Blog
1st Time Advantage
Maryland Mortgage Program has numerous loan programs, and 1st Time Advantage is the most common Maryland Mortgage Program product we offer, because it comes with a down payment assistance loan of up to 5% of the loan amount. This program is for first time buyers in Maryland and is available throughout the state. 1st Time…
Read More2024 Limits
Each year the Federal Housing Finance Agency (FHFA) announces changes to loan limits based on changes to average home prices. For 2024, loan limits effective and available today are Conforming: $766,550 Conforming Jumbo: $1,149,825 See announcement here: https://www.fhfa.gov/Media/PublicAffairs/Pages/FHFA-Announces-Conforming-Loan-Limit-Values-for-2024.aspx These numbers are increases from the 2023 numbers of $726k & $1,089k. A conforming loan allows 3% down…
Read MoreImproving HPAP
Today I was given an opportunity to meet with DC Government and share insight on HPAP. DC homeownership (and housing) is unaffordable to many, and HPAP can fix that for some. And the tens of thousands of homeowners since 1980 who’ve been through the program successfully are a testament to that (including 480 of them…
Read MoreFHOP
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…
Read MoreSolicitations
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…
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