Carlyn Lowery, Associate Broker, Lowery Home Team at eXp Realty, Annapolis and Anne Arundel County MD Real Estate

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Five Ways to Buy Maryland Real Estate with Nothing Down

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Today, the news says the economy is a mess, people are having trouble paying their bills, and the banks are being cautious about lending.   And they say that all this trouble came from lending that was just too free and easy.

And yet, people are still buying homes with nothing down!

Tempted?   Here are five ways that are proven to work…

1.  Get a Veterans Administration (VA) loan.  This is a great solution for active duty military and former service members.  Got orders to Fort Meade, NSA, USNA, Andrews AFB, Annapolis Naval Station, the Pentagon, or another Maryland duty station?  Consider a VA loan.

2.  Get 100% financing through your credit union.  Navy Federal Credit Union, for example, offers 100% financing at competitive rates, and membership is open to many people other than service members, including DoD civilian employees, DoD contractors assigned to US government installations, and family members.  Here’s the eligibility checklist.

3.  Get help from your employer.  Many employees, of companies and the State of Maryland, are eligible for no-interest loans and employer matching funds for downpayments.  The CDA programs including “House Keys for Employees” and the “BRAC Match” programs can cover the entire downpayment.  Check with your Human Resources Department at work.

4.  Negotiate for the seller to pay closing costs.  This is very common in our market, especially for homes priced below $350,000.

5.  Get a gift from a friend or family member to help with the downpayment.

If you know someone who doesn’t yet own their own home, please share this information with them!  (If you want, feel  free to delete the part about the gift.)

Call me today for all your Annapolis real estate needs.

Carlyn Lowery, Associate Broker, eXp Realty, Annapolis Real Estate, Anne Arundel County, Maryland, 443-569-3977 or 888-860-7369 x146

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Here are some client reviews of Carlyn Lowery…

“Carlyn got us a quick sale above the asking price. She qualified prospects well, used a professional photographer for advertising photos, and provided expert advice during negotiations. Carlyn is what other Realtors aspire to be!”
– Paul Donnelly

“As first time home buyers, Carlyn Lowery was very attentive to our basic needs of walking us through each step of the home buying process from a novice standpoint. The long detailed list of items due at specific times from the start of the contract all the way through to the week of closing was greatly appreciated. It was great having an agent who took the time to clearly lay this all out for us. End result – a very smooth time at settlement. No surprises!”
– Ann Hannam

“We wanted a professional who would work with us to sell our home
quickly for a good price and protect our interests as sellers through the process.
Carlyn’s business acumen is her (and will be your) greatest asset.”
– Sue Bogard

“Carlyn was wonderful. She was organized, prepared, and knew the steps to take to sell our home quickly and used a wide array of marketing to get the job done. She gave great advice
during each of the phases, and in particular on the negotiation.”
– Michael Morgan

 

Questions? Call Carlyn Lowery today.

443-569-3977 – Direct
888-860-7369 x146 – Main Office
click to Email

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