the deed and mortgage with the local government.
6. Transfer tax: This is a tax on the transfer of ownership of the property.
7. Escrow fees: This covers the cost of setting up an escrow account to hold funds for property taxes, insurance, and other expenses.

It's important to note that closing costs can be negotiated between the buyer and seller, and some of these costs may be paid by either party. It's also a good idea to shop around and compare closing costs from different lenders to ensure you're getting the best deal possible.

If you are planning to buy a property and require financing, then you will likely need to work with a loan officer. A loan officer is a professional who works for a lending institution such as a bank or mortgage company and is responsible for helping borrowers obtain loans for their home purchases.

Here are a few reasons why you may need a loan officer:

1. Expertise: A loan officer has knowledge and expertise about different loan products and can help you choose the best loan option for your needs.
2. Assistance with the loan application process: The loan application process can be complex and time-consuming. A loan officer can guide you through the process and help you complete the necessary paperwork.
3. Access to lenders: A loan officer has access to a network of lenders and can help you find the best lender for your situation.
4. Credit evaluation: A loan officer can evaluate your credit history and help you understand what steps you may need to take to improve your credit score and qualify for a loan.
5. Negotiation: A loan officer can negotiate with lenders on your behalf to secure the best terms and interest rates for your loan.

Overall, working with a loan officer can make the loan application process smoother and increase your chances of securing financing for your home purchase.

There are several reasons why working with a real estate agent can be beneficial when buying or selling a property:

1. Expertise and knowledge: Real estate agents have in-depth knowledge and expertise in the real estate industry. They are aware of the current market conditions, local real estate laws and regulations, and can provide valuable insights to their clients.
2. Access to properties and buyers: Real estate agents have access to listings and potential buyers that are not available to the general public. They can help you find properties that meet your specific criteria and connect you with potential buyers for your property.