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Buy a New Home in Maryland
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3- Find out your financing options.
1- Complete this online form.
2- Connect with a Loan Officer.
Start the home buying process here.
Are you wondering how to buy a home with no money down? If you are looking to buy a new home in Maryland with no money down. There are four basic ways to accomplish this. If you are a veteran of the armed forces, you may qualify for 100% financing with a VA purchase loan. If the area you are looking to buy in is an approved rural developing area, you may qualify for 100% financing with a USDA purchase loan. If you are a first time home buyer, you may qualify for one of Maryland's down payment assistance programs.
After accomplishing getting a home with a zero down payment with one of the three steps above. The final step to buying a home in Maryland with no money down, is obtaining seller assistance towards closing costs as part of your purchase agreement with the seller(s). USDA, VA, and FHA mortgages all allow up to a 6% seller contribution toward closing costs. Generally a 4% seller contribution is sufficient to cover the buyer's portion of closing costs.
Our team has years of experience helping Maryland home buyers purchase a home with little to nothing down. Our team offers VA, FHA, USDA, and Conventional loans. Our team can get you pre-approved for a purchase loan. If you are a veteran, our team can help you see if you qualify for a VA loan. If you want to find out if the area you want to buy in is a USDA eligible area, our team can find out for you. If you want to apply for a down payment assistance program, our team can also help you with that.
Our team can also set you up with a daily email of homes for sale in the area you want to buy in. View these homes until you find the homes you want to go see. Our team can then set you up with a realtor to take you out to see them. A buyers realtor costs the home buyer nothing. Buyers realtors are paid out of the seller's proceeds, with a split of the seller's realtor costs. Having a realtor represent you as a buyer offers many advantages. To contact us simply call or fill in the form below.