FHA MORTGAGE LOANS FOR MARYLAND HOME BUYERS - FHA Loan Limit $729,750 and 3% Down!

WELCOME TO THE NEW FHA LOAN.   OPPORTUNITY FOR MARYLAND REAL ESTATE BUYERS.

HAVING TROUBLE GETTING A CONVENTIONAL HOME LOAN APPROVED?  You bet!  Is the home you wish to buy in a "declining market"?  What’s a "declining market"?  What’s the solution? 

DECLINING MARKET.  Mortgage companies are smart.  While home prices in the Maryland real estate market have come down significantly, conventional mortgages have become harder and harder for buyers to get approved.  5% has become 10% and 10% has become 20%.  In designated "declining market" areas, areas where prices have declined, underwriting and appraisal guidelines are much more difficult than in the past 5 years.  Mortgage companies want to protect themselves from the risk of making loans on homes whereby the market value is likely to decline.  They protect themselves by limiting the amount of money they will lend on properties where there security (the property) will decline in value. 

What is the solution?                                                                                                                          

YES!  3% Down loans are available with FHA Financing.  BUT, THAT’S NOT ALL.  If you qualify, you may be able to obtain DOWN PAYMENT ASSISTANCE from the Down Payment Assistance programs offered by the Nehemiah Program.  Wait!  There’s more.  With FHA Financing, you may receive up to 6% closing cost assistance from the Seller.  Of course, the seller must be willing to make this contribution to you.  In today’s real estate market, our buyers are negotiating contracts with helpful closing cost contributions to help our buyers with costly closing costs. 

ENTER FHA MORTGAGE FINANCING.  Just in time, the loan limits for FHA insured mortgage loans will help many home buyers obtain financing at a reasonable cost.  The new loan limit for FHA is $729,750.  In some areas of Maryland the loan limit is less. 

NEW FHA LOAN LIMITS FOR 2008.

Maryland FHA Loan Limits

           Homes in Montgomery County MD in the $625,000 range in Damascus, Germantown, Clarksburg.

THE NEW FHA MORTGAGE LOAN ARE IMPORTANT.  The average price for Detached Single Family Homes SOLD in February, 2008 in Montgomery County, Maryland is about $620,000.  With the old FHA mortgage loan limit, buyers were denied the benefits of the FHA loan and the financing flexibility offered. 

For specific loan information, contact
Bruce Thanh
JPMorgan Chase Bank, N.A.
3190 Fairview Park Drive Suite 100
Falls Church, VA 22042
Phone: (703) 641-6231

Courtesy, Lenn Harley, Broker, Homefinders.com, 800-711-7988.

FORECLOSURES IN PRINCE WILLIAM COUNTY VIRGINIA ARE A GOOD BUY. 

Not only that, they are not the "old" foreclosed homes that we used to see from HUD, VA, Banks.  Most of the foreclosed homes in Prince William County, Virginia for sale have resulted from the mortgage company crisis.  For instance, the average list price for detached single family homes for sale in Prince William County, Va is $414,601.  However, the average list price for foreclosures for sale in Prince William County is $302,266.  Foreclosures are leading the way to good buys for home buyers and our experienced agents are skilled in helping you find the very best home for your needs and your qualifying price range. 

Come with us for a tour of foreclosed homes in Prince William.  We can show homes in Bristow, Dumfries, Gainesville, Haymarket, Manassas and Woodbridge.  If you don’t know your qualified price range, call Lenn and we’ll run the numbers for you and you’ll be ready for a tour.  Or, just call to chat about real estate in Northern Virginia.  You can see full public listings for the home below.   

HOMES LISTED FOR SALE BELOW ARE ALL FORECLOSURES, VACANT AND READY FOR OCCUPANCY.  Most foreclosure home buyers close and buyers get their keys within 60 days. 

EXAMPLE:  Homes for sale listed below are all in the $400,000 to $500,000 price range and the most popular homes for home buyers who need 4 bedrooms or more.  There are also foreclosed single family homes priced as low as about $150,000 to as high as about $1,000,000.  The homes below were all constructed in 2000 or later and are in popular communities below.

Ashland * Braemar * Dominion Valley * GlenKirk * Kingsbrooke
Mayfield * Bristow * Port Potomac * Saratoga Hunt * Wayside Village 

CLICK HIGHLIGHTED CITY NAME BELOW TO VIEW HOMES FOR SALE.  Contact us when you’re ready for a tour. 

Features on the Prince William County, VA map for commuters include the Virginia Railway Express Train routes from Fredericksburg through the county on the east side to points north to DC.  Also the western route from just south of Manassas to points north and DC.  Connections to METRO are available in Fairfax County. 

Courtesy, Lenn Harley, Broker, Homefinders.com, 800-711-7988.

Property Details for listing # PG6625068

Price:  $550,000 City:  BOWIE Bedrooms:  5 Bathrooms:  3 full  1 half Type of Home:  Detached Style:  Colonial Year Built:  2005 Lot Acreage:  0.169972 Subdivision:  FAIRWOOD  County:  PRINCE GEORGES, MD  State, Zip:  MD, 20720  Status:  ACTIVE

Descriptions

Comments:  Short Sale - Come home today, located just minutes from shopping, entertainment, highways and public transportation, this home is perfect for the first time or upgrade homebuyer or investor. Call today.

Home Interior Features

Amenities:  MBA/Sep Shwr, MBA/Sep Tub, MBR-BA Full, Master Walk-in Closet, Tub-Soaking, W/W Carpeting, Walk-in Closet(s), Washer/Dryer Hookup  Appliances:  Dishwasher, Disposal, Icemaker, Oven/Range-Gas, Refrigerator  Basement:  Fully Finished, Rear Entrance, Walkout Stairs  Kitchen / Dining Info:  Breakfast Room, Fam Rm Off Kit, Gourmet, Kit-Island, Kit-Table Space, Sep Dining Rm  Other Rooms:  MBR w/Sit Rm, Recreation Room  Heating System:  Forced Air  Heating Fuel:  Natural Gas  Cooling System:  Ceiling Fan(s), Central A/C  Cooling Fuel:  Electric  Water System:  Public  Hot Water:  Natural Gas  Parking:  Garage  Room Dimensions Room Dimensions Level Living Room Main Dining Room Main Bedroom-Master Upper 1 Sitting Room Upper 1 Bedroom-Second Upper 1 Bedroom-Third Upper 1 Bedroom-Fourth Upper 1 Bedroom-Fifth Lower 1 Kitchen Main Family Rm Main Garage Main Foyer Main Breakfast Room Main

Home Exterior Features

Construction:  Brick, Brick and Siding, Vinyl Siding  Exterior Features:  Bump-outs, Deck, Patio  Community Amenities:  Community Ctr, Jog/walk Path, Pool Mem Avail, Pool-Outdoor, Rec Center

	Your Agent’s Information
	Your Agent: LENN HARLEY  Phone: 800-711-7988   Office: HOMEFINDERS.COM

	Listing Courtesy Of
	Listing Office: Exit Signature Realty

SHORT SALE FOR SALE IN BOWIE.  CALL LENN FOR MORE INFORMATION.  800-711-7988

BLJAT

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Learn about the real estate market in Maryland and Northern Virginia. 

Maryland Buyers Agents helping home buyers find homes to buy; new homes in Maryland, resale homes in Maryland, condominium, town house, single family homes in Maryland.  We cover the areas throughout Maryland from the DC to Baltimore to Annapolis areas and the Eastern Shore.

Buyers Agents in Northern Virginia helping home buyers find the best resale or new home in your price range and location of choice.  Areas include all areas from DC west to Frederick County, south to Spotsylvania, Culpeper counties and east to Westmorland. 

New Homes are the BEST buy today. Builders have lowered prices and increased incentives to encourage sales. New Homes are YOUR BEST BUY TODAY. Contact Lenn and we’ll arrange a tour of new homes in your location of choice.

HOW HOMEFINDERS.COM can help you find your new home.
We take you on a tour of homes, introduce you to the builders in your price range and location of choice. Our agents can help you evaluate the difference builders, lots available, floor plans, options, upgrades and builder incentives. We stay on top of the builders, the prices, builder traffic and incentives in Maryland and Northern Virginia.
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Can I buy a home already built?
New homes in Maryland and Virginia are very much in demand. They are rarely sold in the finished state unless a buyer can’t settle and the builder has a home in inventory. Most new homes in Maryland and Virginia are built to contract. You select the lot, the floor plan, the flooring, the kitchen features, the bathroom finishes and other options.