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The time to be a first-time Home Buyer in Prince George's County, MD is NOW!

The time to be a first-time Home Buyer in Prince George's County, MD is NOW!

There are many incentives to buy a house that are available right now, however, many of these incentives are expected to change or come to an end in the near future. 

DREAM PROGRAM

  • Downpayment on your dream program is a downpayment and closing cost assistance program valued at up to $20,000.
  • To be eligible, a buyer must be a first-time home-buyer and purchase a vacant, foreclosure in one of 33 target zipcode in Prince George's County.
  • Deadline for application is February 19, 2010.  Funding will be awared on a first completed application, first served basis until all funds have been disbursed.

FIRST TIME HOME-BUYER TAX CREDIT

  • $8000 tax credit offered by the federal government
  • To qualify the purchaser must be a first-time home-buyer
  • The home must be under contract by April 30, 2010 and must close by June 30, 2010

FHA CHANGES

  • Changes are coming to the FHA lending rules beginning in April 2010.  These changes will impact downpayments and other up-front costs associated with buying a home.
  • The upfront mortgage insurance premium (UFMIP) will increase to 2.25 percent up from 1.75 percent.
  • Borrowers with a credit score below 580 will be required to have at least a 10% down payment. The minimum down payment will remain at 3.5% for all other borrowers.
  • Seller concessions will be reduced from 6% to 3%

First-time Home Buyers, there is still time to take advantage of these programs and incentives before the deadlines or the aniticapted changes occur.

If you are interested in buying a home in Prince George's County, MD please give Stacey-Ann Baugh a call!

If you or someone you know would like information about buying, selling, or renting a home in Prince George's, Montgomery,  Charles, Calvert, Anne Arundel, Howard, and/or Baltimore Counties please contact Dr. Stacey-Ann Baugh of Century 21 New Millennium.

 

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Donations made to charity with every successful closing!


Dr. Stacey-Ann Baugh

Century 21 New Millennium

www.LiveinPGCounty.com

staceyannbaugh@gmail.com

240-481-3565 (C)

202-546-0055 (O)

 

FINALLY!  A DOCTOR WHO MAKES HOUSE-CALLS!

 

Information deemed reliable but not guaranteed! 

 

 

 

Comment balloon 5 commentsDr. Stacey-Ann Baugh • January 26 2010 12:03PM

Comments

Stacey-Ann,

 I can hear it now..........I shoulda, coulda brought a home in 2010.  Lets hope some of our potential clients climb down off of hte fence.

Have a great day

Leander

Posted by Leander McClain, Cecil & Harford County Realtor almost 9 years ago

Stacey Ann,

There are so many things coming together at the same time that favors buyers right now.

Rich

Posted by Richard Iarossi, Crofton MD Real Estate, Annapolis MD Real Estate (Coldwell Banker Residential Brokerage) almost 9 years ago

Leander - I think you are right, there will be lots of shouldas

Rich - This is an amazing time to be a buyer

Posted by Dr. Stacey-Ann Baugh, A doctor who makes house calls. (Century 21 New Millennium) almost 9 years ago

Yikes. February 19th. Buyers in PG County need to get their act together and take advantage

Posted by Ellie McIntire, Luxury service in Howard County & Catonsville (Ellicott City Clarksville Howard County Maryland Real Estate) almost 9 years ago

Stacey, I just re-blogged!  Great information!

Posted by Bridget "Mortgage Mama" McGee, Maryland Mortgage Mama NMLS#196068 (SWBC Mortgage 410-960-2061) almost 9 years ago

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