I’m trying to buy a house in Bowie Maryland what’s the first thing I have to do my credit is excellent do I have to call you first or should I call a lender first
Never apply for new debt such as cars or credit card when home shopping. You can search for other home loan options because the bureaus and banks will see that your Morgtage shopping. A pre approval is an inquiry and not a closed loan.
Can I use multiple programs at the same time. For example could I do the smart buy 3.0 and the flex 5000 with the partner match program at the same time as a first time homebuyer?
Exellent
Hey this was a really great video!! Thanks
Could you explain the MMP where you have to pay the MMP back if you sell or rent your home. I think it’s 5 percent
Thank you.
Thank you for this informative breakdown.
Your welcome!
Wait a min so I can use a loan from my bank and that Maryland home loan program
Only if the bank is signed up for the program
veterans exemption? of property tax?
They aren’t exempt from property taxes. They are exempt from certain closing costs and fees.
Can I combine the MD assistance program (for closing cost assistance) with a VA loan? Or just have to use a VA loan only?
You shouldn’t have any expenses with the VA loan. My lender can help you get in with closing costs taken care of.
I’m trying to buy a house in Bowie Maryland what’s the first thing I have to do my credit is excellent do I have to call you first or should I call a lender first
Call a lender first :)
Do any of the loan options cause a problem for mortgage Pre approvals? I know lenders don’t really like to see new debt when you’re trying to qualify
Never apply for new debt such as cars or credit card when home shopping. You can search for other home loan options because the bureaus and banks will see that your Morgtage shopping. A pre approval is an inquiry and not a closed loan.
Can you use VA loan and Smartbuy together?
Can I use multiple programs at the same time. For example could I do the smart buy 3.0 and the flex 5000 with the partner match program at the same time as a first time homebuyer?
Yes
@@DownPayment-Assistance thank you so much!
Your welcome I’m here to help!
Can this be used toward purch of land?
Do you have to be a Maryland resident to qualify for these programs? How would it work for active military members?
No you do not. If you are active military I would look into using the VA loan program. With the VA program you do not have to come out of pocket.
Thank you for the insight!
Is there credit limits for grants??
Yes for any issued by the state.
Do you have a contact to where I can contact you
Yes 301-357-6190
Very well presented Ronnie! Quick question: Can you use these loans to get over 100% financing combined please?
Yes that’s normally the goal.
@@DownPayment-Assistance 3.5% down for fha and 3% down conventional then add the grant/ second trust?
@@jayhoffman2005 you can get the grants to cover the downpayment and any other closing costs.
@@DownPayment-Assistance Thank you!