During March, 2010 FHA loan type was the most used to purchase a Crofton, MD home. This type of loan is used frequently because of the lower down payment required. FHA loans currently require the buyer to put down 3.5% on their home purchase.
Following the increasingly popular FHA loan was the standard conventional loan. This is a scenario we've seen frequently in the Crofton, MD real estate market.
With our proximity to Ft. Meade, Crofton, MD home buyers do frequently use VA loan types as well. Three of the homes purchased in March, 2010 used a VA loan.
A couple of loans were assumed and one Crofton, MD home buyer paid cash.
Finding the right financing to purchase your Crofton, MD home is critical. I can recommend an excellent loan officer, who is local to the area.
Crofton, MD has an excellent selection of homes in all price ranges, and I can show you any of them.
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
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
Assumption is a word you don't see much in financing anymore Rich...
I hope you have a successful week,
Paul
Hi Richard, This is interesting. FHA is the financing of choice in your area and then conventional, with very few cash buyers. Here cash is the top choice and then conventional, then FHA. I always like to see what's going on in other areas.
Rich FHA is very popular again all over the US - low down payment is the real reason