Baltimore, Maryland
In December, 2009, Baltimore, Maryland continued to see more FHA loans being processed than conventional loans, by a significant margin. More than twice the number of FHA loans were used in December, 2009, compared to conventional loans. Investors look like they're still in the Baltimore market since 125 properties were paid for in cash. The FHA has recently increased the upfront MIP required to 2.25%. This amount is built into the loan amount and paid off over the life of the loan.
Interest rates are still excellent for most borrowers with decent credit. Speak to your loan officer regarding rates, and the best type of loan for your individual circumstances.
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
©2009 - RichSellsHomes, All Rights Reserved
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).
SKYPE ME: RichSellsHomes
