Posts By Paul Defngin
Location
3204 Tower Oaks Blvd Suite 400,
Rockville, Maryland 20852
Phone: 240-447-2376
Posts
Veteran purchased a home with a VA loan using very little money.
Many Maryland veterans have an advantage of financing their home using a VA Loan. But, what exactly are the requirements and eligibility for this great loan program in today’s lending environment? For starters, most military veterans in Maryland are eligible. There are exceptions. A veteran who was dishonorably discharged is not eligible. Maryland Veterans with [...]
If you want to avoid costly mistakes, work with a local FHA reputable lender. Today, I received a call from a mother and she was in panic mode. She explained that she was helping her daughter-a first time home buyer purchase a condo in Bethesda, MD. They were pre-approved by an out of State lender [...]
If you are purchasing a foreclosure in Maryland, and plan to do rehabilitation then your best bet is to get an FHA 203-k loan. For many, buying a foreclosured property can present certain challenges: Challenges: Sale is “As Is” Seller Not Willing to Fix or provide Needed Repairs Standard FHA Financing Not Available Buyer’s Concerns About [...]
You can buy a home in Frederick County with 100% financing. Certain parts of Frederick is considered rural, and one of the best loan program available that will allow a buyer to finance 100% is the USDA loan. Over the weekend, I sat down with my sister and brother-in-law to discuss their interests in purchasing [...]
Maryland FHA streamline refinance is probably the best loan option for homeowners with little to zero equity in their home , and minimal to no credit scores. In our area, due to the continuing decline in property value, FHA streamline refinance without an appraisal gives you the best option to lower your interest rate and [...]
2009 FHA loan limits for Montgomery County, MD is currently at $625,500. Buyers who have limited downpayment only need to have a minimum of 3.50% for the downpayment. FHA’s required small downpayment as opposed to 10-15% for a conventional loan makes it relatively easier for a buyer to finance a home in Montgomery County. Each counties in [...]
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