Loan programs for veterans just expanded in Maryland.
The state of Maryland is now offering its Maryland Homefront program for veterans and military families. This program has 50 million dollars to help current and former military homebuyers. That’s right, you do not have to be a first time homebuyer to take advantage of this great program.
This program offers veterans a lower interest rate than the normal low rate the Maryland Mortgage program provides. Current rates are .50 below the current rates for non-veterans.
The Maryland Homefront program also has a down payment assistance element to it as well. Veterans can take advantage of the $10,000 available to assist with down payment on a home. Veterans can also use the $10,000 down payment assistance in conjunction with any other program they also qualify for.
This great loan program for veterans has been extended to the end of September 2013. And remember, veterans do not have to be first time home buyers to take advantage of the lower rates and down payment assistance.
Not every lender has this great loan program for veterans. Not every loan officer has the right amount of experience with the VA loan or down payment assistance programs. So call me at 301-604-0198 and I will put you in contact with the right lender.