Besides the $8K that the Federal Government has for you there are also funds available through the County (Community Development Grants) for first time home buyers. You should speak to a competent mortgage broker to find out what is available and how much your family would be eligible for and can afford. That should be your first step. You do not need to use the broker from whom you get the information though. Shop around; try banks, credit unions you might belong to (or could join), as well as mortgage companies. Try this website from the MD Association of Realtors: http://www.mdhomeprograms.com/ or the state website: http://www.mmprogram.org/ These are full of different programs available to you. One suggestion, stay away from online mortgage companies. I have found that not only are their fees outrageous but they can fall through at the last minute. There are tons of local banks, just drive up or down Ritchie Highway to locate many of them! Good luck! There is a lot out there available to you! I'll be glad to help if you like. Best regards!
Cher Varnum-Glenn 410-914-1477

As a first time buyer you get a bit of a break on recordation taxes. You also qualify for the tax credit. What many people don't know is that once you close on the new home, you can ammend your 2008 taxes and receive the refund within a couple of weeks of settlement. I would double check with an accountant, but I believe if you choose this option, the credit is $7500 vs. the $8000. Most loan programs require 20% downpayment, but FHA only requires 3.5%, so that is the way most buyers choose to go.

I owned a home in Piney Orchard a few years ago and am extremely familiar with the area. I would be more than happy to help out with the process from start to finish. Please let me know if I can help.

Lisa Devnew
Coldwell Banker
410-615-0990

Piney Orchard is such a popular area! I just helped a Client rent a nice Town Home(1575.00) and sold a Town House in Odenton that was very affordable and it sold in 4 days. Having said all that, there are great deals out there and if you are considering taking the step towards buying, now is the time! If you can afford your current monthly payment, then you can afford to stop putting money in the Landlords pocket and take advantage of the perks of homeownership. WoW! all this and I only had one cup of coffe.

If you need help!
, please let me know, I am just 12 minutes from there.
Ania
AniaMiller@kw.com

I would agree with Brian, if you are in a position to buy then now is a great time. Between the first time homebuyer tax credit, low interest rates, and current pricing levels it is atleast worth a look if you are thinking about it. I currently have a great townhome listing for sale in Piney Orchard and I have helped a number of buyers and sellers in Piney Orchard. In fact, one of my team members lives with his family in Piney Orchard, so we know the area well.

If you have any questions as you contemplate whether or not to start your home search, please do not hesitate contacting me.

Thanks,
Dennis Skelly
Ricker Realty
202.438.2091 (cell)
dennis.skelly@verizon.net

For long term, there is probably very few investments that is as strong as Real Estate. I would highly recommend you buy vs throwing our money renting.

There are many unique programs for 1st time home buyers. And in this market, it is common to get the seller to pay your closing costs. The real big perk....is interest rates still are at very low rates.

Please contact me so we can discuss further.