Getting Started: Buying A Home In Anne Arundel County

Over the years I’ve consulted with home buyer clients in Anne Arundel County about their reasons for not buying a home sooner. They usually mention that they had no clue how easy it really was! There is a great deal of help available. Maryland offers many diverse programs and grants to those looking to purchase a home. Whether you’re a first time home buyer, need closing cost assistance. Whether you may need down payment assistance or are in need of a program to help with student debt–there are many options available for you.

 

Partner With A Lender

Similar to choosing a Title Company, partnering with a lender you trust can mean all the difference when buying a home in Anne Arundel County. A good lender can help determine the best way forward. The best way to get there will be based on your individual needs. A potential home buyer should  interview a handful of lenders across the board. Internet only companies, larger banks, and smaller, more local lenders–each will have different approaches. Those different approaches will help wrap your head around all the loan products available.

 

Maryland Mortgage Program

The Maryland Mortgage Program has a great tool on their website that will walk you through which programs may best suit your home buying situation here in Anne Arundel County. Follow the link below to the home page and click the button, “Get Started”. It can be a bit confusing determining if you meet the requirements of each program which is why it can really pay off to talk with a lender early on.

Maryland Mortgage Program

 

Maryland Home Ownership

Another great resource for potential home buyers is the Maryland Home Ownership website. This website was created by Maryland Realtors®. The website allows you to target local mortgage programs specific to Anne Arundel County. This can be quite helpful if you have already decided on the area you’d like to purchase in. Below is the link to mortgage programs in Anne Arundel County, Maryland.

Anne Arundel County Mortgage Programs

 

FHA Grants

The FHA also has a very detailed website with many user friendly tools to help determine a grant or loan product that could be right for you. Additionally, the FHA website does a great job of explaining FHA loan requirements needed to be met.

FHA Grants

 

Maryland SmartBuy

The Maryland SmartBuy Program is built specifically for those potential home buyers who have student debts. These debts may otherwise interfere in qualifying for a mortgage. So, when purchasing a home in Maryland, SmartBuy 2.0 gives home buyers an opportunity to purchase any home that meets Maryland Mortgage Program guidelines. Even while paying off student debt. This limited time program provides all of the student debt relief offered by the original Maryland SmartBuy while making more homes eligible for purchase.

Maryland SmartBuy Program

 

Summary

The resource links above are a great way to begin a your home buying journey. Armed with a little bit of knowledge about how easy it can be to make the leap, you can begin to determine a clear way toward being a proud homeowner!

If you have any questions, please contact me.