September 8, 2016: Buy a New Home in Maryland has announced a new Conventional Loan program that requires only a 1% down payment to buy a home. This program is available to both new buyers and previous homeowners. Not only in the state of Maryland, the offer is also available in the District of Columbia, Virginia, Pennsylvania, Delaware, Florida, and Illinois. “We make buying a house a much simpler process.” Says the website of Buy a New Home in Maryland. A team of assistants is available 24/7 to help buyers.
“We are thrilled to be able to offer this new 1% down Conventional loan to our clients,” said Gerald Bouthner, Marketing Manager at Buy a New Home in Maryland. “One of the biggest obstacles to homeownership is coming up with the down payment.” He further added.
This is an unprecedented offer in all of the United States, and people are very excited about it since its announcement on September 5th. The response by the public in all of the states is immense and it is expected that some people from other states may even move to these states to become homeowners.
Program highlights include 700+ FICO, 43% max DTI and also with great low rates and the loan closes in 30 days or less. In addition to 1% down conventional loans, the offer is available with absolutely no Monthly Mortgage Insurance. This reduces the overall monthly payments on the house.
The team of local Maryland Mortgage Brokers can help the buyers determine which Maryland first time home buyer program may work best for them with the lowest possible interest rate.
Owning a home is the dream of every American and in the desired areas of D.C, Illinois, Maryland, Delaware, Florida, Virginia, and Pennsylvania this offer is a great way to get started. This program makes home-ownership a possibility to many that otherwise would struggle to come up with the larger down payment required for other loan programs. With just 1% down, borrowers can get into a new home. Even better, with this program the Lender contributes an additional 2%, giving the home buyer 3% equity right from the start.