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Home Buying in Waldorf : Real Estate Advice

  • All136
  • Local Info12
  • Home Buying51
  • Home Selling18
  • Market Conditions4

Activity 50
Fri Jan 19, 2018
Kirsten Sharp asked:
I currently own a home however I am relocating out of state and plan to buy another home. I have student loan debt that I would like to get rid of and recently heard about the new cash out…
0 votes 0 Answers Share Flag
Sun Nov 5, 2017
Frank S. answered:
Hello Gail, why are you inquiring on a lease option? Do you have credit issues, BK, short sale, foreclosure or deed in lieu? If not you may qualify for zero down VA or CalVet loans. My other half is a Navy veteran and has banks that are not fico score driven for VA loans.

If you had past issues with VA, you may consider FHA financing. You should study RENT vs BUY listings to compare payments and qualifications.

You may consider FHA 3.5% down from a minimum 580 fico score and if you have lower scores you may consider FHA 10% down with scores between 500-579. You may consider 3% down conventional from a minimum 620 fico score.

Your scores can be raised within 3-4 days in most cases to qualify for programs, rates and terms as necessary. We have lenders that go down to 500 fico score for VA as they are not fico score driven loan programs.

You did not mention the number of bedrooms, baths and maximum payment/price you are looking to achieve. If you figure out what cities/zip codes you are considering, minimum number of bedrooms, baths and the maximum payment/price you are looking to afford you can be emailed listings to fit your search criteria.

The purchase in Waldorf start from 75k for 2bd 1ba condo, from 114k for 3bd 1.5ba condo and the single family homes start from 149k for 4bd 2ba home. The rentals start from $1,100 for 1bd 1ba apts and up. You may qualify to buy and pay less than rent.

Lease options want 10-15% down which is non refundable and your rent goes up annually until you qualify. Don't disqualify yourself and get pre-approved and find out your options. Check out the web reference link below which also has VA, FHA links as well...
... more
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Tue Nov 15, 2016
Malcolm Lawson answered:
Tue Nov 15, 2016
Atxaviermartin answered:
Well, it all depends on the kind of loan you are going for. You might get approved for any type of loan, but what matters is the rate of interest. If you are going for a VA Loan, then given these factors, I would say that you would get a really affordable loan. ... more
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Thu Sep 22, 2016
Angela Gillum Bowman answered:

A lender will be able to answer this question. If you can email me at I can email you one of my lenders that I use with my clients.

Thank You ... more
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Wed Apr 20, 2016
Soulful40 asked:
...but it is in need of some cosmetic repairs that we really don't want to sink money into if we don't have to, so that we can save up for the down payment of a new home. What can we do?…
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Thu Mar 24, 2016
Aupairanapaulavieira asked:
Why do I have to pay County Excise Tax on top of property tax in a brand new construction in Waldorf???
Is the excise tax charged if I buy a older home as well????
0 votes 0 Answers Share Flag
Wed Jan 6, 2016
USDAMTGHUB answered:
Your lender should be able to increase your rate some to help assist with closing costs. Also, the USDA program will allow you to roll in your closing costs up the appraised value.

USDA Mortgage Hub
100% USDA Rural Housing Loans
Serving all 50 states
Ph: 800-691-8826 (7 days a week)
... more
0 votes 8 answers Share Flag
Sun Jan 3, 2016
Graham-4 answered:
I have a nice clean small 3bd 2bath home in a quiet area on Poplar Hill Rd 20601 with 3 acres with no HOA Cedarville state forest backs up to my property and finally no flooding on land during hard or long rains. New roof, 2 year old 13 seer heat pump. 960sqft home. Make a offer over $275k. ... more
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Sat Dec 26, 2015
Vivian Ruffin asked:
I'm retired and want to purchase a home only income is my retirement check.., what you thoughts on having another income before making this purchase?
0 votes 0 Answers Share Flag
Mon Nov 16, 2015
Kathy Lewis answered:
USDA financing has some great benefits, read all about them in the provided web reference link below.

USDA Mortgage Hub
100% USDA Rural Housing Loans - Nationwide
Ph: 800-691-8826 (7 days a week)
... more
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Tue Sep 15, 2015
Barbjwhite_26 asked:
0 votes 0 Answers Share Flag
Sun Jul 5, 2015
Carole Warren answered:
To have an agent or not ... that is the question? If you want your investment protected ... to know the process from beginning to end, then I say yes. Why make the largest purchase and go in blind?

First of all, the buyer does not pay commission, the seller pays both buyer & seller commission. There may be exceptions, but for the most part it's on the seller. In addition, a Realtor does not determine how much house your can afford or may qualify for ... the mortgage lender does. If a lender says you qualify for $200,000, then it is to your advantage to look for properties that sale for $200,000 or less. You may be given a lenders credit, special loan programs and concessions from the seller (can be 3% or more) toward your purchase.

A buyers agent represents your interest throughout the process. A sellers agent can help you but not represent you as they work for the seller and provide a fiduciary obligation to provide first and foremost the sellers interest throughout the real estate transaction.

sounds like you need help. Call and I will help with your real estate needs.
... more
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Tue Feb 3, 2015
Bernie Alvey answered:
Were you also asking for closing assistance? The bank's way out could be that they did not approve the price with closing assistance, so perhaps if you asked for 3% that put that under their net. Short sales = no logic, no common sense and no rhyme or reason. It's a pure roll of the dice and depends not only on the bank, but also on the negotiator assigned to the property as well. ... more
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Thu Jan 29, 2015
Bernie Alvey answered:
Hi Angela, did you ever get your deposit back on this? This is a very gray area but as a general rule, it is extremely tough to lose a deposit. Unless you sign a release agreeing to this or a judge orders it be turned over to the seller (or otherwise) then you should not lose the deposit. I am in Waldorf, MD and will be happy to assist you in any way I can if you still need help. Thanks! ... more
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Thu Apr 24, 2014
Akil Walker answered:
Hello Stephany,

if you need help finding a lender to discuss your best options for you. feel free to give me a call or shot me an email.
0 votes 2 answers Share Flag
Thu Mar 13, 2014
Tara Gianquitti answered:
I was actually wondering the same thing the seller has excepted are offer but we haven't heard much else.
1 vote 33 answers Share Flag
Sat Mar 1, 2014
Christina Elliott answered:
I would suggest using for this calculation. I also have a calculator on my website if you'd like to use:

Best Luck!

0 votes 9 answers Share Flag
Wed Jan 22, 2014

I also have a free program whereby I work with all my clients, first timers or otherwise. I have pretty good success in improving scores and counseling buyers as to what they can qualify for and also what they truly SHOULD be qualifying for. Everyones financial and personal situation is a little different. I agree with Connie in that you should talk to a few lenders and proceed with the one you feel most comfortable with the level of service they will provide for you. (you should do the same when choosing a real estate agent)

I'm available to help you at your convenience if you wish.

I can do a full underwriting approval ahead of time if need be and I also offer credit score improvement programs for free while we work on your mortgage. Everyone likes to raise their score!

If you like my answer, consider clicking on a “Thumbs Up” or “Best Answer”


Robert L. Hanson
Gladewater National Bank
First Time Homebuyer Specialist

Direct: 240-752-7549 Cell: 301-651-7822
NMLS# 695929

Rate quote or live chat with me at the link below:
... more
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Tue Dec 10, 2013
John Uribe answered:
The information provided by Harold Countee (below) is correct. Public tax record shows deed recorde March 9, 2011. Sale price was $370,000.
0 votes 3 answers Share Flag
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