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The Family Homeownership Program (FHOP) offers 100% financing without mortgage insurance for eligible buyers (no down payment required). Eligibility for the program is based on either a) meeting household income caps or b) buying in an area where there is no household income cap. Although being a first time home buyer is not a requirement…

Both your home purchase as well as the mortgage on your property are recorded in public record after you purchase.  Therefore, after you purchase you’re highly likely to receive some solicitations by mail. It’s also common for these solicitations to show the name of your lender on the envelope or letter or both, as a…

There are 3 credit bureaus: Equifax, Transunion and Experian.  The credit bureaus are businesses, and one line of business they are in, is in selling leads to creditors. For instance, competing mortgage lenders can pay the bureaus to be informed when someone pre-qualifies for a mortgage loan.  The home buyer might then be contacted by…

UPDATE: This program has exhausted funds and it’s unknown whether it’ll be funded again.   Greenbelt Home Advantage is an enhancement of the Maryland Mortgage Program (MMP), for eligible purchasers.  Learn more about MMP here: https://alexjaffe.com/md-down-payment-assistance  This program offers a grant of $15,000 to home buyers purchasing within Greenbelt (zip code 20770).  However to be…