It was only a few short years ago that agents recommended to sellers not to accept contracts that had FHA and VA loans, in favor of conventional loans. Back then, there was frequently multiple contracts on every property and the thinking was that a conventional loan would be easier to close.
FHA loans today are affordable, and as you can see, most frequently used last month to finance home purchases in Anne Arundel County, MD.
With our proximity to Ft. Meade and the Naval Academy, VA loans accounted for 13% of all funding last month. Another great loan product for our military home buyers.
Rates are still low and there is a wide selection of inventory in Anne Arundel County, MD. Combined with government tax rebate programs, now is a great time to buy.
If you're SEARCHING for a home anywhere in Maryland, click here to view ALL ACTIVE LISTINGS.
Richard Iarossi, REALTOR®
Long and Foster® Real Estate, Inc.
Crofton, MD 21114
410-451-6255 Office
443-995-9595 Cell
Web: http://www.RichSellsHomes.com
eMail: Rich@RichSellsHomes.com
Annapolis MD Real Estate Specialist
Bowie MD Real Estate Specialist
Crofton MD Real Estate Specialist
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Rich Iarossi is a full time licensed REALTOR®, working in Crofton, MD. My coverage areas are: Anne Arundel, Prince George’s, Howard, Calvert, Queen Anne, and Baltimore City and County. I specialize in residential real estate, working with both buyers and sellers. Use the registration free search on my website at www.RichSellsHomes.com. If you’re not already working with a REALTOR®...I can help. Call me at 443-995-9595 (Cell) or 410-451-6255 (Office).
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Hi Rich:
Charts show such a clear picture!
FHA is definitely the majority of the financing choice.