Maryland No Money Down Home Loan

NO MONEY DOWN to $417,000
Direct Fannie Mae Approvals Usually in 1 Hour!

New Fannie Mae Loan Program! No Money Down Home Loan in Maryland No pre-payment penalty!

Several Options, but here are the two most popular:

1) No Money Needed for Down Payment Or Closing Costs.   Seller MUST agree pay a portion of closing costs (up to 6% of sale price allowed).  6% usually covers them (99% of the time), and even leaves enough left over to use the Seller's money to buy down to a lower rate!  This loan has income limitations which are based on the Maryland county property location.  Maximum loan amount $417,000, which is the same as the sale price with no money down.  Established credit history is required.  Does not have to be "Excellent Credit". 

We have obtained approval and settled/ closed on these loans.   This program is the real deal, no bait and switch.  Buy a home with no cash needed for closing or down payment under the program listed above. 

2) No income limitations.  Borrower (s) only has to have $500 of their own funds towards closing costs!  Gifts are allowed!  Seller can pay closing costs up to 3% of sale price!  Established credit history is required.  Does not have to be "Excellent Credit", this program is more flexible on credit scores.  Important:  For this particular No Money Down program, the seller MUST agree to pay 3% of sale price towards closing.  In the business it is called "Seller Contribution".  If seller does not pay closing costs, you can still buy with only $500 down.  However, you will have to pay your share of closing costs that the Seller did not pay.  Will be thousands on top of the initial $500.   Please call or have your realtor call our office to get details and conditional approval before you enter into a contract of sale.  In this market, the Seller will more than likely be ready to negotiate with you as far as Seller Contributions.   Maximum loan amount $417,000.  Which means maximum sale price is $417,500 with $500 down. 

Sale price can be higher, but you will need down payment for difference between that and the $417,000 loan limit. 

1)  Download Fannie Mae application, complete and return by fax  410-643-8750.   Account numbers or exact figures are not required to get started. 

2)  Apply online now.

3)  Apply by phone during office hours (usually 9 to 5, some days 8 to 6).  You can always leave a message if you miss us.  410-643-8757 or  888-643-3659.  (We are located in Maryland) EST Time Zone.

4)  Send an email with your number and the best time to contact you. (please note, this email address is changed regularly to try to avoid spammers).  If you need to contact us in the future, please check this page or call for the current email address. 

All loans will be submitted through Consolidated Mortgage Corporation.  We will then upload to the FNMA Automated Underwriting System / D.O. We will have a  Loan Decisions In Minutes!  Why wait weeks or days for an approval?  Get approved today for your No Money Down Home Purchase Loan! 

Not in Maryland?  We recommend that you check out LowRateMortgages.com, to get connected with a Lender or Broker in your state.  Do not click link for No Money Down Loans in Maryland.